European car buyers are in for a rude awakening: the average new-vehicle price is on the rise, driven by a perfect storm of global supply chain disruptions, increasing demand, and a shortage of semiconductors. As the global automotive industry grapples with these challenges, Chinese electric vehicle (EV) manufacturer BYD is poised to expand its presence in the region, with plans to establish a second manufacturing plant in Europe. The move is seen as a strategic bid by the company to tap into the growing demand for eco-friendly vehicles on the continent. With BYD's affordable EVs already gaining traction in European markets, the company's expansion plans are likely to have significant implications for the region's automotive landscape.
Average new-vehicle price | BYD eyes second Europe plant (Jake Neher) ...
