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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. BYD last year sold 1.57

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade.

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Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

With the global push towards sustainability, the rise of electric autos in India comes as no surprise. The Indian government has introduced various incentives and initiatives, such as subsidies and tax benefits, to promote the adoption of electric autos.

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Tesla Model Y continues to lead auto sales in Norway

Push EVs

share of the auto market in March, down from 91.9% Overall auto volume was 19,366 units, up some 19% YoY, and the highest March sales since at least 2016 (though compensating from a hangover earlier in Q1). Overall, HEVs have been on a long term decline since mid 2020. Norway’s plugin electric vehicles took 91.1% year on year.

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Bajaj Auto to launch new Chetak e2W in May, expand stores by 3x in 3-4 months | Autocar Professional

Baua Electric

In a bid to sustain the electric vehicle adoption amid reducing demand subsidy, Bajaj Auto plans to introduce more accessible electric scooters in the market. We will be launching a new product by May,” Bajaj Auto Executive Director Rakesh Sharma told reporters in a post-earnings call today.

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Tesla Model 3 dominates Switzerland’s 2020 EV Market

Teslarati

New data shows that the Tesla Model 3 dominated the 2020 EV market in Switzerland, and the figures weren’t very close. After finishing 2020 in the same pole position, the Model 3 continued its undeniable domination of the electric vehicle market in Switzerland. Model 3 2020 the #1 in Switzerland [link].

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Reports of an electric vehicle sales slowdown may be exaggerated

Teslarati

What really is happening is that the auto world seems to be winnowing down which carmakers are producing competitive and compelling electric vehicles. Amidst the country’s EV-friendly environment, electric car powerhouses such as BYD and Li Auto have emerged. In 2020, this figure was at 1%.