BYD

As BYD expands overseas, its latest target could spell trouble for Hyundai and Kia. BYD plans to sell electric cars in South Korea within the first half of this year. Its affordable EVs will compete with the Hyundai IONIQ 5, Kona Electric, and Kia EV6 on the South Korean automaker’s home turf.

A mere two years removed from its initial entry into new markets of Europe, Build Your Dreams (BYD) is looking to expedite its expansion with the help of Arval – a major vehicle leasing company overseas. The two companies signed a Memorandum of Understanding to become leasing partners and ensure more BYD passenger and light commercial EVs are available to drivers.

BYD is rolling out new electric models in different segments as it looks to stay on top of the EV sales market. BYD’s latest EV plans leaked, showing a new electric SUV rolling out in April to compete with Tesla’s top-selling Model Y.

Watch out, Toyota. BYD continues its dominant overseas expansion after accounting for over 20% of Japan’s EV imports last month. After launching just last year, BYD is already making its presence known as Japan lags behind the auto industry’s shift to electric.

Chinese EV leader BYD is launching its new in-house smart driving tech next month. According to local reports, the advanced ADAS feature will roll out by the end of March.

BYD is preparing to launch its first ultra-luxury electric sedan as part of its high-end Yangwang brand. Ahead of its official launch, the BYD Yangwang U7 specs were leaked with almost 1,300 horsepower and 500 miles (800 km) CLTC range.

After topping Tesla in the final three months of 2023, BYD is starting the year off strong with EV sales rising another 50% in January.

Just over a week after initially teasing a new compact SUV called the Yuan Up, Build Your Dreams (BYD) has posted several of the first official images of the new EV’s exterior. Expected to arrive priced in a range between $14,000-$20,000, the BYD Yuan Up has the making to be an ultra-affordable model in China, which could very well make its way over to other markets.

 
China’s BYD is selling millions of EVs, famously outselling Tesla in the last quarter of 2023, and riding an enormous wave of success. But not many Europeans (and practically no Americans) have ever heard of it, much less trust it as a reliable brand. But as the EV giant makes inroads outside of China, it is looking to change that, the old-school way, dealer by dealer.

Two months after announcing it had selected Hungary as the desired location of its first passenger EV production facility in Europe, Build Your Dreams (BYD) has completed a preliminary sales agreement for the Hungarian land those facilities should eventually sit atop. It should come as no surprise at this point that BYD is looking to get European EV production up and running quickly and is now moving one step closer.

After a record EV sales year, BYD expects to rake in at least $4 billion in net income. BYD forecasts its profits rising at least 75% last year.

A new Seal is slated to enter the EV race in Europe. BYD is launching its Seal U, an electric SUV version of the Seal sedan, to take on Volkswagen’s ID.4.

The BYD Tang is already due for an upgrade in Europe. Despite launching in Europe less than a year ago, BYD ‘s Tang is getting a bigger battery for more range and more.

Fresh off earning the crown as the best-selling brand in China, BYD has (briefly) introduced a new compact SUV to its Yuan family of EVs – one of the larger contributors to its overall sales last year. From what we’ve seen so far, the Yuan Up looks small but mighty, touting some of BYD’s best tech – all at an expected starting price that is sure to entice consumers.

China’s behemoth BYD overtook Volkswagen as the best-selling car brand in China last year, the first time any carmaker outsold the German brand since at least 2008.

Europe and the US say that Chinese EV development is running wild and unchecked and on the verge of overwhelming the global market with, well, EVs the rest of the world can’t compete with. But now China has said it will “rein in” some of its huge EV expansion in response to criticism of “unfair” industrial and trade policies.

Chinese EV behemoth BYD may bring two off-road electric SUVs sold in China to Europe that could rival the Land Rover Defender, the Mercedes G-Class, and Ford Bronco. BYD claims one can float on water for a full 30 minutes.

Chinese EV giant BYD – which has hired some 90,000 employees in R&D to ramp up its smart tech game – now has a new smart car system. Dubbed Xuanji, it offers functions like automated parking and voice recognition to better compete with Tesla and other rivals.

Tesla has slashed the prices of its Model Y across Europe this morning, after it reduced prices of its Model 3 and Model Y prices in China to undercut BYD, according to CNBC.

BYD’s answer to the Tesla Model Y is expected to begin rolling out in the first half of the year. Ahead of its official launch, the BYD Sea Lion 07 electric SUV’s specs have been revealed.

China’s leader EV maker, BYD, has held “active” discussions with lithium producer Sigma Lithium as it looks to expand its battery business.