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

The Truth About Cars

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. The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 million units manufactured in 2022.

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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. Toyota Group remains the global auto industry leader, with an operating profit of $7.15 Toyota Group remains the global auto industry leader, with an operating profit of $7.15

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

Baua Electric

Electric vehicles accounted for over 50% of passenger vehicle sales in China in July. of the light vehicle market during the same period, according to the latest S&P Global Mobility figures. According to SNE Research , CATL (35.9%) and BYD (16.5%) led global EV sales in the second quarter based on shipment.

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BYD plots another overseas EV plant: Here’s why that could be a bigger deal than you think

Baua Electric

China’s leading automaker, BYD , is reportedly planning to build yet another EV factory overseas as it looks to take on new global markets. Although BYD briefly surpassed Tesla in late 2023 to become the largest global EV maker, Tesla quickly took back the title in 2024 and has held it ever since. By 2040, that number rises to 90%.

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Hyundai announces new Hail Mary EV production goal

Teslarati

Hyundai has announced it aims to become a top three global automaker by 2030, primarily through the production of electric vehicles. Hyundai and its subsidiary brands Kia and Genesis are top contenders in EV sales in many parts of the world, including in the United States, where the group has consistently ranked as a top three EV seller.

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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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KPMG survey finds global auto execs ranking fuel efficiency the top consumer priority

Green Car Congress

Fuel efficiency, safety innovation, and vehicle styling will be the three most important product issues influencing automotive consumer purchase decisions over the next five years, indicating a perceived shift in buying priorities, according to the 12 th annual global automotive survey conducted by KPMG LLP. Investments.

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