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BYD takes over as China’s largest auto group with low-cost EVs dominating the market

Baua Electric

Although BYD was already the best-selling brand in China, it reached an even more significant milestone last month. After overtaking SAIC, BYD is now China’s largest auto group. Last month, BYD hit an even more significant milestone. Last month, BYD hit an even more significant milestone.

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

Baua Electric

China’s leading EV maker, BYD , sold more vehicles than Honda and Nissan for the first time in the second quarter. BYD is now the world’s seventh-largest automaker. With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. million in the second quarter, a slight increase from the 1.12

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BYD launches major hiring spree as record-breaking run heats up

Baua Electric

BYD went on a hiring spree over the past few months as sales and profits reached new levels. million new energy vehicles (EVs and PHEVs) in the third quarter, BYD’s net income surged to $1.6 As vehicle sales continue gaining momentum in China and overseas, BYD went on a major hiring spree to help fuel the expansion. billion).

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BYD unveils lavish interior for its new luxury Denza Z9 EV

Baua Electric

BYD’s new luxury electric sedan, the Denza Z9, will hit the market next month. Ahead of its November 15 debut, BYD released the first look at the interior of its new luxury EV. BYD Denza Z9 GT (Source: Denza) BYD’s new luxury EV will be offered in all-electric and PHEV variants. However, BYD’s figures do include PHEVs.

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BYD overcomes China’s intense EV price war as record car sales lead to Q2 profit surge

Baua Electric

Despite aggressive discounts on its electric cars in China, BYD’s bottom line nearly doubled in the second quarter compared to Q1 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

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BYD says EVs have entered the ‘knockout round’ with next-gen tech rolling out

Baua Electric

Global EV leader BYD believes new energy vehicles, including EVs and PHEVs, have entered the “knockout round” with gas-powered cars. BYD plans to more than double its overseas sales this year, as it aims for one million in 2025. Its next-gen DM-i system will enable an even more range at a lower cost.

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China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

BYD Atto 3 (Source: BYD) Europe and the US say that Chinese EV development is running wild and unchecked and on the verge of overwhelming the global market with, well, EVs the rest of the world can’t compete with. million fully battery-electric vehicles last year, overtaking Telsa in overall BEV sales.

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