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BYD leads EV sales surge in Brazil with affordable electric cars

Electrek

After launching its low-cost Seagull EV (Dolphin Mini) in Brazil, starting at around $20,000 (99,800 BRL), BYD is leading the EV sales surge in the country. However, with a new import tax looming, can the Chinese EV maker continue the momentum? China’s leading automaker, BYD , is aggressively expanding overseas.

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

Baua Electric

Chinese automakers, which now have a range of lower-priced EVs to sell, are heavily targeting these markets. The company has launched the Dolphin Mini in Uruguay, Brazil and Mexico. BYD is not the only Chinese automaker targeting developing markets. In these three markets, both versions start under $25,000.

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BYD to build new $1.2B battery factory in China

Teslarati

Now, as the company looks to expand outside of Asia, it is doubling down on its Chinese production capabilities. The environmental fillings found on a local Chinese government website state that the project will come at an expected cost of 8 billion yuan ($1.2 If you have news tips, email us at tips@teslarati.com !

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Here’s how China’s BYD is working on its image problem

Baua Electric

While European automakers have been shifting over to direct sales à la Tesla, China’s BYD, for Build Your Dreams, along with Chinese peers Xpend and Great Wall Motor are looking to dealers to build sales and provide networks to help their brands build solid reputations and trust among Europeans.

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

Baua Electric

The Chinese EV maker is now eyeing expanding its EV battery business. 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. 1 is the first Chinese-made ship designed to carry domestic EVs overseas.

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

Baua Electric

BYD Atto 3 production (Source: BYD) After beginning production at its Uzbekistan plant in January, BYD is building new facilities in Hungary and Brazil as it expands the brand overseas. BYD is pressuring legacy automakers after slashing EV prices and introducing a series of more affordable “Honor Edition” models.

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

Baua Electric

In the last three months of the year, the Chinese automaker overtook Tesla as the largest global EV maker as it expanded the brand. 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.

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