Baua Electric

SEPTEMBER 13, 2024

China’s BYD now has the world’s largest R&D workforce of any automaker after its latest hiring spree. With over 900,000 employees, BYD aims to continue climbing the global sales charts as it advances new tech to promote longer-range, more affordable EVs. BYD sold 980,000 vehicles in Q2, representing a 40% jump from last year.

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Baua Electric

AUGUST 28, 2024

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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Baua Electric

AUGUST 26, 2024

The move comes just as China’s largest EV maker, BYD , prepares to enter Canada. The sanctions mirror similar moves from the US and Europe to “protect domestic manufacturing” from the threat of low-cost EVs from China. Tesla and BYD were among the companies with rate drops. BYD’s rate was cut from 17.4% to just 9%.

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Baua Electric

AUGUST 1, 2024

BYD set a new sales record last month with over 342,000 new energy vehicles (NEVs) sold. Although BYD’s EV sales fell slightly in July, PHEVs continued building momentum after setting a new record for the fifth straight month. BYD sold 342,383 NEVs in July, up 30% year over year and beating the previous record set in June (341,658).

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Baua Electric

MARCH 18, 2024

Ford is developing a new low-cost EV platform to power a small electric pickup and SUV, with starting prices around $25,000. However, due to the pivot, plans for its three-row electric SUV have been put on the back burner. It will rival the low-cost EV Tesla is working on.

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Baua Electric

JUNE 20, 2024

China’s leading EV maker, BYD , just hit another major milestone. The BYD Yuan family surpassed 1 million in sales this week, becoming its latest brand to cross the threshold. BYD Yuan family tops 1 million in sales BYD has been on a roll as it expands the brand into new territory. of total sales. last year to 76.6%

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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 this year.

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Baua Electric

JULY 16, 2024

Can BYD compete with Toyota on its home turf? According to the latest sales data, BYD accounted for nearly 3% of Japan’s EV market in the first half of 2024. BYD launched its first EV, the Atto 3, in Japan in January 2023. BYD led the charge in Japan as EV sales continued climbing. million, or around $33,100.

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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. The company said it could then apply these same measures to its other EVs, including the newly launched Renault 5 and the upcoming Renault 4 small SUV. Get started here.

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Baua Electric

MARCH 19, 2024

US chip-making giant NVIDIA is expanding ties with several Chinese automakers, including BYD , as the race for the best software and features heats up. BYD will use NVIDIA’s Drive Thor to power its next-gen EV fleet. Building upon its existing collaborations, BYD is going from the car to the cloud.

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Baua Electric

JUNE 3, 2024

China’s leading EV maker, BYD , nearly reached a new sales record in May after aggressive price cuts took effect. BYD posted its second-highest sales last month as new energy vehicle (NEV) sales continued picking up. With 331,817 NEVs (EVs and PHEVs) sold last month, BYD is closing in on its all-time sales record.

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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. compared to last year as BYD expands into new markets.

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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

APRIL 26, 2024

China’s BYD is unleashing a series of new electric vehicles as it expands the brand globally. BYD unveiled two new EVs at the Beijing Auto Show: a sleek Ocean-M electric hatch and the Denza Z9 GT EV. After declaring a “liberation battle” against gas-powered vehicles earlier this year, BYD has been on an EV release spree.

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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

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 BYD Atto 3 (Source: BYD) After dominating their domestic market, Chinese NEVs are now expanding overseas.

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Baua Electric

JANUARY 12, 2024

BYD is significantly lowering EV prices in Germany to extend its global lead. 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. Most recently, BYD cut prices in Germany, Volkswagen, BMW, and Porsche’s home turf.

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Baua Electric

APRIL 8, 2024

BYD is expected to launch its next-gen Blade EV battery later this year. The battery will promote more range at an even lower cost. Will the new battery be BYD’s X-factor in its “liberation battle” over gas-powered vehicles? The batteries are a major reason behind BYD’s success.

