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BYD will challenge Hyundai and Kia with low-cost EVs launching in South Korea

Baua Electric

China’s leading EV maker is set to drastically shake up the South Korean auto market. BYD officially announced plans to launch in South Korea with its low-cost EVs poised to challenge Hyundai and Kia on their home turf. The low-cost electric SUV starts at just $30,700 (42.08 Hyundai and Kia dominate the market.

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BYD to launch its smallest EV in Australia, hinting at low-cost Seagull arrival

Baua Electric

Is BYD bringing its cheapest EV to another overseas market? BYD will officially launch an electric car even smaller than the Dolphin in Australia, hinting it could be the low-cost Seagull EV. After dominating in its home market, BYD is looking overseas to drive growth. Fluctuating prices could damage that.

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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d in 2017.

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BYD surges past Honda and Nissan’s sales for the first time, targets Ford with low-cost EVs

Baua Electric

With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. After launching in key markets like Mexico, Brazil, Japan, Europe, Thailand, and other Southeast Asian countries, BYD is already a leading EV brand. BYD is now the world’s seventh-largest automaker. Will it be able to match BYD?

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BYD opens shop in the Caribbean with 10 new markets planned by the end of 2024

Baua Electric

China’s leading EV maker, BYD , is quickly gaining ground in overseas markets. The EV leader plans to enter ten new markets by the end of the year. The Seagull EV is already rolling out in overseas markets. BYD launched the “Dolphin Mini” (as it’s called overseas) in Brazil, starting at around $20,000 (99,800 BRL).

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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.

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Report: Toyota, Daihatsu To Develop Low-Cost Car For Emerging Markets

Green Car Congress

and sell it for less than ¥1 million (US$11,000) in India, Brazil, China and elsewhere starting in the first half of the next decade. This will mark the two firms’ first joint development of a strategic vehicle for overseas markets. The Nikkei reports that Toyota Motor Corp. Toyota currently holds a 51.2% stake in Daihatsu.

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