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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. While BYD said just last month that it has no plans to enter the U.S.

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Toyota plots new EV battery plant to fend off incoming BYD, low-cost Chinese EVs

Baua Electric

Toyota is planning to build a new EV battery plant on Japan’s “Silicon Island” to keep pace with BYD and other incoming Chinese electric car makers. Although Toyota has been one of (if not the) biggest laggards in the global shift to electric cars, the Japanese automaker realizes it needs to compete with Chinese EV makers like BYD.

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Canada to slap 100% tariff on Chinese EVs just as BYD preps for market debut

Baua Electric

Canada is set to impose a 100% tariff on Chinese EVs, following similar moves by the US and Europe. The move comes just as China’s largest EV maker, BYD , prepares to enter Canada. Prime Minister Justin Trudeau told reporters on Monday that Canada will enforce a 100% tariff on Chinese EVs. proposed in June.

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VinFast launches its cheapest VF3 EV overseas to take on low-cost Chinese EV makers

Baua Electric

A new low-cost electric car is rolling out to global markets, and it’s not from China. Premium paint colors will cost 20,000 pesos ($1,000) following the promo. VinFast VF 3 interior (Source: VinFast) VinFast’s mini electric SUV will challenge low-cost EVs from China in the Philippines. With an 18.64 It is available with 49.9

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BYD, Chinese EV makers account for +40% of German EV imports ahead of new tariffs

Baua Electric

Chinese EV makers, including BYD , accounted for over 40% of German EV imports through April 2024. Despite Chinese electric vehicle imports slipping 15.7% According to data released by the German statistics office Tuesday (via Reuters ), German EV imports from Chinese automakers like BYD reached 31,500 through April 2024.

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Mexico Won't Offer EV Incentives to Chinese Automakers

The Truth About Cars

Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. They also want to take action to protect American EVs from cheap or subsidized Chinese models.

Mexico 104
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Former BYD exec to advise Reliance Infrastructure’s potential EV production investment in India

Teslarati

Former BYD executive Sanjay Gopalakrishnan is a consultant for India’s Reliance Infrastructure as it considers locally producing electric vehicles (EV) and batteries. Gopalakrishnan retired from BYD earlier this year. He spent two years with the Chinese automaker, helping the company set up its EV business in India.

India 96