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BYD takes over as China’s largest auto group with low-cost EVs dominating the market

Baua Electric

The milestone is significant, given that SAIC has joint ventures with leading global automakers, including Volkswagen GM. With low-cost EVs like the Seagull, Dolphin, and Yuan Plus, BYD is leading the market. Will it continue to climb the global auto ranks? Last month, BYD hit an even more significant milestone.

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Ford is cutting another 4,000 jobs in Europe as it loses ground in the global EV race

Baua Electric

Ford’s announcement comes as China’s leading EV maker, BYD, is quickly catching up in global deliveries. Electrek’s Take Ford’s restructuring in Europe comes as EV leaders, like China’s BYD, continue gaining ground in the global auto market. It’s now down to two directors from nine earlier this year. Can Ford turn things around?

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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

In a recent outlook of the global EV market, one publication has recently suggested that EV growth may be advancing substantially in some developing markets, while others have seen increased plugin hybrid EV (PHEV) sales. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.

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BYD launches popular Dolphin, Seal, and Atto 3 EVs in Kenya with local Toyota dealer

Baua Electric

BYD Atto 3 during the launch event in Kenya (Source: CFAO Mobility Kenya) Going global For BYD, launching EVs in Kenya is another significant milestone as it expands into new global markets. As it expands the brand globally, BYD’s new 7,000-car carrier is about to hit the seas. FTC: We use income earning auto affiliate links.

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BYD unveils lavish interior for its new luxury Denza Z9 EV

Baua Electric

The company opened or plans to open new plants in Thailand, Turkey, Brazil, Mexico, and Hungary to expand its global footprint. Meanwhile, legacy automakers like Toyota and Volkswagen are struggling at home and abroad due to a new wave of low-cost competition entering the market.

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BYD launches major hiring spree as record-breaking run heats up

Baua 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. BYD also owns most of its supply chain, driving down costs further.

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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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