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Reuters reports Western automakers are bidding for military vehicle contracts and selling idle plants to defence firms as they try to use excess capacity. Executives and analysts say the opportunities are limited and unlikely to materially boost revenue.
BYD said it plans to launch its first heavy-duty truck in Europe next year and ultimately manufacture trucks locally, a senior executive said at the IAA trade fair in Hanover.
China aims for 40% of new truck sales to be electric by 2030, with companies like Sany expanding production and exports