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

Baua Electric

BYD tops SAIC to become China’s largest auto group After sales surged by 62%, with over 3 million vehicles sold last year, BYD officially became China’s best-selling brand. BYD is now China’s largest auto group after topping SAIC in September sales. September was BYD’s fourth consecutive record-breaking sales month.

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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. 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.

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

Baua Electric

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.

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

Baua Electric

BYD EV launch event in Kenya (Source: BYD by Loxea Kenya) Although it’s best known for low-cost EVs like the Seagull, which starts at under $10,000 in China, BYD is quickly expanding with new pickup trucks, luxury models, and electric supercars hitting the market. FTC: We use income earning auto affiliate links.

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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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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. Asia Pacific leads in terms of annual sales of NGVs, with 1.2 million sales expected in 2013. million by 2020. Forecasts Natural Gas'

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

Baua Electric

China’s largest EV maker continued its growth streak after setting another new sales record last month. August was BYD’s third consecutive month with record sales. After selling another 145,627 electric cars last month, BYD topped the 1 million EV sales mark for 2024. BYD opened its first plant in Thailand in July.

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