BYD Accelerates in Germany: 2026 Target

BYD, the Chinese electric vehicle giant, has unveiled ambitious plans for the German market, aiming to displace SAIC MG from leadership by 2026. This strategic move could trigger a new competitive dynamic, with potential repercussions on prices and the supply of electric vehicles in Germany.

The announcement marks a further expansion of BYD in Europe, a key market for the growth of the electric vehicle sector. Competition is intensifying, with several manufacturers seeking to establish themselves in a rapidly evolving environment.