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  Среда, 12 октября 2022 23:31

  By Aditi Shah
  
  NEW DELHI, Oct 11 (Reuters) - Warren Buffet-backed Chinese electric carmaker BYD launched its first passenger car
  in India on Tuesday, an electric sport-utility vehicle (SUV), marking its
  entry into the mainstream market amid a broader global expansion.
  
  BYD launched the Atto 3 electric SUV, fitted with its renowned Blade
  battery technology, with a plan to corner 40% of the country's electric car market
  by 2030.
  
  The move comes amid a wider global push by the Chinese carmaker
  which has begun selling EVs and plug-in electric hybrids in markets around the world, including Norway, New Zealand, Singapore, Brazil, Costa Rica and Colombia.
  
  
  
  Earlier this year, BYD said it would start selling its passenger EVs
  in Japan from 2023 and also set up a facility in Thailand to produce cars
  from 2024.
  
  "India will be one of the key markets in BYD's global portfolio," Sanjay Gopalakrishnan, senior vice
  president of electric passenger vehicles at BYD India, told Reuters.
  
  
  Over the next year, BYD intends to sell 15,000 units of the Atto 3 in India, where it has already invested over $200 million,
  and plans to set up a local manufacturing facility
  in due course, it said in a statement.
  
  Forecaster LMC Automotive expects BYD's global sales to grow to
  180,000 units by 2030 from an estimated 18,000 units in 2022, paling
  against the outlook for China sales that are projected to reach 2.6 million units by 2030 from an estimated 1.9 million units in 2022.
  
  
  
  BYD's India push comes amid tight scrutiny of investments
  from bordering nations, including China.
  
  Strict controls on such incoming investments forced Chinese carmaker Great Wall to shelve its $1 billion India entry plan.
  
  Gopalakrishnan said BYD already has a manufacturing plant in India where the annual capacity can go up to 15,
  000 units, indicating no immediate need for investment.
  
  
  Beyond that the company is "still exploring" what it needs to do, he said.
  
  
  The Shenzhen-based auto and battery producer, which includes Buffett's Berkshire Hathaway
  as an investor, has taken a cautious path to growing
  in India - a market it entered in 2007 producing batteries and components for mobile phone makers.
  
  
  In 2013 it started building buses with a local Indian partner
  and in 2021 it launched its e6 EV for corporate fleets.
  
  "The slow build strategy allows BYD to get a feel of the business environment and identify the challenges to then adapt its business model and strategy," said Ammar Master, senior manager, Asia Pacific Vehicle Forecasts at LMC.
  
  
  However, future investments may not be entirely easy given the
  current government protocols, he said.
  
  Electrification is gathering momentum in the world's fourth-largest car market, where
  domestic companies like Tata Motors, India's top-selling EV maker, and Mahindra
  & Mahindra are boosting their investments while global players like BYD
  and Kia Motor are bringing in premium models.
  
  (Reporting by Aditi Shah; Additional reporting by Zoey Zhang in Shanghai; Editing by Jacqueline Wong and Bernadette Baum)
  
  
  
  
  Lichtenberg Germany (http://www.sfb606.kit.edu/)
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