Recent #SAIC news in the semiconductor industry

4 months ago

➀ Chinese car companies are expanding overseas production to bypass tariffs, with BYD building a $1 billion plant in Turkey for EU market access;

➁ Geely, SAIC, Chery Auto, and others are establishing factories in Thailand, Malaysia, Europe, and other regions to strengthen global presence;

➂ Dongfeng and FAW are negotiating production in Italy and Egypt, signaling aggressive global manufacturing strategies amid trade challenges.

BYDSAICautomotive
12 months ago
➀ Tesla's BEV market share dropped from 19% to 17% in the first five months of 2024; ➁ BYD is just one point behind Tesla at 16%; ➂ The BEV portfolio of legacy automakers like Volkswagen and Geely-Volvo stood at 7 and 8 percent, respectively.
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