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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. The Chinese automaker estimates account for some challenges BYD expects this year.

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Confirmed! China’s Leapmotor to go on-sale in Australia in 2024 with C10 SUV

EV Central

The Chinese electrified vehicle maker Leapmotor will launch in Australia in late 2024 as part of an international expansion backed by global auto giant Stellantis. Beyond that it has a variety of existing models it could add here quickly including the Mini-sized T03 electric car that has already been confirmed for European sale.

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BYD's new plant in central Chinese city Zhengzhou goes into operation

CN EV Post

Currently in production is the first phase of BYD 's Zhengzhou base, with a planned annual capacity of 400,000 vehicles. | BYDDY.US | BYD HK BYD (OTCMKTS: BYDDY) has officially started production at a new vehicle production site that begins contributing to the capacity of China's largest maker of new energy vehicles (NEVs).

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BYD aims to sell at least 3 million vehicles this year

CN EV Post

BYD announced its 2022 annual report on March 28 and held an investor conference on March 29, where Wang revealed the target, according to a report by local media outlet Yicai today. million unit sales target BYD is striving to reach, 2.8 It first announced overseas NEV sales figures in July 2022. If it can reach 3.6

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Argus: China’s Southern Rare Earth ups Tb, Ho, Gd, Dy prices; rising magnet demand

Green Car Congress

Chinese medium and heavy rare earths producer Southern Rare Earth has continued to raise its weekly prices for terbium, holmium, gadolinium and dysprosium, supported by a shortage of spot supplies and firmer magnet demand, according to Argus. Prices for 99.5%

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BYD officially launches Seagull to expand its presence in China's EV market

CN EV Post

BYD has officially launched the Seagull with a starting price of just RMB 73,800, after starting pre-sales of the Yangwang U8, which costs over RMB 1 million, last week. The company's final pricing announced today means that the starting prices for all three versions are RMB 5,000, RMB 5,000 and RMB 6,000 lower than the pre-sale prices.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

That estimate lags the expected growth in sales of energy storage products, which will rise 35% year-on-year globally, according to the white paper. Under a more “ideal” scenario, the association sees China’s new energy storage capacity installations rising 19% year-on-year to 41.2GW, the white paper found.