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After dominating in China, BYD is making an aggressive push into Europe. With another EV plant reportedly coming soon, this time in Germany, BYD is taking direct aim at Volkswagen, BMW, and other domestic OEMs.

BYD wants a third EV plant in Europe, likely in Germany

BYD is already quickly expanding its European footprint with two manufacturing plants under construction. One is in Hungary, and the other is in Turkey.

According to a new report, a third could be coming soon. BYD’s executive vice president, Stella Li, recently told German newspaper Automobilwoche that the Chinese EV maker is eyeing another plant, and this time, it could be in Germany, the heart of Europe’s auto industry.

Although Li didn’t offer any other details, a source familiar with the matter told Reuters that Germany is likely BYD’s best option.

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Germany is home to Volkswagen, BMW, Mercedes-Benz, Porsche, and several others, which could lead to a major market shakeup.

BYD has been gaining momentum, with overseas sales surging in the first two months of 2025. In January, the company sold a record 66,336 NEVs overseas. Last month, BYD topped that with just over 67,000 vehicles shipped to overseas markets.

BYD-EV-plant-Germany
BYD launches Sealion 7 smart electric SUV at 2024 Paris Motor Show (Source: BYD)

Chinese brands continued gaining traction despite new vehicle registrations falling 2% in Europe in January. With over 37,100 vehicles registered, Chinese brands accounted for 3.7% of the market, up from 2.4% in January 2023.

BYD wants to grow the brand in Europe and connect with local buyers. Although Germany would likely be the best place to do so, high energy costs could be a challenge.

BYD-EV-plant-Germany
Michael Shu, Managing Director of BYD Europe, speaks at the IAA (Source: BYD)

Last Summer, BYD bought out its German distributor, Heden Electric Mobility, giving it more control over pricing and out.put

With the EU imposing new tariffs on EV imports from China, BYD could offset some of the costs through local production. Meanwhile, China has also warned domestic companies not to invest in countries applying additional tariffs.

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BYD’s wide-reaching electric vehicle portfolio (Source: BYD)

BYD’s plant in Hungary is scheduled to open in October. The second in Turkey will come online in 2026, and both plants are expected to have a combined annual production capacity of 500,000.

Although BYD is best known for its low-cost electric cars, like the Dolphin and Atto 3, the company is expanding with luxury EVs, pickups, smart SUVs, and supercars now hitting the market.

BYD is aggressively ramping up in the region. According to S&P Global Mobility, BYD’s sales are expected to double in 2025 to 186,000. By 2029, the company is expected to sell around 400,000 vehicles with a full lineup.

No final decision has been made yet, but Li said the third plant could come within the next two years. After overtaking Volkswagen as China’s largest automaker, BYD could set up shop on its home turf. Check back soon for more. We’ll keep you updated with the latest.

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Hyundai is about to shake things up its new ‘Pleos’ brand: Here’s what we know so far

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Hyundai is about to shake things up its new 'Pleos' brand: Here's what we know so far

In less than two weeks, Hyundai will unveil its “groundbreaking” new Pleos brand. The brand will introduce advanced new software and tech that will be used in upcoming Hyundai, Kia, and Genesis vehicles. We will also get our first look at its new development platform. Here’s what we know about Hyundai Pleos so far.

What is Hyundai’s new Pleos brand?

“What if mobility had its own software?” Hyundai asked on Tuesday after teasing its new software-defined brand. The company promises Pleos will “redefine mobility,” but how exactly?

A few weeks ago, Hyundai announced it was holding a developer conference to capitalize on the auto industry’s shift toward software-defined vehicles (SDVs).

At the event on March 28, Hyundai will debut its new Pleos brand while showcasing its latest tech, including a new development platform, artificial intelligence (AI), and autonomous driving advancements. The new SDV tech will power upcoming Hyundai Motor, Kia, and Genesis models, including EVs.

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Hyundai describes Pleos as a symbol of its commitment to providing smart, sustainable mobility solutions. Designed to connect and integrate data, the brand will open the door for innovation and collaboration.

Hyundai-Pleos-brand
Hyundai IONIQ 9 Calligraphy trim interior (Source: Hyundai)

During the conference, we will also see Hyundai’s new software development kits (SDKs) and APIs for its next-gen infotainment systems for the first time. The event will feature an exhibition showcasing potential partnership opportunities.

Hyundai teases new Pleos software brand (Source: Hyundai Motor Group)

With Kia launching its first electric van, the PV5, Hyundai Motor is quickly advancing new tech and software “set to redefine mobility.” The PV5 will kick off Kia’s Platform Beyond Vehicle (PBV) business, a total mobility solution combining fit-for-purpose EVs with advanced software.

Hyundai claims that “the future of seamless movement is no longer just an idea—it’s becoming reality” as it gears up to unveil its new mobility software brand, Pleos, on March 28.

With a flood of new EVs and tech on the way, Hyundai, Kia, and Genesis are preparing to shake things up in a big way over the next few years. Stay tuned for more on Hyundai’s software brand.

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Xiaomi hits 200,000 EV deliveries in a scorching 119 days and raises 2025 target

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Xiaomi hits 200,000 EV deliveries in a scorching 119 days and raises 2025 target

Young EV automaker Xiaomi Automotive continues to showcase that it is a force to be reckoned with in China. The automotive division of the massive electronics manufacturer Xiaomi Corporation recently hit 200,000 EV deliveries in record time. As such, the automaker has increased its delivery targets for 2025 as its second all-electric model looks to hit the market this summer.

