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BYD is now the world’s largest automaker by R&D workforce after major hiring spree

Baua Electric

With over 900,000 employees, BYD aims to continue climbing the global sales charts as it advances new tech to promote longer-range, more affordable EVs. BYD Sea Lion 07, the brand’s first “mid-sized urban smart electric SUV” (Source: BYD) With new low-cost, efficient EVs hitting the market, BYD continues to see higher demand.

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BYD takes over as China’s largest auto group with low-cost EVs dominating the market

Baua Electric

Although BYD is best known for its affordable vehicles, the automaker is rapidly expanding its lineup with new pickup trucks, luxury SUVs, and electric supercars. With new plants planned in Hungary, Pakistan, Mexico, and Turkey, BYD is laying the groundwork to continue its dominant expansion.

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BYD just nabbed another ‘world’s first’ milestone as record sales run heats up

Baua Electric

New facilities are coming online soon in Hungary, Brazil, Pakistan, Turkey, and Mexico. Amid a wave of new competition and an intensifying EV price war in China, BYD is setting up shop in key overseas markets to drive growth. The company opened its first manufacturing plant in Thailand, a booming EV market.

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BYD overcomes China’s intense EV price war as record car sales lead to Q2 profit surge

Baua Electric

Despite slashing prices and launching more affordable EVs, BYD’s bottom line nearly doubled from the first three months of 2023 (+98%). It’s also planning to open facilities in Mexico, Hungary, Brazil, Turkey, and Pakistan. The EV leader posted revenue of RMB 176 billion ($24.7 billion) in Q4 2023. billion ($1.46

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BYD surges past Honda and Nissan’s sales for the first time, targets Ford with low-cost EVs

Baua Electric

Affordable EVs driving demand According to MarkLines (via Nikkei ), BYD’s new vehicle sales climbed 40% between April and June to 980,000. A big part of BYD’s surging sales numbers is its incredibly affordable electric cars. Ford has already announced it’s shifting to smaller, more affordable EVs as it looks to overcome massive losses.

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BYD is waiting for the US election to announce its new North American EV plant

Baua Electric

It’s also planning facilities in Pakistan , Turkey, Brazil, and Mexico. The Dolphin Mini begins at around $18,000 (358,800 pesos) in Mexico as one of the most affordable options on the market. To accelerate growth, BYD plans to open several new facilities outside of China for local manufacturing.

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