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With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. A big part of BYD’s surging sales numbers is its incredibly affordable electric cars. BYD continues slashing prices while releasing lower-cost EV models. BYD’s growing global presence is symbolic of the auto industry’s shift to electric.
BYD Seagull (Dolphin Mini) testing in Brazil (Source: BYD) With 1,169,579 all-electric models sold through the first nine months of 2024, BYD is still slightly behind Tesla in the global EV race with 1,293,656 vehicle deliveries. Starting as a battery maker has given BYD a drastic advantage as the industry shifts to electric vehicles.
Like most Chinese automakers, BYD reports NEV sales, including battery electric (EV) and plug-in hybrid (PHEV) vehicles. Its low-cost Seagull EV, starting at under $10,000 in China, was the second-best seller, with 41,212 sold last month. Electreks Take Like the US and most countries, Chinas auto market is seasonal.
Global EV leader BYD believes new energy vehicles, including EVs and PHEVs, have entered the “knockout round” with gas-powered cars. Let the “liberation battle” begin After declaring a “liberation battle” against gas-powered cars earlier this year, BYD, or Build Your Dreams, is putting pressure on overseas rivals.
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.
Why hes banking on an obscure Chinese electric car company and a CEO who - no joke - drinks his own battery fluid. BYDs breakthrough all-electric E6, photographed at this years Detroit auto show. " 0:00 / 3:23 Buffett eyes electric cars Coming from Munger, that meant a lot. tech industry during the 1990s.
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