Shenzhen-based automotive company BYD announced on August 27 that it will launch a variety of new energy vehicle models for the European market this fall, including the BYD Tang, Han and Yuan PLUS, and that it will participate in the Paris Motor Show in October this year.
In 1998, BYD set up its first European branch in the Netherlands. After 24 years of hard work, BYD’s business in Europe has expanded to new energy fields such as solar energy, energy storage, electric buses, trucks and forklifts, and its operations now cover more than 20 countries and 100 cities in Europe.
So far, the firm has reached strategic cooperation with many leading passenger car dealers in Europe, and many new offline stores will open in the autumn. The first batch of vehicles is expected to be delivered in Q4 of this year.
Since 2020, BYD’s European market expansion has accelerated. In August 2021, BYD’s Tang EV was introduced and started delivery in Norway. On December 21, 2021, BYD delivered 1,000 Tang EVs in Norway, initially opening up the export mode from China to Europe within its own system.
At the beginning of this year, BYD’s Yuan PLUS model was officially released for sale in China, simultaneously opening for pre-sale in Australia, named the ATTO 3, further strengthening the global layout of its new energy passenger cars. On July 21, 2022, BYD announced its official entry into the Japanese passenger car market, and models such as the Yuan PLUS, Dolphin and Seal appeared at the launch conference in Tokyo, Japan, expected to be released in 2023.
In addition, on February 16 this year, BYD signed a memorandum of understanding on strategic cooperation with Uzbekistan’s state-owned automobile group UkAuto. As the agreement shows, BYD has set up a joint venture, which has begun to reveal the signal of “developing the European market based on this.”
According to BYD’s official data, in the first half of this year, the sales volume of new energy passenger cars exceeded 640,000, up 165.4% year-on-year, and the cumulative service customers of NEVs exceeded 2.3 million.