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China’s BYD Enters South Korean EV Market with Premium Electric Truck T4K

China’s BYD Enters South Korean EV Market with Premium Electric Truck T4K

SEOUL, April 6 (Korea Bizwire) — China’s largest electric vehicle manufacturer, BYD, has introduced its T4K electric small truck to the South Korean market through its official importer, GS Global. At a showcase event in Seoul on Thursday, BYD’s 1-ton electric truck was unveiled, and it was announced that sales would commence. Surprisingly, BYD set [...]

SK Buys Stake in BYD’s Chip Unit

SK Buys Stake in BYD’s Chip Unit

SEOUL, June 16 (Korea Bizwire) — SK Group, South Korea’s third-largest conglomerate, said Tuesday it has secured a stake in a chipmaking unit of China’s largest electric vehicle (EV) producer BYD. SK China Co., one of the group’s China-based affiliates, acquired a 1.47 percent stake in BYD Semiconductor for 150 million yuan (US$21 million). BYD [...]

S. Korean Firms Expected to Benefit from China’s State Subsidy Cuts

S. Korean Firms Expected to Benefit from China’s State Subsidy Cuts

SEOUL, Sept. 3 (Korea Bizwire) — South Korean manufacturers of car batteries are anticipated to benefit from Beijing’s latest move to cut subsidies provided to Chinese companies, industry watchers said Monday. Chinese-based electric car battery maker OptimumNano Energy recently announced that it will suspend its production line for six months citing financial problems. BYD, China’s [...]