The electric automaker wants to produce a million cars a year at its plant near Berlin, a step that would make it Europe’s largest car factory.
Gernot Döllner, who is considered close to Volkswagen’s chief executive, Oliver Blume, will take over at the luxury brand starting Sept. 1.
Although China is investing less in Europe overall, Chinese battery producers are building factories to meet the demands of the region’s growing need for electric vehicles.
The global competition to attract semiconductor companies is expected to cost Berlin billions. Some wonder if it’s a good use of money.
Berlin has been pushing to allow the sale of vehicles running on synthetic fuels past 2035. Its dispute with the E.U. threatened the bloc’s climate goals.
The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.
BYD is a powerhouse in China and sells the most electric vehicles of any company in the world. Now it has a plan to attract buyers in Europe’s largest economy.
BYD is a powerhouse in China and sells the most electric vehicles of any company in the world. Now it has a plan to attract buyers in Europe’s largest economy.
The law is part of the E.U.’s ambitious plans to make the 27-member bloc carbon neutral by 2050.
The law is part of the E.U.’s ambitious plans to make the 27-member bloc carbon neutral by 2050.