- China's BYD Co. has mapped out a budget of more than $20 billion for its commercial-vehicle unit through 2025, with major outlays planned for research, product development and expansion of production capacity.
- BYD plans to introduce new commercial-vehicle models in markets including China, Europe and Japan.
- BYD believes its in-house battery, called a 'blade battery', can address the issue of battery weight for big trucks.
- BYD operates commercial-vehicle factories in countries including Brazil, Hungary and India in addition to several plants in China.
- Isuzu Motors Ltd. and Mercedes-Benz Group AG have also introduced electric light-duty trucks and vans, respectively.
Tesla Rival BYD Plans Big Commercial-Vehicle Push
Chinese EV maker has budgeted tens of billions of dollars for commercial-vehicle unit as it looks to expand overseas
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