Remove Affordable Remove Auto Remove BYD Remove PHEV
article thumbnail

BYD to build new $1.2B battery factory in China

Teslarati

FinDreams Technology, the battery subsidiary of BYD, has filed paperwork to establish a new battery production facility in Central China. BYD has seen rapid growth in its automotive business over the past two years. Just last year, BYD tripled its annual vehicle sales, with the vast majority of those being sold in China.

BYD 113
article thumbnail

BYD says EVs have entered the ‘knockout round’ with next-gen tech rolling out

Baua Electric

Global EV leader BYD believes new energy vehicles, including EVs and PHEVs, have entered the “knockout round” with gas-powered cars. BYD plans to more than double its overseas sales this year, as it aims for one million in 2025. For example, BYD is building a plant in Hungary that will “be Europe, for Europe.”

BYD 52
article thumbnail

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

Baua Electric

China’s leading electric car maker, BYD , recorded over 300,000 EV sales in Q1 2024, up 13% over last year. BYD EV sales rise 13% in Q1, down sequentially After topping Tesla in the last three months of 2023, BYD is doubling down in 2024. In the first three months of the year, BYD sold 300,114 fully electric vehicles, up 13.4%

BYD 52
article thumbnail

BYD is ‘just getting started’ in Europe with plans to triple its EV market share

Baua Electric

China’s BYD will challenge automakers in Europe with plans to triple its share in the EV market by 2025. After dominating its home market, BYD is expanding its brand overseas. BYD plans to expand EV market share in Europe BYD began selling vehicles in Europe in 2021, starting in Norway.

BYD 52
article thumbnail

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

Baua Electric

After selling nearly 35,000 Seagull models in March, cumulative sales of BYD’s cheapest electric car topped 360,000. BYD sells over 360,000 units of its cheapest electric car BYD launched the Seagull on April 26, 2023. BYD is launching the Seagull as the “Dolphin Mini” in overseas markets. kWh or 38.88 kWh or 38.88

BYD 52
article thumbnail

BYD is now shipping its own EVs as first cargo ship heads to Europe

Baua Electric

After overtaking Tesla in global EV sales in the last three months of 2023, BYD looks to continue its expansion. BYD’s first cargo ship has been delivered. The BYD Explorer No. BYD’s ship, the Explorer No. The ship is owned by Zodiac Maritime, with BYD leasing it as the first addition to its “sea-going fleet.”

BYD 52
article thumbnail

EVs reach 90% market share in Norway as the overall auto market falters – Charged EVs

Baua Electric

Battery EVs took a 90% share, as recent tax changes make PHEVs less appealing. of the entire auto market. The steady rise of EVs is occurring against a backdrop of slower overall auto sales. Legacy vehicles are subject to heavy taxes, but there are few affordable electric models. of the market, up from 90.1% year-on-year.

Norway 52