BYD continues global expansion by entering Central Asia, launching 3 models in Uzbekistan
Build Your Dreams’ (BYD) momentum in global expansion continues to snowball into new markets, including Central Asia where the Chinese automaker is launching three models beginning this month. This includes the Han EV as well as two hybrid plug-ins.
BYD, short for “Build Your Dreams,” is a Chinese manufacturing conglomerate founded in 1995, although its automotive subsidiary didn’t evolve until eight years later. Still, BYD is touting two decades of automotive experience and has recently has the foresight to adapt to a new future propelled entirely by electrification.
In fact, the automaker recently built its final combustion vehicle, leaning further into its current status as one of the world’s largest plug-in EV manufacturers, despite most of its vehicles being sold solely in China. That status has shifted the past year or so however, as BYD has looked to expand outside of Asia to provide global access to its growing lineup of all-electric vehicles.
In the summer of 2022, BYD Auto shared plans expand further through Asia by begin selling its EVs in the Japanese market. That news was quickly followed by a vow to sell EVs in Germany and Sweden as well. Other markets have been announced since then including Norway, Denmark, the Netherlands, France, Belgium, and, most recently, the UK.
Now, BYD is turning its sights back on Asia and looking west, as it has announced entry into Uzbekistan, beginning with three electrified models available to order as early as this month.
BYD expands access to EV portfolio in Central Asia
The automaker announced the official launch during a BYD and Uzbekistan New Energy Vehicle Premiere event held on March 16, which shared the pre-sale pricing for three models seen above. The launch includes two PHEVs – the BYD Chazor, Song Plus DM-i, plus the all-electric BYD Han which we recently got to test drive for ourselves here in the States. Per the release:
The first BYD new energy vehicles arrived in Uzbekistan in March, with a second delivery already in progress and due early in April, bringing customers in Uzbekistan an all-new NEV experience thanks to cutting-edge hybrid DM-i and EV technologies developed by BYD.
Beginning in late March, BYD says it will open “Pioneer Stores” across Uzbekistan’s capital of Tashkent, beginning in the Sergeli district followed by a showroom in Oloy. A second Pioneer Store is slotted to follow in Yunusobod in early April.
BYD shared that preparations to enter the Uzbekistan market in Central Asia began in December of 2022 and have been made possible so quickly through a joint venture with UzAuto to assemble the EVs in the country. The Chinese automaker is describing its latest market entry as a foundation for “exciting collaboration in the future” that already includes cooperation with local dealers to provide BYD customers with localized sales and after-sales service and support.
The BYD models launched Central Asia are available to order this month.
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Is it an electric van or a truck? The Kia PV5 might be in a class of its own. Kia’s electric van was recently spotted charging in public with an open bed, and it looks like a real truck.
Kia’s electric van morphs into a truck with an open bed
The PV5 is the first of a series of electric vans as part of Kia’s new Platform Beyond Vehicle business (PBV). Kia claims the PBVs are more than vans, they are “total mobility solutions,” equipped with Hyundai’s advanced software.
Based on the flexible new EV platform, E-GMP.S, Kia has several new variants in the pipeline, including camper vans, refrigerated trucks, luxury “Prime” models for passenger use, and an open bed model.
Kia launched the PV5 Passenger and Cargo in the UK earlier this year for business and personal use. We knew more were coming, but now we are getting a look at a new variant in public.
Although we got a brief glimpse of it earlier this month driving by in Korea, Kia’s electric van was spotted charging in public with an open bed.
The folks at HealerTV found the PV5 variant with an open bed parked in Korea, offering us a good look from all angles.
From the front, it resembles the Passenger and Cargo variants, featuring slim vertical LED headlights. However, from the side, it’s an entirely different vehicle. The truck sits low to the ground, similar to the one captured driving earlier this month.
When you look at it from the back, you can’t even tell it’s the PV5. It looks like any other cargo truck with an open bed.
