Tech

BYD Atto 3 electric SUV with Blade battery technology launched in India


On Tuesday, China’s Warren Buffet-backed electric car maker BYD launched India’s first passenger car, an electric sport utility vehicle (SUV), marking its entry. popular market in the context of global expansion.

BYDsold electric buses and trams (EVs) for the company’s fleets in India, launched the Atto 3 electric SUV, powered by BYD’s renowned Blade battery technology, in the world’s fourth-largest car market, where Tata Motors dominate electric vehicle sales.

“We plan to sell 15,000 units of the BYD-Atto 3 in India next year and plan to establish a local manufacturing facility in due time,” said BYD India CEO Ketsu Zhang. in a statement, adding that the company has invested more. over $200 million (approximately Rs 1,700) in India.

The move comes as the Chinese carmaker, which is pushing more globally, has begun selling electric cars and electric hybrids in markets around the world, including Norway, New Zealand and New Zealand. Zealand, Singapore, Brazil, Costa Rica and Colombia.

Earlier this year, BYD said it would start selling passenger electric vehicles in Japan from 2023 and also plans to set up a facility in Thailand – the latest of 30 in the US. Brazil and India – to produce 150,000 vehicles per year. from 2024. It launched the Atto 3 electric SUV in Thailand on Monday.

BYD’s push into India also comes at a time when the South Asian country continues to maintain close scrutiny of investments coming from bordering countries, including China.

Tight controls on upcoming investments forced Chinese carmaker Great Wall Motor to shelve a plan to invest $1 billion (about Rs 8,250) in India earlier this year. after regulatory approval is not obtained.

BYD has two manufacturing plants in India, spread over 140,000 square meters with more than 3,000 employees, Zhang said. A source familiar with the company’s plans said no new investment would be required to assemble and sell the Atto 3.

The Shenzhen-based auto and battery maker, which includes Buffett’s Berkshire Hathaway as an investor, entered India in 2007 to manufacture batteries and components for mobile phone makers. from a factory near the city of Chennai in the south of the country.

In 2013, they started domestic bus production with a local Indian partner and launched the e6 EV in 2021 to sell to operators and company fleet owners.

© Thomson Reuters 2022


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