Chinese emerging car maker BYD grew production by an astonishing 211% last year to overtake Tesla and is well placed to begin European assembly, reports StockApps. com.
As the car maker prepares to build over 2M EVs this year, StockApps financial analyst Edith Reads said, “BYD’s success is attributed to several factors, including China’s increasing focus on electric vehicles, the company’s tightly integrated supply chain for important components and a growing consumer preference for affordable yet high-quality cars, especially in light of an impending economic downturn.”
Average used EV prices have tumbled by more than £4,500 since January, despite the wider second-hand market being in good health.
That is according to the latest Auto Trader Retail Price Index which has been investigating the latest trends in used car values.
Some fleets are starting to take service, maintenance and repair management back in-house, reports FleetCheck, in a reversal of a trend towards outsourcing that has been underway for decades.
Peter Golding, managing director at the fleet software specialist, explained that the move was being prompted both by both electrification and the general ageing of the fleet vehicle parc that was currently underway.