China’s BYD Says It Is Against Import of 5-Year-Old Used Vehicles

BYD Opposes Import of 5-Year-Old Used Vehicles in Pakistan

KARACHI: Chinese automobile importer BYD, a growing player in Pakistan’s new energy vehicle (NEV) sector, has expressed strong opposition to the government’s proposal allowing the import of five-year-old used cars. The company warns that this move could harm local manufacturing efforts and worsen environmental conditions. It also said it would increase Pakistan’s foreign exchange burden due to higher petroleum imports. At the launch of BYD’s new…

Tesla, Nio, BYD, Xiaomi Lead NEV Rankings in China, J.D. Power Study Shows

J.D. Power said on Thursday that consumer satisfaction with new energy vehicles (NEVs) in China reached a record-high industry average score of 806 out of 1,000 points. The ‘China New Energy Vehicle Product Appeal Index Study’ began in 2021 and this was the first time the score was above 800 points. Based on feedback from over 21,000 NEV owners surveyed within two to six months of purchase, domestic newcomer brands continued to outperform intern…

China’s BYD says it is against import of 5-year-old used vehicles

A Chinese automobile importer in the fast emerging new energy vehicle (NEV) market in Pakistan, BYD has opposed the government’s proposal to allow the import of five-year old used cars. It believes the step would not only disrupt local manufacturers but would also hurt the environment and increase demand for more foreign exchange to import expensive petroleum oil. Speaking at a media briefing at its recently opened ‘experience center’ in Karachi…