Baua Electric

MARCH 14, 2024

MG will also expand its dealer network in France to 200 outlets this year, from around 160 now, ensuring any MG customer is no more than 30 minutes from a sales and repair centre, the spokesperson said. According to French auto consultancy Inovev, MG sold two out of three Chinese-made cars in Europe last year, with sales of 230,000 cars.

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Baua Electric

JUNE 17, 2024

In addition to expanding its own retail footprint, Polestar is deploying new non-agency sales models and has announced seven new markets it will begin selling to next year. Since that debut, the automaker has announced several new models in its pipeline, including the Polestar 3 , which will soon begin sales and deliveries.

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Baua Electric

FEBRUARY 3, 2025

With overseas sales surging 83% last month, BYD is looking for even more market share in 2025. BYD sets new overseas EV sales record in January 2025 BYD sold over 300,500 new energy vehicles (NEVs) last month, up nearly 50% from January 2023. BYDs commercial vehicle sales reached 4,092, up 793% from January 2023 (474).

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Baua Electric

AUGUST 28, 2024

BYD credited the Q2 profit surge to rebounding vehicle sales, which reached a new record. BYD record vehicle sales lead to higher Q2 profits BYD announced net income reached RMB 9.06 billion), driven by higher vehicle sales. Although most of BYD’s sales are still in China, the company is quickly expanding overseas.

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Baua Electric

NOVEMBER 18, 2024

After its fifth straight record sales month, BYD is now closing in on top global automakers like Ford. October was BYD’s fifth straight record-breaking month for NEV sales, including plug-in hybrid (PHEV) and battery electric (EV) models. New facilities are coming online soon in Hungary, Brazil, Pakistan, Turkey, and Mexico.

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Baua Electric

AUGUST 23, 2024

Affordable EVs driving demand According to MarkLines (via Nikkei ), BYD’s new vehicle sales climbed 40% between April and June to 980,000. A big part of BYD’s surging sales numbers is its incredibly affordable electric cars. Meanwhile, much of BYD’s success this year is thanks to growing overseas sales.

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Baua Electric

JANUARY 3, 2024

Chinese automaker BYD has concluded 2023 with record-breaking sales, which surpasses the 3 million annual sales target and retains its position the global new energy vehicle (NEV) sales champion, for the second year in a row. This year also marks BYD being listed among the global top 10 of car sales for the first time.

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Baua Electric

DECEMBER 16, 2024

BYD Auto will be celebrating 22 years of operation next month, and the OEM has been wielding all that production expertise in a big way in recent years specializing in developing and delivering a slew of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) it collectively classifies as new energy vehicles (NEVs).

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Teslarati

MARCH 31, 2024

During its announcement, BYD highlighted that it is focused on the Thai auto market. The company also started pre-sales of the pre-sales for the Denza D9, an MPV. The company is also constructing car factories in Hungary and Brazil. BYD’s Thai plant held its groundbreaking ceremony in March 2023. million units.

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Baua Electric

MARCH 12, 2024

However, the company is “just getting started” in the region, says Europe CEO Michael Shu, and expects to ramp up sales quickly. Europe is much different from other key auto markets like China or the US, with several legislations and languages. BYD aims for a 5% share of EV sales in Europe, even before production begins in Hungary.

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Baua Electric

JANUARY 8, 2024

The sales unit price for the actual transaction will be determined by applying the price of raw materials (nickel, cobalt, lithium, etc) at the time of the contract period, with periodic price adjustments. The contract runs from 2024 through 2028. EcoPro’s NCA and NCM 811 cathodes are its main cathode series.

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Baua Electric

MARCH 21, 2024

After admitting that ramping sales in the region will take time, Shu said BYD aims to more than triple its market share. Even before it begins producing vehicles at its Hungary plant. To speed up output, it will also build battery packs in Hungary. FTC: We use income earning auto affiliate links.

