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of total new car sales across the region from October to December last year. digit gains were also seen in Belgium (+17.7%), Slovenia (+18.2%), Hungary (+18.4%), Sweden (+30.5%) and Romania (+31.1%). Gasoline car sales grew in all 28 EU countries, with Italy recording the highest percentage increase (+20.9%) of the five major markets.
Sales of plug-in hybrid electric vehicles (PHEV) and battery-electric vehicles (BEV) continued to increase. With around 150,000 registrations, sales of BEVs increased by 50% compared to 2017. However, the combined share of PHEVs and BEVs in all car sales remains low (2% compared to 1.5% of sales in 2018.
BYD was also the first automotive OEM in the world to announce it would be ceasing production of ICE vehicles this year to focus on BEV and PHEV products. BYD has ranked as number one for sales of new energy vehicles in China for 9 consecutive years. Global leader in new energy vehicles.
Against this negative backdrop, electrified vehicles (HEVs, PHEVs and BEVs) were once again the outlier in the industry. February 2020 registrations of HEVs were up 46% to 59,000; PHEVs were up 153% to 28,700; and BEVs were up 92% to 38,700 units year-on-year. Their global sales totaled 18.85 However, their volume fell by 6.8%.
BMW still aims for about 50% global EV sales by the end of the decade, in line with a plan the automaker rolled out in 2021 , but still isn’t ready to declare an end date for internal combustion. The post BMW sticks to 50% EV target by 2030—not including hybrids, PHEVs appeared first on Bauaelectric Auto News.
19 February 2025 Read next European used-car markets end 2024 on a high 18 February 2025 Read next UK LCV market begins 2025 with continued decline 18 February 2025 With price increases, economic issues and poor used-car supply, Hungarys automotive market faces a challenging 2025. Will pushing PHEVs work in Hungary?
With overseas sales surging 83% last month, BYD is looking for even more market share in 2025. BYD sets new overseas EV sales record in January 2025 BYD sold over 300,500 new energy vehicles (NEVs) last month, up nearly 50% from January 2023. BYDs commercial vehicle sales reached 4,092, up 793% from January 2023 (474).
After its fifth straight record sales month, BYD is now closing in on top global automakers like Ford. October was BYD’s fifth straight record-breaking month for NEV sales, including plug-in hybrid (PHEV) and battery electric (EV) models. New facilities are coming online soon in Hungary, Brazil, Pakistan, Turkey, and Mexico.
The link with the next-generation Audi Q3 continues as the Terramar will be built at the same Volkswagen Group-owned Gyor factory in Hungary. Cupra says it hopes the introduction of both the Tavascan EV and hybrid Terramar will help it boost its annual sales from 80,000 per year to more than 500,000. The post The hybrid killer?
BYD Auto will be celebrating 22 years of operation next month, and the OEM has been wielding all that production expertise in a big way in recent years specializing in developing and delivering a slew of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) it collectively classifies as new energy vehicles (NEVs).
BYD sales topped the 500,000 mark in October, its first time achieving the feat. After its fifth consecutive record sales month, will BYD take the global EV lead over Tesla this year? October was BYD’s fifth straight record-breaking month for NEV sales. October was BYD’s eighth straight month with higher PHEVsales.
Affordable EVs driving demand According to MarkLines (via Nikkei ), BYD’s new vehicle sales climbed 40% between April and June to 980,000. A big part of BYD’s surging sales numbers is its incredibly affordable electric cars. Meanwhile, much of BYD’s success this year is thanks to growing overseas sales. million in Q2 2023.
BYD teases new luxury EV interior ahead of its debut The company’s head of brand sales, Zhao Changjiang, confirmed Denza would launch the Z9 at the 2024 Guangzhou Auto Show on November 15. The new luxury EV will follow the Denza Z9 GT , which opened pre-sales in August, starting at $47,700 (339,800 yuan). billion) and revenue ($28.2
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.
BYD went on a hiring spree over the past few months as sales and profits reached new levels. million new energy vehicles (EVs and PHEVs) in the third quarter, BYD’s net income surged to $1.6 However, BYD’s figures include plug-in hybrid (PHEV) models and EVs. Through October, BYD’s NEV sales topped 3.25 billion (RMB 11.6
However, the company is “just getting started” in the region, says Europe CEO Michael Shu, and expects to ramp up sales quickly. Although Shu said increasing sales will take time, it expects to gain EV market share in Europe this year. BYD aims for a 5% share of EV sales in Europe, even before production begins in Hungary.
BYD expands in the North American market with new EVs After dominating in its home market, BYD is looking overseas to drive sales growth. BYD opened its first plant in Thailand in June and plans to open several more in Pakistan , Turkey, Brazil, and Hungary. It also offers four hybrid models.
In the third quarter, hybrids (including PHEVs) accounted for 18% of China’s total vehicle sales to Europe, while EV shipments dropped 58% from 62% during the same period. BYD is also considering manufacturing both EVs and hybrids at its new plant in Hungary.
Global EV leader BYD believes new energy vehicles, including EVs and PHEVs, have entered the “knockout round” with gas-powered cars. BYD plans to more than double its overseas sales this year, as it aims for one million in 2025. We reported earlier this month that BYD looks to crush gas-powered car sales with its newest platform.
Ulmis Horchidan, Autovista Group’s head of valuations for Romania, Hungary, Slovenia, Slovakia, and the Czech Republic speaks with Autovista24 editor Tom Geggus in a new podcast. However, this decline was quickly turned around in the second quarter with a sales boom. This marked a decline of 10.1%
Major EU markets improve Recording the largest sales volume, France saw registrations increase by 1.1% Of the five-digit sales markets, notable performances were recorded in Hungary (up 19.4%), Romania (up 17.3%) and Portugal (up 13.3%). Only three regions endured a decline of over 10%. year on year, thanks to 379,747 units.
In October, BYD sold over 500,000 new energy vehicles (NEVs), its fifth straight record sales month and the first time it has crossed the half-million mark in a single month. The news comes after BYD launched its first electric pickup, the Shark PHEV (BYD Shark 6), in Cambodia last month.
However, sales continued to lag behind the figures recorded before the COVID-19 pandemic. Regional inconsistencies EV adoption, including BEVs and plug-in hybrids (PHEVs) is not consistent across Europe. The same is true in Eastern Europe, with Poland, Romania and Hungary also seeing lower shares. Are new EVs out of charge?
DISCLAIMERS AND CREDITS The score is multi-faceted rather than representing solely consumer sales. The lion’s share of credit for source data goes as usual, to Jose Pontes and his EV Sales Blog. more than the original Sales Blog, since it was more detailed and up-to-date. It *is* literal madness to keep doing it.
14 April 2025 Read next Used LCV market buoyant as new van sales struggle 14 April 2025 Read next The Automotive Update: UK government steps up support of EV industry 11 April 2025 Global deliveries of battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) continued to grow in February. PHEV deliveries surged by 40.3%
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