Brooklands Motors Paris

Main Menu

  • Home
  • Auto Financing
  • Motor Parts
  • Car Dealer
  • Auto Loans
  • Bankroll

Brooklands Motors Paris

Header Banner

Brooklands Motors Paris

  • Home
  • Auto Financing
  • Motor Parts
  • Car Dealer
  • Auto Loans
  • Bankroll
Motor Parts
Home›Motor Parts›China’s BYD is ending full-combustion engine cars to focus on electric and plug-in hybrids

China’s BYD is ending full-combustion engine cars to focus on electric and plug-in hybrids

By Oscar Marr
April 3, 2022
0
0

A man walks past an entrance to the headquarters of Chinese electric car maker BYD in Pingshan district in Shenzhen, Guangdong province, China October 25, 2019. REUTERS/Yilei Sun/File Photo

Join now for FREE unlimited access to Reuters.com

Register

BEIJING, April 3 (Reuters) – China’s biggest electric vehicle (EV) maker BYD Co Ltd (002594.SZ) said that as of last month it had stopped making combustion engine vehicles and now only produces than all-electric, highly electrified plug-in hybrid cars. .

“Going forward, BYD will focus on pure electric and plug-in hybrids in the automotive sector,” the company said in a statement filed on the Hong Kong Stock Exchange on Sunday.

BYD won’t stop making gasoline engines altogether, as smaller, highly efficient engines will continue to be used in plug-in hybrid cars.

Join now for FREE unlimited access to Reuters.com

Register

The move responds to Beijing’s commitment to increase green energy consumption to bring carbon emissions to a peak by 2030.

BYD is among six automakers – the others being Volvo, Ford, General Motors, Mercedes-Benz and Jaguar Land Rover – to have signed on to a global campaign to phase out combustion engine vehicles by 2040.

BYD sold 104,878 units of new energy vehicles (NEVs) in March, rising from just 24,218 units in the same month a year earlier, and marking its highest monthly sales on record. Sales last month included 53,664 pure electric vehicles and 50,674 plug-in hybrid cars and 540 commercial NEV cars.

The company also said in the release that it will continue to provide full service and lifecycle spare parts supplies to existing fuel vehicle customers.

Join now for FREE unlimited access to Reuters.com

Register

Reporting by Muyu Xu and Norihiko Shirouzu; Editing by Susan Fenton

Our standards: The Thomson Reuters Trust Principles.

Related posts:

  1. Automotive elements magnesium die-casting market anticipated to expertise robust progress between 2021 and 2027
  2. Automotive clock springs market to witness sturdy enlargement by 2027
  3. Ivy Tech receives $ 17,000 in sheet steel donation for automotive know-how program
  4. Canadian auto manufacturing slowed as a result of rising elements shortages

Recent Posts

  • US Bank offers another real-time payment solution for car dealerships
  • Automotive Engines, Powertrains and Parts Market 2022 Major Upcoming Trends | Honda, BMW, Toyota, Mercedes-Benz – Shanghaiist
  • Brand and dealer loyalty declines as consumers pay more, GfK research finds
  • Dave Ramsey says that taking on this type of debt is “like trying to save yourself from a sinking boat with a bucket full of holes”. Is he right ?
  • US Census Report Shows Common Characteristics of Wealthy Americans

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • August 2020
  • July 2020
  • May 2020
  • November 2019
  • September 2019
  • August 2019
  • July 2019

Categories

  • Auto Financing
  • Auto Loans
  • Bankroll
  • Car Dealer
  • Motor Parts
  • Terms and Conditions
  • Privacy Policy