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Baua Electric

NOVEMBER 1, 2024

BYD sales topped the 500,000 mark in October, its first time achieving the feat. After its fifth consecutive record sales month, will BYD take the global EV lead over Tesla this year? October was BYD’s fifth straight record-breaking month for NEV sales. October was BYD’s eighth straight month with higher PHEV sales.

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Baua Electric

OCTOBER 9, 2024

BYD expands in the North American market with new EVs After dominating in its home market, BYD is looking overseas to drive sales growth. BYD opened its first plant in Thailand in June and plans to open several more in Pakistan , Turkey, Brazil, and Hungary. FTC: We use income earning auto affiliate links.

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Baua Electric

JANUARY 24, 2024

They will also be built at Debrecen, Hungary, Shenyang, China, and San Luis Potosí, Mexico. EVs accounted for 15% of total sales in 2023. Ford and GM may foresee an EV sales slump, but Mertl is having none of it: “The current sales plateau of combustion cars will continue and then fall off slightly.”

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Baua Electric

MAY 16, 2024

BMW still aims for about 50% global EV sales by the end of the decade, in line with a plan the automaker rolled out in 2021 , but still isn’t ready to declare an end date for internal combustion. The post BMW sticks to 50% EV target by 2030—not including hybrids, PHEVs appeared first on Bauaelectric Auto News.

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Baua Electric

SEPTEMBER 16, 2024

of global EV battery sales in the second quarter. of global battery sales. CATL is planning new factories in Germany, Thailand, Hungary, Indonesia, and two in the US (Ford and Tesla). Source: CnEVPost , CATL FTC: We use income earning auto affiliate links. China’s BYD was second with 14.7%

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Baua Electric

JULY 30, 2024

Thirteen Member States now generate more electricity from wind and solar than from fossil fuels, with Germany, Belgium, Hungary, and the Netherlands hitting that milestone for the first time. Hungary set consecutive monthly records for solar generation in April, May, and June 2024. Get started here.

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Baua Electric

AUGUST 16, 2024

Despite new tariffs on Chinese EV imports in the US and Europe, BYD is widening its lead in key auto markets like Southeast Asia and South America. It’s even cracking into Japan’s auto industry, a market dominated by Toyota. It’s also planning to build factories in Hungary, Brazil, and Turkey. By 2040, that number rises to 90%.

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Baua Electric

JANUARY 19, 2024

So Europeans can get an up-close look at the SUVs, the company plans to showcase them at the Geneva auto show in February. Last December, the automaker said it would build a factory in Hungary for the European market, with an initial capacity of 200,000 units a year. FTC: We use income earning auto affiliate links.

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Baua Electric

OCTOBER 31, 2024

BYD teases new luxury EV interior ahead of its debut The company’s head of brand sales, Zhao Changjiang, confirmed Denza would launch the Z9 at the 2024 Guangzhou Auto Show on November 15. The new luxury EV will follow the Denza Z9 GT , which opened pre-sales in August, starting at $47,700 (339,800 yuan).

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Baua Electric

JANUARY 17, 2024

VW reports BEV sales of 70,628 units last year, a 12% increase, compared to Tesla’s 63,685, a 9% drop. BYD only sold 4,140 cars in Germany in 2023, but is looking for 10% market share after its factory in Hungary starts production in a few years. FTC: We use income earning auto affiliate links. However, Tesla lost its No.

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Baua Electric

JANUARY 20, 2025

The worlds largest electric vehicle maker is becoming a force in the global auto market. Tesla topped BYD by about 25,000 units last year for the global EV sales crown. According to the auto association, the EV giant sold nearly 15,500 vehicles last year, its first full sales year. After selling a record over 4.27

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Baua Electric

JUNE 12, 2024

BYD revealed the new Ocean-M at the Beijing Auto Show in April, calling it the first RWD performance electric hatch. Sales are expected to kick off in the next few months, with exports likely in 2025. Its Hungary plant is already under construction and is expected to begin production next year.

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Baua Electric

MAY 22, 2024

Although higher NEV sales typically equate to more growth for CATL, rival BYD is quickly gaining market share, negatively impacting CATL. The two new factories will be in addition to CATL’s plans for six overseas factories already announced: Germany, Thailand, Hungary, Indonesia, and two in the US (with Ford and Tesla).

