Affordable Brazil PHEV Price 
Baua Electric
JUNE 3, 2024
China’s leading EV maker, BYD , nearly reached a new sales record in May after aggressive price cuts took effect. 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. Fully electric vehicle sales also trended higher.
Baua Electric
SEPTEMBER 2, 2024
BYD reported August sales numbers, showing a record 373,082 new energy vehicles (NEVs) sold, including plug-in hybrids (PHEVs) and all-electric cars. August marks BYD’s sixth consecutive record PHEV sales month. million PHEVs through August 2024, up 43% from the roughly 886,000 sold last year. BYD has now sold over 1.3
Baua Electric
AUGUST 28, 2024
Despite slashing prices and launching more affordable EVs, BYD’s bottom line nearly doubled from the first three months of 2023 (+98%). Despite the profit growth, BYD’s gross margins slipped 3% from Q1 (21.88%) to 18.69% amid China’s intensifying EV price war. The EV leader posted revenue of RMB 176 billion ($24.7 billion ($1.46
Baua Electric
JULY 30, 2024
Toyota’s global sales fell over 5% last month, partly driven by the impact of BYD’s price cuts in key markets like China, Southeast Asia, and even Japan. Toyota blamed the fallout on the “challenging market environment” and “intensified price competition” in the region. In overseas markets, like Brazil, it starts at around $20,000.
Baua Electric
JULY 1, 2024
The growth after BYD slashed prices on some of its top-selling electric vehicles. BYD’s PHEV sales have hit a new record for the past four months now. Meanwhile, the BYD’s biggest growth driver is being driven by fierce price cuts. Will BYD’s price cuts and new models be enough to top Tesla again?
Baua Electric
JUNE 4, 2024
With 331,817 new energy vehicles (EVs and PHEVs) sold in May (+38% YOY), BYD posted its second-highest sales month ever. BYD’s growing EV sales were fueled by price cuts and new lower-priced models launched earlier this year. BYD Shark launch event (Source: BYD) BYD launched its first pickup last month in Mexico, the Shark PHEV.
Baua Electric
SEPTEMBER 18, 2024
BYD’s Seagull was China’s top-selling vehicle in August BYD has been on a roll, launching lower-priced, updated models of its best-selling models. In March, BYD launched the Seagull EV Honor Edition with a “shocking price” starting at just 69,800 yuan, or less than $10,000. The Seagull is already sitting atop the sales charts in China.
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