The PV5 open bed measures 5,000 mm in length, 1,900 mm in width, and 2,000 mm in height, with a wheelbase of 3,000 mm. Although Kia has yet to say how big the bed will be, the reporter mentions it doesn’t look that deep, but it’s wide enough to carry a good load.
The open bed will be one of several PV5 variants that Kia plans to launch in Europe and Korea later this year, alongside the Passenger, Cargo, and Chassis Cab configurations.
In Europe, the PV5 Passenger is available with two battery pack options: 51.5 kWh or 71.2 kWh, providing WLTP ranges of 179 miles and 249 miles, respectively. The Cargo variant is rated with a WLTP range of 181 miles or 247 miles.
Kia will reveal battery specs closer to launch for the open bed variant, but claims it “has the longest driving range among compact commercial EVs in its class.”
In 2027, Kia will launch the larger PV7, followed by an even bigger PV9 in 2029. There’s also a smaller PV1 in the works, which is expected to arrive sometime next year or in 2027.
What do you think of Kia’s electric van? Will it be a game changer? With plenty of variants on the way, it has a good chance. Let us know your thoughts in the comments below.
Source: HealerTV
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Is Nissan raising the red flag? Nissan is cutting about 15% of its workforce and is now asking suppliers for more time to make payments.
Nissan starts job cuts, asks supplier to delay payments
As part of its recovery plan, Nissan announced in May that it plans to cut 20,000 jobs, or around 15% of its global workforce. It’s also closing several factories to free up cash and reduce costs.
Nissan said it will begin talks with employees at its Sunderland plant in the UK this week about voluntary retirement opportunities. The company is aiming to lay off around 250 workers.
The Sunderland plant is the largest employer in the city with around 6,000 workers and is critical piece to Nissan’s comeback. Nissan will build its next-gen electric vehicles at the facility, including the new LEAF, Juke, and Qashqai.
According to several emails and company documents (via Reuters), Nissan is also working with its suppliers to for more time to make payments.
“They could choose to be paid immediately or opt for a later payment,” Nissan said. The company explained in a statement to Reuters that it had incentivized some of its suppliers in Europe and the UK to accept more flexible payment terms, at no extra cost.
The emails show that the move would free up cash for the first quarter (April to June), similar to its request before the end of the financial year.
One employee said in an email to co-workers that Nissan was asking suppliers “again” to delay payments. The emails, viewed by Reuters, were exchanged between Nissan workers in Europe and the United Kingdom.
Nissan is taking immediate action as part of its recovery plan, aiming to turn things around, the company said in a statement.
“While we are taking these actions, we aim for sufficient liquidity to weather the costs of the turnaround actions and redeem bond maturities,” the company said.
Nissan didn’t comment on the internal discussions, but the emails did reveal it gave suppliers two options. They could either delay payments at a higher interest rate, or HSBC would make the payment, and Nissan would repay the bank with interest.
The company had 2.2 trillion yen ($15.2 billion) in cash and equivalents at the end of March, but it has around 700 billion yen ($4.9 billion) in debt that’s due later this year.
As part of Re:Nissan, the Japanese automaker’s recovery plan, Nissan looks to cut costs by 250 billion yen. By fiscal year 2026, it plans to return to profitability.
Electrek’s Take
With an aging vehicle lineup and a wave of new low-cost rivals from China, like BYD, Nissan is quickly falling behind.
Nissan is launching several new electric and hybrid vehicles over the next few years, including the next-gen LEAF, which is expected to help boost sales.
In China, the world’s largest EV market, Nissan’s first dedicated electric sedan, the N7, is off to a hot start with over 20,000 orders in 50 days.
The N7 will play a role in Nissan’s recovery efforts as it plans to export it to overseas markets. It will be one of nine new energy vehicles, including EVs and PHEVs, that Nissan plans to launch in China.
Can Nissan turn things around? Or will it continue falling behind the pack? Let us know your thoughts in the comments below.
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