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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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China’s leader EV maker, BYD, has held “active” discussions with lithium producer Sigma Lithium as it looks to expand its battery business.
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BYD is significantly lowering EV prices in Germany to extend its global lead. The automaker slashed prices by up to 15% on its most popular EVs.
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After overtaking Tesla in global EV sales in the last three months of 2023, BYD looks to continue its expansion. BYD’s first cargo ship has been delivered. The BYD Explorer No. 1 is the first Chinese-made ship designed to carry domestic EVs overseas. And it’s headed for Europe.
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After overtaking Tesla as the global EV sales leader in the last three months of 2023, BYD continues to expand. On Wednesday, the automaker’s luxury Yangwang brand unveiled its first sedan, the U7. BYD’s new flagship sedan will be a powerhouse with over 1,000 hp. But it won’t be cheap.
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The world’s largest EV maker, BYD, broke ground on its first sodium-ion battery plant this week. BYD is investing $1.4 billion (RMB 10 billion) with 30 GWh planned annual capacity.
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Tesla is no longer the world’s largest electric vehicle automaker by volume. BYD, which Elon Musk used to literally laugh at, overtook Tesla in overall battery-electric vehicle volume in Q4 2023.
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It was a huge year for profits at Chinese auto behemoth BYD. In 2023, the company sold 1.6 million fully battery-electric vehicles, coming close to Tesla’s projected goal of 1.8 million vehicles. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and plug-in hybrids, BYD sold a whooping 3 million vehicles in 2023.
Tesla and BYD are the two leading global EV makers. How do their electric cars stack up against one another in performance? Watch the Tesla Model 3 take on the BYD Seal in a drag race to see which comes out on top.
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As Chinese EV automaker Build Your Dreams (BYD) closes in on current global sales leader Tesla, a massive factor in its strategy includes expansions in the EU. Less than two months after BYD shared plans to expand passenger EV production to Europe, we now know that journey will begin in Hungary.
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The EV race is heating up as BYD looks to catch Tesla in global sales into the end of the year. Its newest electric SUV, the Song L, is aimed directly at Tesla’s sweet spot in the Model Y. The new BYD Song L scored over 8,000 orders in its first three days on the market.
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As we navigate the final half of the last month of 2023, there’s a genuine chance that Chinese automaker Build Your Dreams (BYD) will take the crown from Tesla as the leader in global BEV market share. A global technology research firm thinks so based on BYD’s continued growth that led to it catching Tesla in Q3.
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BYD officially launched its new entry-level electric SUV Friday. The BYD Song L, starting at around $26,700 (189,800 yuan), will rival Tesla’s Model Y in China.
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