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

Baua Electric

The company has launched the Dolphin Mini in Uruguay, Brazil and Mexico. The Dacia Spring has found its audience as a perfect solution for people looking for simple, affordable, and efficient zero-emission mobility,” says the company. In these three markets, both versions start under $25,000. “The

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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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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. A big part of BYD’s success is due to its past.

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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. The post BYD expects at least $4 billion in net income from surging EV sales appeared first on Bauaelectric Auto News.

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