Baua Electric

MARCH 19, 2024

last week in China, BYD’s CEO Wang Chuanfu said at this rate, 50% NEV share could happen in the next three months. BYD chairman predicts 50% NEV share in China sooner “The penetration rate of NEVs crossed 48.2 About half of BYD’s sales are all-electric, while the other half are PHEVs.

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Baua Electric

JANUARY 12, 2024

BYD is significantly lowering EV prices in Germany to extend its global lead. The automaker slashed prices by up to 15% on its most popular EVs. BYD cuts EV prices in Germany in overseas expansion After overtaking Tesla in EV sales in the last three months of 2023, BYD aims to extend its lead in key markets.

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Baua Electric

JANUARY 29, 2024

After a record EV sales year, BYD expects to rake in at least $4 billion in net income. BYD forecasts its profits rising at least 75% last year. BYD expects at least $4 billion in 2023 net income BYD sold nearly 1.6 After dominating its home market and the world’s largest for EVs, BYD is quickly expanding overseas.

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Baua Electric

JANUARY 30, 2024

Nissan plans to produce lithium iron phosphate (LFP) batteries as it looks to lower EV prices. The move will put it in direct competition with BYD , the leading LFP battery maker. BYD’s Blade Battery is equipped on EVs being sold globally. The electric BYD Seal with BYD Blade has claimed range of up to 435 miles (700 km).

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Baua Electric

FEBRUARY 1, 2024

After topping Tesla in the final three months of 2023, BYD is starting the year off strong with EV sales rising another 50% in January. BYD EV sales momentum continues in January BYD sold 105,304 fully electric cars last month, up 48% from the 71,338 handed over last year. Production was only up 9% to 90,749 units.

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Baua Electric

FEBRUARY 29, 2024

The urgency is growing as European automakers are being far outdistanced by BYD and Tesla , the latter of which sells more EVs in Europe than any other brand. 2024 has so far served up a series of obstacles impacting EV sales, and automakers have been left scrambling. Get started here. FTC: We use income earning auto affiliate links.

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My Electric Car

FEBRUARY 15, 2024

BYD, the Chinese electric vehicle (EV) manufacturer, experienced a significant increase in EV sales in January, with sales growing nearly 50% compared to the same month last year. In January alone, BYD sold 105,304 fully electric cars, marking a 48% increase from the 71,338 vehicles sold in the previous year.

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Baua Electric

JUNE 4, 2024

China’s leading EV maker, BYD , is quickly gaining ground in overseas markets. BYD opened its first store in the Caribbean as its global expansion heats up. After setting a new weekly sales record in early May, BYD nearly topped its all-time sales record last month. Of them, nearly 146,400 were fully electric.

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Baua Electric

APRIL 9, 2024

After selling nearly 35,000 Seagull models in March, cumulative sales of BYD’s cheapest electric car topped 360,000. BYD sells over 360,000 units of its cheapest electric car BYD launched the Seagull on April 26, 2023. BYD is launching the Seagull as the “Dolphin Mini” in overseas markets. An EV for under $10,000?

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Baua Electric

MARCH 29, 2024

Leading EV maker BYD is quickly expanding overseas after dominating its home market. BYD is now set to begin production at its new EV plant in Thailand in the third quarter as it looks to accelerate overseas sales. BYD was Thailand’s best-selling EV maker last year.

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Baua Electric

AUGUST 7, 2024

BYD is leading the “Detroit of Asia’s” surging EV market, but Hyundai looks to grab its share. Hyundai to fend off BYD with EV plant in Thailand With EV sales surging in Thailand, Hyundai wants in on the action. BYD has maintained its momentum in 2024 with a 46% share of Thailand’s EV sales in the first quarter.

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Baua Electric

APRIL 24, 2024

Another fully electric BYD vehicle is set to debut this week. Ahead of its official reveal, BYD is teasing the upcoming Ocean-M electric car, which will be based on its new EV platform. BYD previews new Ocean-M EV ahead of its debut BYD is on a roll lately. Meanwhile, NEV sales (including PHEVs) reached 626,263, up 13.4%

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Baua Electric

FEBRUARY 7, 2024

Ford (F) assembled a “super-talented skunk works team” to build a low-cost EV platform. Ford is “secretly” developing a low-cost EV platform Following Tuesday’s Q4 and full-year 2023 earnings results, Farley explained that Ford is adjusting its capital while switching gears to focus on smaller EVs. billion last year.

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Baua Electric

MARCH 28, 2024

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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Baua Electric

SEPTEMBER 5, 2024

Sales of domestic EVs fell 39% in the first half of the year. According to the Japan Light Motor Vehicle and Motorcycle Association, domestic passenger EV sales totaled 29,282 through June 2024, down 39% from last year. Electric vehicle share of passenger vehicle sales slipped 0.7% from the first half of 2023 to 1.6%.

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Baua Electric

APRIL 1, 2024

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. New data shows sales are up while inventory is finally dwindling. billion last year.

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Baua Electric

MARCH 6, 2024

Chinese automakers like BYD are already stealing market share, but Kia is in talks over a new EV plant in Thailand that could help position itself as an early leader. Kia’s smaller EV5 , EV4, and EV3 will be priced below $50,000 to promote widespread adoption of EVs. Once up and running, BYD aims to produce 150,000 EVs a year.

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Teslarati

MAY 7, 2024

Both the Model 3 and Model Y are Tesla’s mass market cars and comprise the lion’s share of the company’s sales. Homegrown EV companies like NIO and Xiaomi have made China a very competitive market, and automakers like BYD are saturating China with low-cost new energy vehicles (NEVs).

