{"id":44032,"date":"2024-12-10T05:20:00","date_gmt":"2024-12-10T10:20:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=44032"},"modified":"2024-12-10T03:11:43","modified_gmt":"2024-12-10T08:11:43","slug":"byd-to-update-vehicle-prices-starting-2025","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/byd-to-update-vehicle-prices-starting-2025\/","title":{"rendered":"BYD to Update Vehicle Prices Starting 2025"},"content":{"rendered":"\n<p>The general manager of <strong>BYD for Spain<\/strong>, <strong>Alberto de Aza<\/strong>, confirmed that the brand will implement a pricing update starting <strong>January 1, 2025<\/strong>.<\/p>\n\n\n\n<p>In an interview with <strong>Europa Press<\/strong>, he explained that the measure is more related to inflation than to tariffs imposed on Chinese electric cars.<\/p>\n\n\n\n<p>However, to avoid tariffs, <strong>De Aza<\/strong> noted that the company plans to have manufacturing plants across all five continents.<\/p>\n\n\n\n<p><strong>You may also read:<\/strong> <a href=\"https:\/\/latamobility.com\/en\/?p=43929\">BYD\u2019s Path to Becoming a Leader in Electric Vehicles<\/a><\/p>\n\n\n\n<p>In <strong>Europe<\/strong>, they will establish a plant in <strong>Szeged (Hungary)<\/strong>, where they aim to produce their first vehicle before <strong>2026<\/strong>. In this regard, <strong>De Aza<\/strong> confirmed that the company has no plans to set up additional plants in Europe for the time being and that demand will dictate future plans.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"610\" src=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/BYD-2-1024x610.jpg\" alt=\"\" class=\"wp-image-44022\" srcset=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/BYD-2-1024x610.jpg 1024w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/BYD-2-300x179.jpg 300w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/BYD-2-768x458.jpg 768w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/BYD-2.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Regarding a possible location in <strong>Spain<\/strong>, <strong>De Aza<\/strong> stated that this will depend on the competitiveness offered by the Spanish industry compared to countries in <strong>North Africa<\/strong> or <strong>Eastern Europe<\/strong>.<\/p>\n\n\n\n<p>He highlighted the industrial competitiveness of countries like <strong>Romania, the Czech Republic, or Slovakia<\/strong>, but also emphasized that <strong>Spain<\/strong> has significant industrial value and that its government, regardless of its political leaning, will fight to keep the automotive sector as one of the pillars of the national economy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-impact-of-tariffs\"><strong>Impact of Tariffs<\/strong><\/h2>\n\n\n\n<p>\u201cIt will be easy for Chinese manufacturers to capture a <strong>10% market share<\/strong>,\u201d he pointed out.<\/p>\n\n\n\n<p>The U.S.-based entity <strong>Citi<\/strong> updated its commercial outlook and strategies for the manufacturer, recognizing that it is poised to exceed its sales target of <strong>5 to 6 million units<\/strong> in <strong>2025<\/strong>, thanks to its expansion into various global markets.<\/p>\n\n\n\n<p>However, <strong>De Aza<\/strong> noted that the turbulent environment in the <strong>European industry<\/strong> makes it difficult to provide accurate forecasts.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"610\" src=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/BYD-2-1-1024x610.jpg\" alt=\"\" class=\"wp-image-44028\" srcset=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/BYD-2-1-1024x610.jpg 1024w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/BYD-2-1-300x179.jpg 300w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/BYD-2-1-768x458.jpg 768w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/BYD-2-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>He also highlighted that on <strong>January 1<\/strong>, the <strong>CAFE emissions regulation<\/strong> for manufacturers will come into force, which could lead to the closure of factories across the continent.<\/p>\n\n\n\n<p>According to the executive, the regulation will increase competition in the <strong>electric vehicle<\/strong> segment because traditional manufacturers will need to divert resources from combustion technologies to the electric vehicle business.<\/p>\n\n\n\n<p>In this context, <strong>De Aza<\/strong> remarked that the intentions of Chinese groups are focused on gaining market share from their local competitors, predicting that \u201cit will be easy\u201d for them to achieve a <strong>10% share<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The general manager of BYD for Spain, Alberto de Aza, confirmed that the brand will implement a pricing update starting January 1, 2025. In an interview with Europa Press, he explained that the measure is more related to inflation than to tariffs imposed on Chinese electric cars. However, to avoid tariffs, De Aza noted that&#8230;<\/p>\n","protected":false},"author":10,"featured_media":44026,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[2054],"tags":[1564,1281,1489],"class_list":["post-44032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-mobility","tag-electric-cars","tag-electric-mobility","tag-sustainability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BYD to Update Vehicle Prices Starting 2025 - Latam Mobility<\/title>\n<meta name=\"description\" content=\"The general manager of BYD for Spain, Alberto de Aza, confirmed that the brand will implement a pricing update starting January 1, 2025. 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