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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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Ford shows dealers new low-cost EVs, including sedans, crossover SUVs, and pickups

Baua Electric

Ford is doubling down on plans to launch low-cost EVs after showing dealers several new renderings. The latest images revealed electric sedans, crossover SUVs, and pickups that could hit the market to challenge Tesla and Chinese EV leaders like BYD. However, the company has been taking talent from all around the industry.

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NIO’s (NIO) new low-cost electric SUV paves the way for a ‘brand revival’ analyst claims

Baua Electric

The new low-cost electric SUV is crucial as NIO takes aim at market leaders like Tesla and BYD. NIO’s new low-cost electric SUV shines in debut On Thursday, NIO launched the Onvo L60 , officially kicking off its new mass-market brand. Source: CnEVPost FTC: We use income earning auto affiliate links.

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BYD had its slowest profit growth in two years in Q4

Teslarati

Chinese automotive giant and electric vehicle (EV) maker BYD posted its 2023 earnings results this week, with the company reporting its slowest quarterly growth rate in almost two years. In its full-year 2023 earnings report shared on Tuesday, BYD posted an 18.6 The $10,000 BYD Seagull EV is scaring the U.S. billion yuan (~1.2

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

Baua Electric

The move comes just as China’s largest EV maker, BYD , prepares to enter Canada. The sanctions mirror similar moves from the US and Europe to “protect domestic manufacturing” from the threat of low-cost EVs from China. Tesla and BYD were among the companies with rate drops. BYD’s rate was cut from 17.4% to just 9%.

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Hyundai takes aim at BYD with new EV and battery plant in this surging overseas market

Baua Electric

BYD is leading the “Detroit of Asia’s” surging EV market, but Hyundai looks to grab its share. Hyundai to fend off BYD with EV plant in Thailand With EV sales surging in Thailand, Hyundai wants in on the action. Hyundai’s EV plant comes as Thailand’s auto market quickly shifts to electric vehicles. The BOI has approved over $2.2

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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

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. BYD was Thailand’s best-selling EV maker last year.