Xiaomi Automobile is a name that refuses to be ignored in China and the global EV scene. The EV-centric business was spun out from smartphone and electronics manufacturer Xiaomi Corporation in 2021 and has been evolving at a staggering pace ever since.

The automaker launched its first model, the SU7, in March 2024 after faster-than-expected development. It quickly secured over 50,000 orders in the first 27 minutes and currently has a delivery wait time of at least 30 weeks.

In 2024, Xiaomi initially targeted the assembly of 60,000, but the SU7’s tremendous demand led the young automaker to bolster production to keep up. Shortly after the SU7 launch, Xiaomi shared that it had built 10,000 EVs in 32 days before bolstering its production lines in China, hoping to double its initial production and targets.

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By mid-November, Xiaomi’s founder shared that the company had reached 100,000 EV builds earlier than expected and could reach 120,000 units before 2025 arrived. When 2024 ended, Xiaomi was reporting 135,000 SU7 deliveries with plans to double that figure in 2025.

Today, Xiaomi reported 200,000 EV deliveries and has once again pushed back its annual goalposts as its sales continue to snowball in China.

Xiaomi deliveries
Source: Xiaomi Automobile / Weibo

Xiaomi raises 2025 target to 350,000 deliveries

Xiaomi touted its latest milestone on Weibo today, noting 200,000 EV deliveries while showcasing the lucky couple who took delivery of their new SU7, seen in the featured image above. What’s most noteworthy about this news is that Xiaomi hit the 200,000 mark in a mere 119 days.

We thought it was fast when the Chinese EV automaker hit 100,000 deliveries in 230 days. Still, momentum continues to increase at Xiaomi HQ, even though the young automaker is only selling one EV model in three variants in addition to a 1,548 horsepower SU7 Ultra (seen above).

As an encore, Xiaomi has already introduced an all-electric SUV called the YU7, which debuted late last year and will compete against the Tesla Model Y in China when it hits the market his summer. With a fresh model on the way and continued demand for its growing lineup, Xiaomi has raised its targeted deliveries for 2025.

With its production facilities now complete in China, Xiaomi previously shared plans to achieve a full annual production capacity of 300,000 units this year. However, Xiaomi now says it is targeting 350,000 deliveries for 2025. Per its Weibo page, its production capacity increase is “progressing smoothly.”

From what we’ve seen from Xiaomi Auto thus far, everything has been smooth sailing. The company’s next milestone should be the official launch of the YU7 SUV, but who knows, it may hit 300,000 deliveries before then.

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NIO and CATL form new partnership to build the world’s largest battery swap network

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NIO and CATL form new partnership to build the world's largest battery swap network

This week, prominent Chinese EV automaker NIO and CATL, the world’s leading battery manufacturer, announced a new strategic partnership to combine and standardize their respective industries technologies and implement the “largest and most advanced battery swap network for passenger vehicles.”

When it comes to advanced battery technologies in China, both NIO and CATL are mainstays in the industry discourse. NIO has established itself as one of the leading innovators in EVs and adjacent technologies and has expanded beyond its native China into new global markets.

Simultaneously, CATL has remained the bonafide leader in battery manufacturing and market share for the better part of the last decade and has shown no signs of ceding to its competitors anytime soon. Beyond EV batteries, CATL has introduced its own network of battery swap stations in China, part of a strategy to eventually replace gas stations altogether.

Similarly, battery swaps remain a massive part of NIO’s EV strategy. Its growing networks in China and Europe, not to mention its customer support, have proven to the world that swaps can serve as a viable alternative to traditional charging methods in which the battery pack stays put.

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That said, NIO and CATL are no strangers to one another. Prior to today’s news, both companies had established several partnerships to expand battery technology and deliver it to more markets. Today, NIO and CATL have confirmed a new strategic partnership focused on battery swap technology to establish the world’s most prominent network. Given each’s current status in that segment, that goal shouldn’t be too hard to achieve.

NIO battery swap network
Source: CATL

CATL signs on to support NIO’s battery swap network

Both companies shared details of their new strategic partnership, which was signed on March 17 in Ningde, Fujian, China. NIO and CATL plan to collaborate and leverage their technological strengths to establish a world-leading battery swap network. Per the release:

 Building on unified battery standards, the two parties will strengthen the sharing of their battery swapping networks, and accelerate the adoption and advancement of battery swapping services. CATL will support NIO in developing the battery swapping network, while its Choco-Swap technical standards and network will be introduced to the subsequent newly developed models of firefly, NIO’s new brand.

CATL and NIO stated they will operate in parallel to offer NIO and other EV drivers a more seamless and efficient battery swap network experience. As for many EV automakers, the overall goal is to make BEV travel more convenient to help sway more consumers into going all-electric.

Yesterday, NIO and CATL competitor BYD introduced a new 1,000-volt EV platform that can recharge a vehicle in five minutes thanks to 1,000 kW rates, thus reaching time parity with a traditional gas station visit. Before that news, battery swaps have remained the much faster recharge method, taking between five and eight minutes to pull in, have a battery swapped out, and pull through back onto one’s travels.

NIO and CATL hope to promote this alternative method further in China by jointly developing and adopting national battery swap network standards, which include universal battery compatibility across various makes and models, not just NIO vehicles.

NIO and CATL plan to “complete a lifestyle loop” that includes battery R&D, swapping services, asset management, reutilization, and material recycling. In addition to spreading further adoption, the overall goal will be to reduce costs for swap station operators and EV owners alike while improving overall efficiency across the industry.

This is excellent news for the EV industry in China and let’s hope it finds success overseas so it can expand to other global markets soon.

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