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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

BYD is now set to begin production at its new EV plant in Thailand in the third quarter as it looks to accelerate overseas sales. BYD set to begin EV production in Thailand in Q3 After showcasing its full range of brands at the Bangkok Auto Show this week, BYD said it will kick off EV production in the country in Q3.

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Cheaper EVs are starting to show up in smaller global markets – Charged EVs

Baua Electric

Media coverage of EVs tends to focus on the world’s largest auto markets: North America, Europe and Asia. The company has launched the Dolphin Mini in Uruguay, Brazil and Mexico. Until recently, that’s been where most of the action was, but in many smaller markets around the world, voltage levels are starting to rise.

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BYD sold over 360,000 Seagull EV models in under a year as its cheapest electric car

Baua Electric

The low-cost EV landed in Brazil earlier with a starting price around $20,000 (99,800 BRL). BYD Dolphin Mini (Seagull) testing in Brazil (Source: BYD) According to BYD’s UK Marketing Manager, Mark Blundell, the automaker is “keen to have” the Seagull launch in the region.

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BYD eyes lithium giant takeover as it expands its EV battery business

Baua Electric

BYD’s Brazil head, Alexandre Baldry, said discussions were held over a possible supply agreement, joint venture, or acquisition of Sigma Lithium, according to the Financial Times. Sigma began shipping lithium from its Grota do Cirilo mine and processing plant in Brazil last year. FTC: We use income earning auto affiliate links.

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BYD expects at least $4 billion in net income from surging EV sales

Baua Electric

BYD is already leading in growing EV markets like Thailand, Brazil, and Columbia. It also recently launched new models in Europe, Mexico, Australia, India, and others. Source: Bloomberg / BYD FTC: We use income earning auto affiliate links. With most components built in-house, BYD has an advantage over many rivals.

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BYD Q1 EV sales top 300,000, but is it enough to maintain a lead over Tesla ?

Baua Electric

BYD Dolphin Mini (Seagull) launch in Brazil (Source: BYD) The average Wall St consensus is around 458,500. With a series of more affordable “Honor Edition” electric cars, including the new Seagull starting at only $9,700 (69,800 yuan), BYD looks to carry the momentum into 2024. FTC: We use income earning auto affiliate links.

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BYD to build new $1.2B battery factory in China

Teslarati

Using an LFP chemistry , BYD advertises the battery as a more affordable, faster charging, and more durable option compared to more traditional NMC battery chemistries. BYD’s new battery production follows a string of announcements that BYD would be entering numerous global markets. The post BYD to build new $1.2B

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