Chery & BYD Company

Chery: Chery acquired Nissan's Rosslyn plant in South Africa, marking a key move in its strategy to localize production in Africa. This enhances its market position and aligns with its global expansion.

BYD Company: BYD Company is expanding globally through technology licensing and local manufacturing, including licensing its e-platform to Toyota and blade battery technology to Hyundai Motor Company. This enhances its brand and market reach.

Chery: Chery is among Chinese automakers gaining European Union — Digital european market share, adding competitive pressure.

BYD Company: BYD is a key Chinese competitor that has overtaken Volkswagen in China and is gaining market share in European Union — Digital europe, contributing to VW's need to restructure.

Chery: Chery is coordinating with Canadian government agencies to complete procedures for shipping its EVs to Canada.

BYD Company: BYD Company is coordinating with Canadian government agencies to complete procedures for shipping its EVs to Canada and expects to start sales next year.