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BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. Though it’s behind Tesla in global sales, BYD is king in China.

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Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market

Baua Electric

Hyundai is set to launch a new EV brand as it looks to gain its share of the largest market globally. The automaker is betting on custom EVs to revamp sales in the region. Fully electric vehicles accounted for over 23% of new car sales last year in China, with 6.68 South Korea’s Hyundai wants its piece of the booming market.

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Chinese language EV makers pin hopes on Europe’s auto sellers

Baua Electric

The a hit ones, like Toyota and Hyundai, handiest slowly crept upper within the ranks and not posed an actual blackmail to Volkswagen’s dominance. Tesla’s good fortune Now, the {industry}’s paradigm shift to EVs is developing unheard of alternative for newbies. “But it’s not impossible.”

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Hyundai breaks ground for third plant in China; total China capacity of up to 1M units by 2012

Green Car Congress

Hyundai Motor Company has begun construction of a third plant in China to respond to growing demand in the world’s largest automobile market. Beijing Hyundai Motor Company (BHMC), a 50-50 joint venture between Hyundai Motor and Beijing Automotive Industry Holding Co., 28 in Shunyi District, Beijing. million units.

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GM’s rosy year-end figures obscure the fact that legacy automakers are in deep trouble – Charged EVs

Baua Electric

Duplicitous doublespeak has become de rigueur dialect in the auto industry. “We We strongly believe in EVs,” say auto dealers as they support efforts to slow the EV transition. The latest example of Orwellian Newspeak comes from GM, which touted “another year of firsts” in its US Q4 and Full-Year Sales report.

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BYD would still have the cheapest EV in the US, even with a 100% tariff

Baua Electric

According to AutoForecast Solutions CEO Joe McCabe (via Nikkei ), BYD would still have the cheapest EV in the US, even with the new 100% tariff on Chinese electric vehicle imports. 2024 (Source: BYD) Chinese automakers, like BYD, have an advantage with established supply chains, enabling lower prices. In the US, EVs accounted for 8.5%

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Automakers whine about €15B fine they knew they’d risk for pushing gas cars

Baua Electric

And some are close to meeting them due to high EV or hybrid mix, like Kia, Hyundai and Stellantis. EV sales continue to go up, not down (+11% year-over-year in Q2 2024), which means demand continues to rise, not shrink, in spite of the many incorrect headlines stating otherwise.

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