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Canadian startup launches INDIEGOGO funding campaign for low-cost electric self-charging solar tricycle produced in Pakistan

Green Car Congress

The team projects that the high-efficiency vehicle will have a a minimum unit cost of only $1,400 to produce—the price of an average mountain bike—once the funding goal is reached. Production will be in different manufacuring hubs in Pakistan. The team has not yet produced a working demo for their concept.

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

Baua Electric

Despite an influx of new competition and an intensifying price war in China, BYD is still taking market share. With low-cost EVs like the Seagull, Dolphin, and Yuan Plus, BYD is leading the market. With new plants planned in Hungary, Pakistan, Mexico, and Turkey, BYD is laying the groundwork to continue its dominant expansion.

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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. BYD continues slashing prices while releasing lower-cost EV models. It opened its first in Thailand last month, with Hungary, Brazil, Turkey, Mexico, and Pakistan plants in the works. BYD is now the world’s seventh-largest automaker.

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

Baua Electric

Despite slashing prices and launching more affordable EVs, BYD’s bottom line nearly doubled from the first three months of 2023 (+98%). Despite the profit growth, BYD’s gross margins slipped 3% from Q1 (21.88%) to 18.69% amid China’s intensifying EV price war. The EV leader posted revenue of RMB 176 billion ($24.7 billion) in Q4 2023.

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

Baua Electric

BYD’s hiring spree comes as rivals, mainly joint venture brands, are cutting positions amid China’s intensifying EV price war. 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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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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