China's BYD to Focus on Plug-in Hybrid Cars in European Expansion

The BYD logos are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. (Reuters)
The BYD logos are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. (Reuters)
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China's BYD to Focus on Plug-in Hybrid Cars in European Expansion

The BYD logos are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. (Reuters)
The BYD logos are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. (Reuters)

Hybrid technology will be key for the European expansion of Chinese EV giant BYD amid soft demand for fully-electric vehicles, the special adviser in the region for the manufacturer said on Monday.

BYD, China's top electric vehicle producer, entered Europe's passenger car market in 2022. It has an aggressive product roll-out plan for next year, which will help it expand its line-up.

Alfredo Altavilla, a veteran auto industry executive who has served as Fiat Chrysler's European chief, was appointed as BYD's special adviser for Europe earlier this year.

Hybrids will be "at the core of BYD strategy in Europe," he said on Monday during a product event in Italy.

Unlike US rival Tesla, BYD makes both pure and plug-in hybrid electric cars, which the automaker refers to as "dual mode".

"It would be stupid to go against the market, it's pretty clear where the market is going in Europe, especially in Southern Europe," Altavilla said, referring to a slowdown in EV demand this year.

"We'll of course have several EV models in our European offerings, but hybrids will be key for European customers".

Italy Country manager Alessandro Grosso, who moved to BYD in October from Stellantis, said plug-in hybrids currently account for around 70% of BYD sales in Europe.



ImpaQ Forum Kicks Off in Saudi Arabia’s Diriyah

Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
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ImpaQ Forum Kicks Off in Saudi Arabia’s Diriyah

Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)

Under the patronage of Saudi Minister of Media Salman Al-Dossary, the Impact Makers Forum (ImpaQ) kicked off in Diriyah on Wednesday, attracting a host of influencers, experts and content creators from around the world.

The opening ceremony featured a modern theatrical performance titled "The Butterfly Effect," celebrating the forum's message and its significance in various fields of influence.

In an opening speech to over 1,500 guests at the Diriyah Arena, Al-Dossary emphasized the growing role of influencers, highlighting the importance of leveraging this influence to foster creativity and innovation and to stimulate community and economic development.

"The Kingdom's Vision 2030, led by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, is a vision that has inspired the world and created impact," he stated.

"Influence can be a single word from a passerby that might forever change someone's life for the better. It could come from a street vendor striving to provide for his children, a loving father, or a great mother who performs miracles to instill values in her children," he remarked.

"Influence is not confined to platforms and screens alone. Look around you at work, in your club, in your neighborhood, at home, and you will see who has shaped your personality and life. ImpaQ celebrates them and all of you," stressed the minister.

The Impact Makers Forum, the largest of its kind in the Kingdom, is being held on a 23,000-square-meter venue and includes three main areas: "Innovation Space" hosting panel discussions and major events, "Impact Space" where influencers share their inspirational experiences, and "Lab Space" for creative and technical workshops.

The two-day forum features over 40 diverse activities across 14 areas of influence, including media, artificial intelligence, sports, tourism and culture. The event will attract over 30,000 visitors, making it a leading platform for exchanging expertise and showcasing success stories in various fields of influence.

The forum also allows international influencers through special tours organized in cooperation with the Saudi Tourism Authority, aiming to highlight Saudi Arabia's uniqueness and appeal. The opening ceremony was digitally streamed to over one million viewers.

The forum features a diverse and engaging agenda, including panel discussions and workshops, while fostering substantial interaction among participants and attendees. This dynamic atmosphere underscores the Kingdom's role as a global hub for inspiration and innovation in the area of influence.