![]() A BYD spokesperson also declined to comment to the US newspaper. However, the WSJ sources did not reveal how exactly this spending will be divided among development, factories and the different vehicle segments, such as buses, regional distribution trucks and long-haul trucks. BYD has set a budget of more than $20 billion for its commercial vehicle division through 2025, it said, with major spending planned on research, product development and expanding production capacity. This was reported by the Wall Street Journal, citing unnamed people familiar with the plans. The Chinese manufacturer will launch a series of new BEV commercial vehicle models in markets such as China, Europe and Japan over the next three years. ![]() ![]() BEV BYD China Electric buses Electric trucks Europe JapanīYD is planning a major push into battery-electric commercial vehicles, according to a media report.
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