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

Teslarati

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. While BYD said just last month that it has no plans to enter the U.S. auto market anytime soon , some U.S.

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BYD NEV sales up 262.9% YOY in October

Green Car Congress

BYD sold 88,898 passenger vehicles in October, increasing 90.9% In particular, the New Energy Vehicle (NEV) sales reached 80,003 units, soaring 262.9% By the end of October, the cumulative annual sales of BYD passenger vehicles topped 200,000 units. BYD introduced the e-platform 3.0 The e-platform 3.0’s

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BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. BYD Chairman and President Wang Chuanfu held an investors conference earlier this week. The Chinese automaker estimates account for some challenges BYD expects this year.

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BYD Seagull EV could help the Chinese automaker dominate Europe

Teslarati

The BYD Seagull electric vehicle might help the Chinese automaker dominate Europe. Earlier this month, BYD Europe announced its intention to triple its European market by 2025. The company’s Seagull SUV is primed to help BYD reach its goal in Europe. The BYD Seagull has a starting price below $10,000 in China.

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BYD offers discounts for Song and Seal as China's auto price war intensifies

CN EV Post

Consumers who order BYD 's Song Plus lineup this month will receive a discount of RMB 6,800, or RMB 8,800 for the Seal. Image from BYD's Weibo) As the price war intensifies in China's auto industry, BYD has also started offering discounts for its two models, even though the official prices remain unchanged.

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BYD profits decline 47% quarter-over-quarter in Q1 2024

Teslarati

BYD’s profits declined by 47% in the first quarter of 2024 compared to Q4 2023. BYD sold more than 300,000 battery electric vehicles (BEVs) in the first quarter, down from 526,000 in the fourth quarter of 2024. China’s ongoing EV price war has affected economic growth as automakers compete for more market share.

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BYD starts pre-sale of Seagull with prices starting at $11,460

CN EV Post

With a range of up to 405 km, the BYD Seagull is expected to be one of the vehicle choices for many families for short trips. Image credit: BYD) BYD (OTCMKTS: BYDDY) has started pre-sale for a mini electric vehicle that promises to be one of the vehicle choices for many families on short trips.

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