April 5, 2022: China’s largest electric vehicle (EV) maker BYD said that it stopped making combustion engine vehicles last month and now produces full electric and heavily electrified plug-in hybrid cars only.
“In the future, BYD focuses on pure electric and plug-in hybrids in the automobile sector,” the company said in a statement filed to the Hong Kong Stock Exchange on Sunday.
BYD will not wholly stop making gasoline engines since small, highly efficient engines will continue to be used in plug-in hybrid cars. Its move is in response to Beijing’s pledge to boost green energy consumption in bringing carbon emissions to a peak by 2030.
BYD is among six carmakers, Volvo, Ford, General Motors, Mercedes-Benz, and Jaguar Land Rover, signed up to a global campaign to phase out combustion engine vehicles by the year 2040.
BYD is sold 104,878 new energy vehicles (NEV) units in March, surging from just 24,218 units in a similar month a year and marking its highest monthly sales ever. The previous month’s sales comprised 53,664 pure EVs and 50,674 plug-in hybrid cars, and 540 commercial NEV cars.
The company said that it would continue to provide comprehensive services and supplies of spare parts throughout the life cycle to existing fuel vehicle customers.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
October 02, 2023:On Thursday, NFL suggests X is concerned about the sequence of ads on white nationalist narratives. “NFL unequivocally denounces any form of hatred …
September 27, 2023: Chinese e-commerce company Alibaba said Tuesday that it would spin off its logistics arm, Cainiao Smart Logistics…
September 27, 2023: The United States has imposed fresh trade restrictions on Chinese and Russian firms, a move made on Monday, which has …
September 26, 2023: On Monday, Japanese automaker Nissan revealed its dedication to transitioning to completely electric …
In an industry as competitive and fast-paced as Consumer Packaged Goods (CPG), standing out from the crowd requires innovation and adaptability. The cracks in the CPG supply chain were exposed long before the global pandemic struck, but the events of the past year only exacerbated the weaknesses.
Supply chain leaders, including VPs, often find themselves making bets with unknown financial consequences. Having started with largely infeasible plans generated by deterministic “one-number” planning systems, compounded by unexpected supply or demand disruptions, they are forced into last-minute adjustments to meet operational and financial goals.