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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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CATL still dominates the EV battery market share in 2024, but BYD is gaining ground

Baua Electric

As global EV battery consumption continues rising, the most prominent players, including CATL and BYD, continue dominating the market in 2024. CATL still owns over a third of the market, but BYD looks to close the gap with new lower-priced EVs. Despite a slow start to 2024 due to the Chinese New Year, BYD saw solid sales growth.

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Here’s how China’s BYD is working on its image problem

Baua Electric

BYD is selling millions of EVs, famously outselling Tesla last year, and riding an enormous wave of success. And now, BYD is setting up its BYD-only shop in Germany. It’s a huge challenge for Chinese carmakers to make clear to Europeans that their cars are on par with Tesla, at a better price.”

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BYD nears huge Mexico EV plant deal with 50,000 sales in sight this year

Baua Electric

China’s leading automaker, BYD , is rapidly expanding its global footprint. BYD is closing in on a deal for an EV plant in Mexico, which is expected to be among the biggest in the region. After already becoming an EV leader in overseas markets like Thailand, Israel, and Australia, BYD is rapidly expanding its presence in South America.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. New subsidies, including for domestic battery manufacturing, and lower import and excise taxes, combined with the growing presence of Chinese carmakers, have contributed to rapidly increasing sales. China exported over 1.2

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Car Companies Standardize Plug for Electric Vehicles : Gas 2.0

Tony Karrer Delicious EVdriven

Some of the automakers include in that agreement are Volkswagen, BMW, Ford, General Motors, Fiat, Toyota and Mitsubishi. Caroline Reichert, a spokeswoman for the Germany energy company RWE , said leading automotive and energy companies have reached an agreement for a standardized plug for electric cars. by RSS or sign up by email.

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Report: BYD Plotting New EV Factory in Mexico

The Truth About Cars

China’s BYD is reportedly prepared to set up a new production facility in Mexico with the alleged plan to use the locale as an export hub for the United States. With BYD having previously voiced its global aspirations, setting up shop in El Águila Real seems like an obvious play. Overall, 1.36

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