BYD’s most affordable Seagull EV, starting under $10,000 (69,800 yuan), could arrive as the UK’s cheapest electric car. Although BYD has yet to confirm plans, UK leaders see a market for the low-cost “Lamborghini Mini” EV.
Expand Expanding Close
Tesla has officially regained the BEV global volume leader crown from BYD in the first quarter despite a tough one.
Could it point to issues in the Chinese EV market?
Expand Expanding Close
A mere eight months after initially launching its N7 SUV in China, BYD sub-brand Denza has followed up with a refreshed version with better technology and significantly lower starting prices. Initially targeting potential Model Y customers, the N7’s sales have yet to reach Denza’s expectations, leading to today’s new demand levers and some new subsidies for switching to the updated model.
Expand Expanding Close
China’s leading electric car maker, BYD, recorded over 300,000 EV sales in Q1 2024, up 13% over last year. Is it enough to maintain its lead over Tesla?
Expand Expanding Close
Amid an intense price war and lost market share to BYD and Tesla, China’s state-owned automaker SAIC Motor is reportedly making drastic job cuts this year at its joint ventures with General Motors and Volkswagen and at its EV unit – with mass layoffs a rare move for a China-owned company.
Expand Expanding Close
Leading EV maker BYD is quickly expanding overseas after dominating its home market. BYD is now set to begin production at its new EV plant in Thailand in the third quarter as it looks to accelerate overseas sales.
Expand Expanding Close
Global EV leader BYD believes new energy vehicles, including EVs and PHEVs, have entered the “knockout round” with gas-powered cars. BYD plans to more than double its overseas sales this year, as it aims for one million in 2025.
Expand Expanding Close
Chinese EV giant BYD just released its 2023 annual profit report, and it looks like it missed analyst estimates by a smidge, netting $4.16 billion (30.04 billion yuan) compared to the estimated $4.29 billion (30.94 billion yuan). Still, the company reported a more than 80% rise in net profit last year, so it is showing no signs of slowing down.
Expand Expanding Close
Global EV leader BYD launched a new version of its Seal electric sedan Monday, with starting prices around $25,000 (179,800 yuan). The Seal Honor Edition is BYD’s latest lower-priced EV to roll out, fueling its “liberation battle” against gas-powered cars.
Expand Expanding Close
Leading EV maker BYD shook the industry after unveiling the new Seagull (Dolphin Mini), with starting prices as low as $9,700 (69,800 yuan). Although BYD’s new EV, which earned the nickname “Lamborghini mini,” is not sold in the US, American automakers are taking notes.
Expand Expanding Close
China’s leading EV maker, BYD, is expanding its presence in Europe by launching its best-selling Atto 3 and Seal in Greece. BYD said more models are launching soon.
Expand Expanding Close
After new energy vehicles (EVs and PHEVs) crossed 48.2% last week in China, BYD’s CEO Wang Chuanfu said at this rate, 50% NEV share could happen in the next three months.
Expand Expanding Close
US chip-making giant NVIDIA is expanding ties with several Chinese automakers, including BYD, as the race for the best software and features heats up. BYD will use NVIDIA’s Drive Thor to power its next-gen EV fleet.
Expand Expanding Close
Nissan and Honda are considering teaming up to introduce more affordable EVs to compete with Chinese automakers like BYD. The partnership could include a new EV platform.
Expand Expanding Close
BYD is launching another lower-priced electric model. The Chinese automaker introduced the new BYD e2 Honor Edition, starting under $13,000, in its latest move to steal market share from gas-powered cars.
Expand Expanding Close
China’s BYD will challenge automakers in Europe with plans to triple its share in the EV market by 2025. After dominating its home market, BYD is expanding its brand overseas.
Expand Expanding Close
BYD is leading an offensive against ICE vehicles. A new report claims BYD’s new EV platform will slash costs even further as the automaker kicks off a “liberation battle” against gas-powered cars.
Expand Expanding Close
Can Kia challenge Toyota, which has dominated the market in Thailand, with affordable EVs? Chinese automakers like BYD are already stealing market share, but Kia is in talks over a new EV plant in Thailand that could help position itself as an early leader.
Expand Expanding Close
BYD’s cheapest electric car just got even more affordable. The EV maker is fueling its price war with gas-powered cars with the launch of its newest “mini Lamborghini” electric car. The BYD Seagull EV Honor Edition starts at $9,700 (69,800 yuan), 5% cheaper than the previous model.
Expand Expanding Close
After months of investigation, the European Commission says it has found evidence that China has been “unfairly” subsidizing the EVs it exports to Europe. Possible “remedies” on the table include retroactive tariffs on Chinese EVs.
Expand Expanding Close
After recently reducing prices of its refreshed Han and Tang models, Build Your Dreams (BYD) just launched a new version of its top-selling EV Yuan Plus – known as the Atto 3 in overseas markets – to $16,644 in China, making it one of the lowest-priced EVs out there.
Expand Expanding Close
While Build Your Dreams (BYD) continues to gain global attention for its latest EV innovations, the Chinese automaker is targeting its home turf for its latest strategy. Earlier today, BYD launched refreshed versions of its flagship Han and Tang models, stoking an ongoing EV price war overseas by slashing the MSRPs of the updated models.
Expand Expanding Close
According to BYD executive vice president and CEO of BYD Americas, Stella Li, the Chinese automaker has no plans to sell passenger EVs in the US. The leader called the market “interesting” but too complicated due to conflicting politics.
Expand Expanding Close
Global EV leader BYD is taking Europe by storm. BYD’s first cargo ship landed in Germany Tuesday, with about 3,000 vehicles set to roll out
Expand Expanding Close