Chinese car manufacturing and digital group BYD chairman and CEO Wang Chuanfu visited Israel final week, sources inform “Globes.” He can be an entrepreneur with estimated wealth of $18.4 billion. Chuanfu was in Israel for a secret go to because the visitor of Shlomo Motors, which imports BYD automobiles.
BYD is the world’s greatest producer of electrical autos. In the primary half of 2023, the corporate offered 1.23 million electrical autos and plug-in autos worldwide, up 88% from the identical interval final 12 months. The firm can be the second largest electrical automobile battery producer worldwide for producers in each China and overseas.
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Israel is the largest export marketplace for BYD autos with 12,170 automobiles offered right here between January and August 2023, whereas BYD sells extra electrical autos right here than another firm.
BYD is predicted to considerably develop its presence in Israel in 2024 and can quickly launch a sedan that may compete with the Tesla 3 in addition to its premium Denza automobiles.
Shlomo Motors declines to touch upon this report.
Also in Israel not too long ago was Huang Hongsheng, founder and chairman of business conglomerate Skyworth Group, which manufactures electrical autos and buses below the Skywell model. Skywell has already offered 1,400 electrical autos in Israel. Hongsheng who flew in on his non-public jet with an entourage of senior executives met with Minister of Economy and Industry Nir Barkat, Minister of Energy and Infrastructure Israel Katz and Mobileye CEO Amnon Shashua.
Skywell is contemplating establishing an auto-tech improvement middle in Israel in addition to investing in renewable vitality enterprises right here.
Another senior Chinese enterprise determine who visited Israel firstly of the week was Zhang Xianghi chairman of Sokon Group, which manufactures Seres and DFSK automobiles. Xianghi additionally maintain a senior place within the Chinese authorities and Sokon has a strategic collaboration with authorities automobile producer Dongfeng Motor Corporation.
Published by Globes, Israel enterprise information – en.globes.co.il – on September 7, 2023.
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