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BYD opens shop in the Caribbean with 10 new markets planned by the end of 2024

Baua Electric

With 331,817 new energy vehicles (EVs and PHEVs) sold in May (+38% YOY), BYD posted its second-highest sales month ever. BYD launched the “Dolphin Mini” (as it’s called overseas) in Brazil, starting at around $20,000 (99,800 BRL). BYD Shark launch event (Source: BYD) BYD launched its first pickup last month in Mexico, the Shark PHEV.

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BYD nearly tops all-time sales record in May as EV price cuts boost demand

Baua Electric

With 331,817 NEVs (EVs and PHEVs) sold last month, BYD is closing in on its all-time sales record. This is the third straight record PHEV sales month. BYD has sold 685,960 PHEVs so far this year, up 35% from the 507,862 sold at this time last year. Source: CnEVPost , BYD FTC: We use income earning auto affiliate links.

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BYD’s workforce nearly doubles Toyota’s amid China’s booming EV market

Baua Electric

The main drivers behind China’s job growth are auto, electric devices, and semiconductors, all powering the country’s surging electric vehicle market. According to the IEA’s Global Electric Vehicle (EV) Outlook 2024 , China accounted for 60% of all EV and PHEV sales globally last year. million in China, up 35% year over year (YOY).

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

Baua Electric

Meanwhile, plug-in hybrid sales were up 14.5%, with 324,284 PHEVS sold. BYD Dolphin Mini (Seagull) launch in Brazil (Source: BYD) The average Wall St consensus is around 458,500. BYD says new energy vehicles (including PHEVs) have entered the “knockout round” as it continues growing its overseas footprint. over Q1 2023.

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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 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. The Chinese automaker will also be entering the South American market, selling its EVs and PHEVs in countries like Argentina and Brazil.

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

Baua Electric

BYD is already a leader in key auto markets like Thailand , Brazil, and Columbia. China looks like it overtook Japan as the largest auto export nation in 2023 as demand for EVs continues climbing. million all-electric vehicles last year ( 3 million including PHEVs), BYD looks to expand the brand in 2024.

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