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Price war helps electric vehicle sales rebound in May, as BYD eats into Tesla market share

The Driven EV News

EV sales see a rise with over 8,000 electric cars sold in Australia in May, but with BYD and other Chinese car makers eating into Tesla's dominant market share. The post Price war helps electric vehicle sales rebound in May, as BYD eats into Tesla market share appeared first on The Driven.

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BYD on incoming Chinese rivals: ‘We welcome the competition … technology will keep us on top’

EV Central

BYD’s Australian importer has declared itself ready and able to withstand the pressure of more than a dozen new Chinese brands arriving in Australia keen to emulate its sales and steal its market share. Since then the Chinese brand has added the Dolphin mini-car , Seal sedan and Sealion plug-in hybrid medium SUV.

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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. In the first two months of 2024, BYD delivered 325,706 cars, up 2.9%

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Tesla Model Y and BYD Atto 3 lead the way as Chinese-built electric vehicle sales soar in Australia

EV Central

The Tesla Model Y continues to lead the electric car surge in Australia, finishing fourth outright on the sales ladder in July. According to the official VFACTS figures, there were 3330 examples of the battery electric SUV sold in Australia last month. It also sits eighth for the year with 29,511 sales.

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BYD, Toyota jointly to develop battery electric vehicles for Chinese market

Green Car Congress

BYD Company Ltd. and Toyota Motor Corporation have signed an agreement for the joint development of battery electric vehicles (BEVs). Core parts for electrified vehicles such as batteries, motors and power electronics are among the products that BYD develops in-house.

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China’s BYD tops sales of 3 million EVs in 2023

Electrek

It was a huge year for profits at Chinese auto behemoth BYD. million fully battery-electric vehicles, coming close to Tesla’s projected goal of 1.8 million vehicles. more… The post China’s BYD tops sales of 3 million EVs in 2023 appeared first on Electrek. In 2023, the company sold 1.6

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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. The Chinese automaker has also had a challenging first quarter.

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