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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 allegedly closing the gap with Tesla with Q2 EV sales

Teslarati

Chinese electric vehicle (EV) automaker is allegedly closing the gap with Tesla after Q2 2024. BYD’s electric vehicle (EV) sales increased 21% in the second quarter. The Chinese EV automaker sold around 426,039 electric vehicles between April and June.

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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 New Sales Records in June and First Half of 2024

Electric Cars Report

BYD, a leading Chinese electric vehicle manufacturer, achieved record sales in June 2024. They surpassed their previous record set in December 2023 by selling a total of 341,658 plug-in vehicles, a 35% increase year-over-year. This includes both passenger cars and commercial vehicles.

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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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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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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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