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The PHEV (Plug-in Hybrid Electric Vehicle), a subset of the electric car, combines a primary electric motor with a much smaller back-up engine fueled with a hydrocarbon/biofuel mix. (In In this paper PHEV refers solely to the long-range PHEV of 60 miles (100 km) electric-only range.) It is much more than that.
With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. After launching in key markets like Mexico, Brazil, Japan, Europe, Thailand, and other Southeast Asian countries, BYD is already a leading EV brand. BYD Shark PHEV pickup (Source: BYD) Ford’s wholesales reached 1.14 million in Q2 2023.
BYD is closing in on a deal for an EV plant in Mexico, which is expected to be among the biggest in the region. Zou explained that Mexico is a key market with great potential. BYD Dolphin (left) and Atto 3 (right) Source: BYD Mexico is quickly becoming a hot spot for EV investments. Kia revealed it will build EVs in the region.
BYD will officially launch an electric car even smaller than the Dolphin in Australia, hinting it could be the low-cost Seagull EV. BYD’s Seagull, known as the Dolphin Mini, is already rolling out in key markets like Mexico and Brazil. Is BYD bringing its cheapest EV to another overseas market?
With new low-cost Chinese flooding global markets, Ford CEO Jim Farley vows its new mid-size electric pickup is a “game changer.” Ford’s leader took a jab at BYD, vowing the company’s new electric pickup will match the costs of Chinese automakers building in Mexico. The combined NEDC range is 822 km (522 mi).
BYD is already making its presence known in the North American EV market with a growing presence in Mexico. The Chinese EV maker delivered its first batch of 100 Yuan Plus models in Mexico last June. BYD Shark launch event in Mexico (Source: BYD) BYD is closing in on a deal to build a plant in Mexico , where the pickup will be built.
The sanctions mirror similar moves from the US and Europe to “protect domestic manufacturing” from the threat of low-cost EVs from China. BYD is already a leading EV brand in Mexico, but entering Canada could shake up the North American auto market. In May, BYD revealed its first pickup truck , the Shark PHEV, in Mexico.
It’s available in plug-in hybrid (PHEV) and all-electric (EV) options. BYD Denza Z9 GT (Source: Denza) BYD’s new luxury EV will be offered in all-electric and PHEV variants. BYD launched its first pickup truck , the Shark PHEV, this summer. However, BYD’s figures do include PHEVs. billion) and revenue ($28.2
With 331,817 new energy vehicles (EVs and PHEVs) sold in May (+38% YOY), BYD posted its second-highest sales month ever. In Mexico, it starts at $19,780 (358,800 pesos). Despite potential tariffs, BYD still expects the low-cost EV to start at less than 20,000 euros ($21,500), still thousands lower than its rivals.
With 331,817 NEVs (EVs and PHEVs) sold last month, BYD is closing in on its all-time sales record. This is the third straight record PHEV sales month. BYD has sold 685,960 PHEVs so far this year, up 35% from the 507,862 sold at this time last year. Electrek’s Take BYD’s low-cost EVs are already worrying overseas rivals.
The company sold a record over 373,000 new energy vehicles (including PHEVs) in August. It’s roughly the same in Mexico at 358,800 pesos, or around $19,000. Even Ford’s CEO Jim Farley called the Seagull a “pretty damn good” car, warning rivals of BYD’s low-cost EV. Of them, 148,470 were all-electric.
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. The company sold 500,525 passenger vehicles in October, 310,912 of which were PHEVs and 189,614 were EV models. million being PHEV models. billion (RMB 11.6
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
Like most Chinese automakers, BYD reports NEV sales, including battery electric (EV) and plug-in hybrid (PHEV) vehicles. BYDs Song Plus (PHEV and EV) was the best-selling model in the lineup, with over 51,300 sold last month. BYDs commercial vehicle sales reached 4,092, up 793% from January 2023 (474).
With China’s auto market becoming flooded with low-cost competitors, BYD is looking to key overseas markets to drive growth. The news comes after BYD launched its first electric pickup, the Shark PHEV (BYD Shark 6), in Cambodia last month. Ford is well aware of BYD’s rise in the global auto ranks.
Kia will unveil five new vehicles across ICE, HEV, PHEV, and EV powertrains. Kia EV3 (Source: Kia) Kia’s vice president, Jeong Won-Jeong, is already calling the smaller electric SUV a “game changer” in Korea, with strong demand for the low-cost EV model. Will it have the same impact in the US?
On the company’s earnings call, Farley said its new mid-size electric pickup , due out in the second half of 2027, will “match the cost structure of Chinese OEMS building in Mexico.” The comments were likely directed at BYD, which launched its first pickup truck, the Shark PHEV , which will rival Ford’s Ranger.
Alone, the federal government plans to purchase more than 500 plug-in hybrid electric vehicles (PHEV) or EVs in fiscal year 2017. The project is the first of its kind in New Mexico and the first all-electric Bus Rapid Transit system in the United States. Municipal fleet electrification.
BYD is waiting to see if former President Donald Trump or Vice President Kamala Harris wins the US election before it reveals plans for a new plant in Mexico. It’s also planning facilities in Pakistan , Turkey, Brazil, and Mexico. During the Dolphin Mini launch event, BYD’s senior vice president, Stella Li, also visited Mexico City.
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