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Baua Electric

APRIL 5, 2024

A new BYD and Mercedes-Benz co-branded luxury electric vehicle will roll out before the end of the year. Denza was founded in 2010 as a 50:50 joint venture between Mercedes-Benz (Daimler) and BYD. Mercedes has since reduced its stake to just 10%, leaving BYD with the other 90%. It’s expected to go on sale by the end of the year.

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Baua Electric

MARCH 15, 2024

Nissan and Honda are forming a new EV partnership after falling behind leaders like Tesla and China’s BYD. The new partnership comes as both automakers (and the Japanese auto industry) quickly fell behind EV leaders like Tesla and BYD. According to sources, the aim is to bring down EV prices to compete with low-cost leaders from China.

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Baua Electric

MAY 29, 2024

As EV sales surge in China, BYD’s workforce has expanded rapidly, adding nearly 500,000 employees since 2019. BYD’s workforce is now roughly double that of Toyota’s as China’s EV leader expands overseas. The report expects the EV sales surge to continue, with one in three cars projected to be electric in China in 2030.

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Baua Electric

JANUARY 22, 2024

Amid falling sales, Nissan’s CEO, Makota Uchida, is taking advice from his wife. EV leaders like Tesla and BYD are launching new models in key segments as adoption continues climbing. Source: Nissan) Nissan to reveal new EV plan amid falling sales Uchida aims to reveal a new midterm strategy by the end of March.

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Baua Electric

AUGUST 1, 2024

The Nissan, Honda, and Mitsubishi partnership comes as Tesla and Chinese EV makers like BYD continue expanding in key global markets, including Japan, taking market share. BYD is breaking into Japan’s seemingly impenetrable auto industry. Toyota’s sales are down 0.9% And that’s just one market.

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Baua Electric

APRIL 10, 2024

With EV electric vehicle sales surging in India, several automakers are looking to grab their share. Kia to launch new low-cost models, including Carens EV During its recent CEO Investor Day , Kia unveiled its new roadmap to becoming an electrification leader. They are part of a wide-ranging electric car line-up.

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EV Central

APRIL 9, 2024

Media reporting says Tesla has given up its plans of launching its entry-level Tesla Model 2 because of increased competition and the price war it is waging in China. Also applying pressure are the influx of rivals from Europe with car-makers like Renault and the Volkswagen Group announcing their own affordable EV priced at around $30,000.

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Baua Electric

APRIL 5, 2024

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan. million in 2030.

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Baua Electric

APRIL 5, 2024

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan. million in 2030.

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Teslarati

AUGUST 3, 2023

These include BYD, which outsell Tesla in China in terms of New Energy Vehicles (NEVs) sales. BYD’s sales of pure electric cars lag against Tesla’s, but in terms of raw NEV volumes, the Chinese automaker is far ahead of the American EV company.

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Teslarati

JULY 21, 2021

On Wednesday, the European Commission announced its plans to end the sale of polluting vehicles by 2035. Following the EU’s proposal to end the sale of ICE and hybrid cars by 2035, Goldman Sachs released a research note forecasting a 20% rise in EV sales for the next 20 years.

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Baua Electric

JULY 10, 2024

As it looks to cut costs amid falling EV sales, Volkswagen warned a possible Audi assembly plant closure in Brussels is an option. The move comes as Audi’s sales fell over 11% in the second quarter of 2024. to 7% after EV sales slid. VW faces stiff competition from domestic EV makers like BYD. 5: 86,800 VW ID.3:

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Baua Electric

APRIL 5, 2024

With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. Hyundai’s best-selling electric SUV, the IONIQ 5, set a new sales record last month, pushing EV sales up 100% over last year. 361 $43,656 SEL RWD 77.4

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Baua Electric

JULY 1, 2024

The growth was enough to top its previous monthly sales record, set in May with 20,544 deliveries. The delivery surge is due to rebounding auto sales in China, new models rolling out, and pricing adjustments. NIO new ET7 (Source: NIO) NIO also revealed its new low-cost Onvo L60 last month.

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Baua Electric

MARCH 6, 2024

Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union. BYD alone sold 1.6 million overall BEV sales.

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Baua Electric

MAY 8, 2023

Xpeng, Leapmotor and others have fired again with their very own reductions, moment BYD introduced a cut price of $1,000 on its market-leading Track Plus SUV, or about 4 p.c As an example, Geely’s top rate EV logo Zeekr priced its brandnew compact crossover Zeekr X from $27,500, 28 p.c

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Baua Electric

JANUARY 29, 2024

The EV4 is part of Kia’s “EVs for all” vision, with models priced from $30,000 to $80,000. Smaller EVs, like the EV3, EV4, and EV5, will be in the price range of $35,000 to $50,000. Woo-Jeong explained that EVs are the “biggest influence on Kia’s sales and profits.” Kia says this is to “accelerate widespread adoption of EVs.”

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Baua Electric

APRIL 11, 2024

It’s all part of the Chinese brand’s ambitious plan to set up three brands in Europe and launch three new models for each brand, all by 2026 – yet, unfortunately, Chery wants to bring ICE vehicles along with its low-cost EVs, including a luxury gas-burning SUV brand that it already sells in China.

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Baua Electric

JANUARY 5, 2024

VW Passenger Cars CEO Thomas Shaefer said the decision is to reduce costs. Shaefer told auto motor and sport only 80% of the maximum forecast sales volume for new models will be planned for production. If a new model generates higher sales, VW will add extra shifts to meet the demand, Shaefer explained.

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