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Baua Electric

MARCH 29, 2024

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 set to begin EV production in Thailand in Q3 After showcasing its full range of brands at the Bangkok Auto Show this week, BYD said it will kick off EV production in the country in Q3.

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Baua Electric

NOVEMBER 4, 2024

BYD went on a hiring spree over the past few months as sales and profits reached new levels. As vehicle sales continue gaining momentum in China and overseas, BYD went on a major hiring spree to help fuel the expansion. Through October, BYD’s NEV sales topped 3.25 FTC: We use income earning auto affiliate links.

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Baua Electric

JUNE 6, 2024

The new factories come in addition to the six already planned in Germany, Thailand, Hungary, Indonesia, and two in the US. Despite a slow start to 2024 due to the Chinese New Year, BYD saw solid sales growth. Samsung’s growth was boosted by higher BMW i4, i5, iX, and Rivian R1T and R1S sales. BYD ranked second with a 15.4%

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Baua Electric

NOVEMBER 21, 2024

In October, BYD sold over 500,000 new energy vehicles (NEVs), its fifth straight record sales month and the first time it has crossed the half-million mark in a single month. With China’s auto market becoming flooded with low-cost competitors, BYD is looking to key overseas markets to drive growth.

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Baua Electric

JULY 6, 2024

per cent of car sales last year in Turkey, a country with a population of almost 90 million. Its first car factory for Europe, in Hungary, is under construction. The EU moved ahead this week with plans to impose provisional tariffs on electric vehicles imported from China, hitting BYD with an additional 17.4

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Baua Electric

JANUARY 11, 2024

Vision Neue Klasse Vision sedan On the heels of announcing its record year in sales of all-electric vehicles last year, BMW says it is now investing $711 million (€650 million) to convert its main factory in Munich to exclusively produce electric vehicles by the end of 2027. It expects to sell half a million BEVs this year.

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Baua Electric

AUGUST 19, 2024

Although IONIQ 5 and 6 sales slipped last month, they are still up 25% and 54% year-to-date, respectively. Meanwhile, sister company Kia continued its record-setting performance in July after EV sales nearly doubled YTD. According to Kelley Blue Book , Kia EV9 sales outpaced the Toyota bZ4X, VW ID.4, Hyundai invested around $7.6

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Baua Electric

JUNE 17, 2024

Hyundai’s top-selling IONIQ 5 set a new monthly sales record in May, with 4,449 units sold. Hyundai’s IONIQ EV brand sales are up 42% YOY as of May. 2024 Hyundai IONIQ 5 interior (Source: Hyundai) Although the battery unit will come online about a year later, it will be sourced from Hyundai’s Hungary plant.

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Baua Electric

OCTOBER 30, 2024

It’s official: The European Union is moving ahead with increased tariffs on Chinese-made EVs to as much as 45.3% – in an effort to save its auto industry from total demise. Subsidized solar panels have also wiped out European solar producers , and European governments are hoping the auto industry can avoid the same fate.

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Baua Electric

MARCH 4, 2024

cheaper than the final sale price of its predecessor, reports Reuters. However, Geely and BYD are making the biggest impact outside of China, too, with BYD pushing international growth with its plans to build an EV factory in Hungary and Mexico, and other automakers are looking to set up production in Europe as well. Get started here.

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Baua Electric

JANUARY 22, 2024

million fully battery-electric vehicles last year, overtaking Telsa in overall BEV sales. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and plug-in hybrids, BYD sold 3 million vehicles in 2023. FTC: We use income earning auto affiliate links.

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Baua Electric

MARCH 28, 2024

BYD plans to more than double its overseas sales this year, as it aims for one million in 2025. We reported earlier this month that BYD looks to crush gas-powered car sales with its newest platform. For example, BYD is building a plant in Hungary that will “be Europe, for Europe.” FTC: We use income earning auto affiliate links.

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