Will BYD build cars in USA
CarBuzz
Build Your Dreams (BYD) is considering establishing a plant in Mexico to increase its presence globally. BYD's manager in the region, Zhou Zou, spoke to Nikkei about the plans, with the plant pegged as a potential export hub to the US.
The location of the new BYD plant has not been revealed at this point, but the company has reportedly started a feasibility study for the manufacturing hub. Negotiations with local and national officials are also reportedly underway.
The Warren Buffett-backed company paused its initial plan to sell cars in America last year due to the Inflation Reduction Act (among other reasons), which puts a significant roadblock on vehicles imported from the People's Republic, but now it seems that BYD is trying to adapt to those rules.
The race to become the world's biggest EV maker was intense in 2023, with Tesla coming out on top with 1.81 million vehicles delivered. BYD came in second (discounting its PHEVs), with the bulk of its EVs produced and sold in China.
If BYD's Mexican plant pushes through, the company will benefit from lower tariff costs as part of the US-Mexico-Canada Agreement. With assembly in North America, a break from the Inflation Reduction Act could also be expected if every battery component is sourced from within the US or one of its trade partners.
Of course, a new company entering the market will likely offer other financial incentives to help get the first few examples out the door, and after that, the products should speak for themselves.
Plenty of candidates from the automaker's lineup could attract new buyers. The BYD Dolphin is one of the best-selling EVs in China, while the Seal, a Tesla Model S competitor, would be an interesting proposition with its sleek styling and impressive performance. The Dolphin and Seal are both 2024 World Car of the Year finalists.
The company's luxury EV division, Yangwang, also offers exciting vehicles, including some that have features we've never seen elsewhere, like the U8 supercar and its novel suspension that can hop and self-level the car. Elsewhere, the U7 launched last month has the Porsche Taycan in its sights.
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Ground-breaking BYD EV Technology developed for safety, efficiency and performance
TheBYDATTO 3 is the first SUV to be built on BYDs ultra-intelligent, next-generation e-Platform 3.0 for the ultimate in safety, system efficiency, integrated vehicle intelligence, performance. It also creates larger cabin space.BYDs new generation e-Platform 3.0 is at the forefront of EV innovation, and comprises the worlds first mass-produced highly integrated 8-in-1 electric powertrain connecting all electric control units and management systems. Such seamless deep integration delivers overall system efficiency of 89%.
Other core features at the heart of the e-Platform 3.0 are the BYD Blade Battery and the high-efficiency heat pump.
Featuringthe industrys first direct cooling and heating system for power batteries, increasing thermal efficiency by up to 20% in the winter, the innovative system leverages the residual heat from surroundings. With intelligent thermal management, efficiency is achieved in a wide range of temperatures with excellent low temperature driving range.
The BYD ATTO 3 also utilises ground-breaking battery technology, evolving from over 28 years expertise in this specialist sphere, providing new levels of safety, durability and performance, as well as increased battery space utilisation. The revolutionary, ultra-safe Blade Battery has surpassed the Nail Penetration Test, regarded as the Mount Everest of battery safety tests. The cobalt-free Blade Battery uses Lithium Iron-Phosphate (LFP) as its cathode material, which offers a much higher level of safety than conventional lithium-ion batteries. LFP has inherently excellent thermal stability and significantly, is cobalt-free. LFP is also a very durable material.
Efficiency and longer range are further benefits of the Blade Battery, providing more power density for optimum performance and efficiencies, including faster charging.
Optimum Performance and Handling for a Better Driving Experience
Combined, this integrated technology has been developed to deliver optimum performance and a better driving experience. With the 60.48 kWh Blade Battery combined with the permanent magnet synchronous motor, the BYD ATTO 3 can accelerate from 0 to 62 mph in just 7.3 seconds.
Impressive Charging, Range and Efficiency
BYD ATTO 3 has a reassuring combined WLTP electric range of 260 miles and 351 miles city range with energy consumption as low as 3.98 miles/kWh (WLTP) and 5.13 miles/kWh (city). Charging power is 11 kW AC 3(Comfort and Design). High performance is also achieved when it comes to recharging. With a 150KW DC charger, the battery can be replenished from SOC 30% to 80% in just 29 minutes. Overnight charging from an almost empty battery to full range can be completed in just 6.5 hours. BYD ATTO 3 (all three trims) is also equipped with VtoL function so external devices can easily be charged by the car battery.
Ultra-Safe with High Levels of Standard Equipment
BYD is committed to innovation for safer driving, and that is why the BYD ATTO 3 has a comprehensive suite of standard safety and driver assistance equipment. BYD ATTO 3 scored Five-Star Rating in Euro NCAP Safety Tests. It achieved a score 91% for adult occupant protection and 89% for child occupant protection.
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