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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

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 7, 2024

BYD continues its dominant overseas expansion after accounting for over 20% of Japan’s EV imports last month. After launching just last year, BYD is already making its presence known as Japan lags behind the auto industry’s shift to electric. Of the 1,186 electric cars imported into the nation, BYD accounted for 217 of them.

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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. The Korean automaker is also seeing early success with its first three-row electric SUV , the EV9. Once up and running, BYD aims to produce 150,000 EVs a year.

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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

MARCH 13, 2024

Nissan and Honda are considering teaming up to introduce more affordable EVs to compete with Chinese automakers like BYD. The aim is to reduce EV prices as the automakers look to Chinese automakers with low-cost models like BYD. The partnership could include a new EV platform.

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Baua Electric

APRIL 22, 2024

BYD is launching its first electric pickup soon after confirming it will go by the name “Shark” in its latest teaser, revealing a Ford F-150 Lightning look up front. We’ve been waiting for BYD’s electric pickup for about two years after rumors swirled out of local media reports in 2022. The electric truck we’ve been waiting for?

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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. We reported earlier this month that BYD looks to crush gas-powered car sales with its newest platform.

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Baua Electric

AUGUST 19, 2024

Chinese legacy automaker Dongfeng Motor launched its new low-cost EV in Europe to compete with automakers like Volkswagen. Meet the new low-cost Chinese EV for Europe Dongfeng is one of China’s oldest and largest automakers. It was the second state-owned auto brand established following FAW. Powered by a 42.3

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Baua Electric

JANUARY 30, 2024

The move will put it in direct competition with BYD , the leading LFP battery maker. Nissan is developing LFP batteries to lower EV prices Although Nissan was topped by China’s BYD in passenger vehicle sales in November, the automaker has a plan to regain its share. BYD’s Blade Battery is equipped on EVs being sold globally.

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Baua Electric

MAY 29, 2024

Another low-cost electric vehicle is headed to the US. Meanwhile, the rugged SUV brand is already planning a more affordable EV model. Tavares said he expects the company’s EVs to reach cost parity with gas-powered cars within the next three years. Others, like Kia, have announced an entire lineup of affordable EVs.

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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%. The brand also offers two SUVs, the N8 and N7.

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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 Mitsubishi Motors additionally mentioned extreme life it had suspended for 3 months manufacturing of its Outlander SUV in China.

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Baua Electric

SEPTEMBER 5, 2024

Foreign automakers like China’s BYD offer a “wider variety of models than domestic manufacturers,” the spokesperson explained. BYD’s passenger car imports surged 184% in the first half of 2024. Although only 980 BYD models were imported, BYD is gaining a foothold as new models hit the market. billion (550 billion yen).

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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

BYD’s workforce is now roughly double that of Toyota’s as China’s EV leader expands overseas. China’s surging EV sales are leading to new job growth Privately-owned firms, such as BYD and others in the EV industry, are accelerating job growth in China. Through April, BYD has sold over 434,500 EVs globally.

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EV Central

AUGUST 1, 2024

All will be designed to rival the other cheap EVs mainly from Chinese brands like MG and BYD that are flooding markets around the globe, but will also battle the long-promised Tesla Mode, 2, and to ensure it succeeds the future Fiesta will be underpinned by a pioneering new platform.

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Baua Electric

AUGUST 1, 2024

Nissan Ariya electric SUV (Source: Nissan) Electrek’s Take With Japanese automakers being some of the biggest laggards in the auto industry’s shift to electric, it’s no surprise they are partnering up. BYD is breaking into Japan’s seemingly impenetrable auto industry. American automakers like Ford have announced similar plans.

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Baua Electric

JUNE 28, 2024

The news was announced this week on GAC Toyota’s social media as it looks to close the technology gap with rivals like Tesla, XPeng, BYD, NIO, and others in the region. Toyota’s JV will launch the Bozhi 3X SUV next year as the first EV model to feature the self-driving tech.

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