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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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Tesla Model Y and BYD Atto 3 lead the way as Chinese-built electric vehicle sales soar in Australia

EV Central

The Tesla Model Y continues to lead the electric car surge in Australia, finishing fourth outright on the sales ladder in July. According to the official VFACTS figures, there were 3330 examples of the battery electric SUV sold in Australia last month. It also sits eighth for the year with 29,511 sales.

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CRU: Chinese EV sales hit hard by COVID-19 outbreak, but only for short-term

Green Car Congress

The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total. Pent-up demand.

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USA Pulls Mexico Into Its Anti-Chinese EVs Policies

CleanTechnica EVs

There’s no doubt about it: China saw that the future of the car market was electric and zoomed far into lead. It has accounted for more than half of global electric car sales, and aside from Tesla, the biggest electric car producers in the world are Chinese. Despite being late.

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Booming Chinese EV Market, $7 Billion For Solar From Biden, Tesla Updates Galore — Top News of the Week

CleanTechnica EVs

China just reached 43% of new car sales being plugin cars! Full electrics (BEVs) accounted for 28% market share. continued] The post Booming Chinese EV Market, $7 Billion For Solar From Biden, Tesla Updates Galore — Top News of the Week appeared first on CleanTechnica. Check out all the top stories here!

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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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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.