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Car sales in China surge on back of exports, offsetting sales slump at home

Baua Electric

Read more Car sales in China picked up in June thanks to increase in exports amid EU hiking tariff on electric vehicles made in the country. However, China continues to see drop in sales domestically. Sales in China dropped 7.4 per cent while domestic sales edged up 1.6 Chinese EV exports were down 2.3

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China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and hybrids, BYD sold 3 million vehicles in 2023. Tallying up its year-end sales, it’s a massive 62% growth from 2022. million vehicles.

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

Baua Electric

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 billion), driven by higher vehicle sales. Although most of BYD’s sales are still in China, the company is quickly expanding overseas.

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Here’s how China’s BYD is working on its image problem

Baua Electric

While European automakers have been shifting over to direct sales à la Tesla, China’s BYD, for Build Your Dreams, along with Chinese peers Xpend and Great Wall Motor are looking to dealers to build sales and provide networks to help their brands build solid reputations and trust among Europeans. Last year, the company sold 1.6

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BYD wants to bring a Land Rover-style SUV that can ‘float on water’ to Europe

Baua Electric

Chinese EV behemoth BYD may bring two off-road electric SUVs sold in China to Europe that could rival the Land Rover Defender, the Mercedes G-Class, and Ford Bronco. The Bao 5 is a plug-in hybrid that starts at around $43,500 in China, putting it in the same range as the Bronco and Defender, the report said. tonne curb weight.

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Mercedes-Benz will be producing 8 all-electric EQ models in 2022

Green Car Congress

Just a few months later the German-Chinese production joint venture, Beijing Benz Automotive Co. As with the EQC from Bremen and Beijing and the EQV from Vitoria, which are already on the market, the fully electric models at the Rastatt plant run on the same production line as compact vehicles with conventional and hybrid drives.

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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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