Chinese company BYD, the world’s largest electric vehicle manufacturer, is designing a new model for India, as part of its efforts to boost its rapid global growth.
Engineers at BYD’s headquarters in Shenzhen, southern China, are working on the design, although a launch date for the model has not yet been announced.
It was noted during participation in the World Government Summit in Dubai that “India is a market for us, but we need to make more efforts.”
The company, founded in 1995 and initially specialized in battery manufacturing, sold 2.26 million electric vehicles last year, surpassing its rival Tesla.
It was announced that the Chinese company is currently planning to “launch a new model specifically for India,” without delving into any details.
It was stated, “My team is working on it, but there is still work to be done.” A report suggesting that BYD was planning to build a car assembly plant in India was denied.
Relations between the world’s two most populous countries are improving after a border clash in 2020, and direct flights between them resumed in October after a five-year halt.
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BYD is currently aiming for a minimum of 24% external growth this year, equivalent to 1.3 million cars, including hybrid models.
The company’s sales in China have been declining since the government adjusted its electric vehicle subsidy program, with numbers continuing to fall in January for the fifth consecutive month.
Models that ‘Change the Equation’
It was stated that BYD’s focus is on “all markets except the United States,” where Chinese imports face high tariffs.
Despite warnings of a growth slowdown in Europe, where hybrids outsold fuel-powered cars last year, it was said that new models will boost sales.
It was noted that longer-range hybrid models are aimed at “people who do not trust electric vehicles,” suggesting these models “change the equation.”
Following China’s ban on hidden door handles due to safety concerns, BYD will also introduce mechanical door handles in its models for foreign markets.
BYD
BYD is a Chinese multinational company specializing in automobiles, particularly electric vehicles, and rechargeable batteries. Founded in 1995 as a battery manufacturer, it has grown into one of the world’s largest producers of electric vehicles and a global leader in green technology.
India
India is a South Asian country with one of the world’s oldest civilizations, tracing its continuous history and cultural traditions back thousands of years to the Indus Valley Civilization. It is renowned for its profound spiritual heritage, including the origins of Hinduism, Buddhism, Jainism, and Sikhism, and for its historical empires, colonial period under British rule, and establishment as a modern republic in 1947.
Shenzhen
Shenzhen is a major city in Guangdong Province, China, that transformed from a small fishing village into a global technology and manufacturing hub following its designation as China’s first Special Economic Zone in 1980. This policy-driven change catalyzed rapid economic growth and urbanization, making it a symbol of China’s reform and opening-up era. Today, it is known for its modern skyline, innovation-driven economy, and as the home to numerous high-tech corporations.
China
China is one of the world’s oldest continuous civilizations, with a recorded history spanning over four millennia. It is home to numerous UNESCO World Heritage sites, such as the Great Wall and the Forbidden City, which reflect its long imperial past and profound cultural achievements.
World Government Summit
The World Government Summit is an annual global forum held in Dubai, United Arab Emirates, established in 2013. It serves as a platform for world leaders, policymakers, and experts to discuss future trends, governance, and innovation. The summit focuses on shaping future governments and addressing humanity’s challenges through collaboration and technology.
Dubai
Dubai is a major global city and emirate in the United Arab Emirates, historically known as a small fishing and pearling village. Its modern transformation began with the discovery of oil in the 1960s, but it has since strategically diversified its economy into tourism, finance, and trade, symbolized by iconic structures like the Burj Khalifa.
Tesla
Tesla is an American electric vehicle and clean energy company founded in 2003 by engineers Martin Eberhard and Marc Tarpenning, though it is most famously led by CEO Elon Musk. The company is named after the Serbian-American inventor and electrical engineer Nikola Tesla and played a pivotal role in accelerating the world’s transition to sustainable energy with its mass-market electric cars.
United States
The United States is a federal republic founded in 1776 after declaring independence from Great Britain, with its modern government established by the Constitution in 1789. Its history encompasses westward expansion, the Civil War, industrialization, and its emergence as a global superpower in the 20th century. The nation is defined by its diverse population, democratic institutions, and significant cultural influence worldwide.
Europe
Europe is a continent with a rich and complex history, shaped by ancient civilizations like Greece and Rome, the Middle Ages, the Renaissance, and periods of both conflict and cooperation. It is home to countless cultural sites, from prehistoric cave paintings to grand cathedrals and castles, reflecting its diverse artistic and architectural heritage. The modern political and economic entity of the European Union emerged in the latter 20th century as a project to foster unity and peace among its nations.
BMW
BMW, or Bayerische Motoren Werke, is a German multinational company founded in 1916, originally manufacturing aircraft engines before shifting to motorcycles and automobiles. It is now globally renowned as a premium manufacturer of luxury vehicles and motorcycles, headquartered in Munich. The brand is synonymous with engineering excellence, innovation, and its iconic blue-and-white roundel, which is stylized to represent a spinning aircraft propeller in reference to its origins.
BYD Seal 6
The BYD Seal 6 is an all-electric mid-size sedan produced by the Chinese automotive manufacturer BYD. It was launched as part of BYD’s “Ocean” series, representing the company’s advanced technology in electric vehicle design and battery innovation.
