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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

MG, whose electric compact car MG4 was the 23rd best-selling car in France last year after just a year on the market, already has a central logistics centre in Amsterdam, which distributes parts spare parts throughout Europe.

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BYD sells over 3 million NEVs in 2023, electric car sales close gap to Tesla | Autocar Professional

Baua Electric

Chinese automaker BYD has concluded 2023 with record-breaking sales, which surpasses the 3 million annual sales target and retains its position the global new energy vehicle (NEV) sales champion, for the second year in a row. This year also marks BYD being listed among the global top 10 of car sales for the first time.

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China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and hybrids, BYD sold 3 million vehicles in 2023. Tallying up its year-end sales, it’s a massive 62% growth from 2022. million vehicles.

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

Baua Electric

Last year, the company sold 15,644 electric cars in the region. However, the company is “just getting started” in the region, says Europe CEO Michael Shu, and expects to ramp up sales quickly. Europe is much different from other key auto markets like China or the US, with several legislations and languages.

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BYD expands reach in Europe with best-selling Atto 3, Seal EV launching in Greece

Baua Electric

Although BYD began selling EVs in Europe in 2021 (in Norway), the company only sold 15,644 electric cars in the region last year. After admitting that ramping sales in the region will take time, Shu said BYD aims to more than triple its market share. Even before it begins producing vehicles at its Hungary plant.

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Tesla slashes prices across Europe on Model Y

Baua Electric

The Model Y was Germany’s top-selling BEV in 2023, with some 45,800 new car registrations. VW reports BEV sales of 70,628 units last year, a 12% increase, compared to Tesla’s 63,685, a 9% drop. While VW beat Tesla in Germany, it trailed by a long shot in EV sales in France. FTC: We use income earning auto affiliate links.

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EcoPro wins 5-year high-nickel NCA cathode material supply contract with Samsung SDI – Charged EVs

Baua Electric

The sales unit price for the actual transaction will be determined by applying the price of raw materials (nickel, cobalt, lithium, etc) at the time of the contract period, with periodic price adjustments. The contract runs from 2024 through 2028. EcoPro’s NCA and NCM 811 cathodes are its main cathode series.