Volkswagen Denies BYD Interest in Taking Over Dresden Plant
VolkswagenSaxon Company recently refuted the relevant claims.BYDRumors about producing electric vehicles at Dresden’s “Transparent Factory.” Since its opening in 2002, the factory—renowned for its transparent architectural design—has become a local landmark and an industrial tourism attraction, as well as An important production base in Saxony. The factory ceased vehicle production in mid-December 2025, with the last model rolled off the line being the ID.3. Currently, part of the site is being transformed into a science and innovation platform in collaboration with the Technical University of Dresden.
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2026-05-07 10:57:27
Volkswagen Denies BYD Interest in Taking Over Dresden Plant
VolkswagenSaxon Company recently refuted the relevant claims.BYDRumors about producing electric vehicles at Dresden’s “Transparent Factory.” Since its opening in 2002, the factory—renowned for its transparent architectural design—has become a local landmark and an industrial tourism attraction, as well as An important production base in Saxony. The factory ceased vehicle production in mid-December 2025, with the last model rolled off the line being the ID.3. Currently, part of the site is being transformed into a science and innovation platform in collaboration with the Technical University of Dresden. -
2026-05-07 10:45:22
Plastic Continuous Main Contract Drops 4% To 8,134.00 Yuan
The main continuous contract for plastics fell 4% intraday, now quoted at 8134.00 yuan. -
2026-05-07 10:42:37
JPMorgan Expects Chinese Automakers To Capture 20% Of Western European Market By 2028
JPMorganIt is expected that Chinese automakers will account for 20% of the Western European market by 2028, with passenger vehicle sales in Western Europe possibly reaching about 2.5 million units by 2028, up from around 1 million units last year. Investors are advised to pay attention.BYD、 such as new energy vehicle companies with high overseas revenue or rapid growth. -
2026-05-07 09:57:20
US to Raise Tariff on EU Automobiles to 25%
President Trump recently threatened to raise tariffs on EU cars to 25%. In response, an industry insider specializing in tariff consultancy pointed out on the 5th that, due to the tariffs, some manufacturers outside the U.S. have already stopped or slowed down the ordering of raw materials from the U.S. Moreover, some companies have stated that they will not bear these tariff costs themselves but will directly pass them on to consumers. -
2026-05-07 09:53:56
CAAM: Auto Imports Decline in Volume and Value in March 2026
On May 6, according to data compiled by the China Association of Automobile Industries from the General Administration of Customs, in March 2026, the import of whole vehicles reached 28,000 units, declining 12.6% month-on-month and 28.9% year-on-year; the import value was 1.17 billion U.S. dollars, down 20.7% month-on-month and 39.6% year-on-year. For the first three months of 2026, the import of whole vehicles totaled 97,000 units, increasing 2.6% year-on-year; the import value was 4.44 billion U.S. dollars, decreasing 10.4% year-on-year.
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