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BYD surges past Honda and Nissan’s sales for the first time, targets Ford with low-cost EVs

Baua Electric

With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. The growth was enough to overtake Japan’s Honda and Nissan for the first time to become the seventh-largest automaker globally. BYD’s growing global presence is symbolic of the auto industry’s shift to electric. Can it overtake Ford?

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Navigant forecasts global natural gas fleet of 34.9M by 2020

Green Car Congress

The increase is largely driven due to a combination of low-cost natural gas and sustained higher prices for gasoline and diesel in many countries, Navigant suggests. In a new report , Navigant Research forecasts that the number of natural gas vehicles (NGVs) on roads worldwide will reach 34.9 million by 2020.

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BYD is now the world’s largest automaker by R&D workforce after major hiring spree

Baua Electric

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 Sea Lion 07, the brand’s first “mid-sized urban smart electric SUV” (Source: BYD) With new low-cost, efficient EVs hitting the market, BYD continues to see higher demand.

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

Baua Electric

BYD Seal test drive in Mexico (Source: BYD) Low-cost EVs, overseas expansion fueling growth BYD’s auto (and related) sales accounted for 76% of revenue, generating RMB 228.3 It’s also planning to open facilities in Mexico, Hungary, Brazil, Turkey, and Pakistan. BYD reported first half 2024 revenue of RMB 301.1 billion ($42.2

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BYD is waiting for the US election to announce its new North American EV plant

Baua Electric

It’s also planning facilities in Pakistan , Turkey, Brazil, and Mexico. BYD Shark PHEV pickup (Source: BYD) Electrek’s Take After overtaking Honda and Nissan to become the seventh-largest automaker globally in Q2, BYD is looking overseas to boost growth. BYD opened its first plant in Thailand in July.

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