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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. at this point, the company has been beginning to deliver its EVs in several markets throughout Europe and Asia.

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NIO planning on releasing affordable electric car for European market: report

Teslarati

Chinese electric vehicle manufacturer NIO appears to be preparing to capture some market share from mainstream automakers like Volkswagen. According to recent reports, NIO plans to launch a competitively priced model for the European market at a price tag below 30,000 euros (about $33,060).

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Cheap talk: Volkswagen to bed Renault in race to build sub-$30k EV | reports

EV Central

Created to be “affordable to the masses” it’s thought the new EV could be built on a new architecture that will slash costs further than cars based on the VW Group MEB, or the Renault’s CMF-EV architectures. An entry EV will also help prepare for the next wave of bargain-priced EVs that are already on sale in China.

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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. It also recently launched new models in Europe, Mexico, Australia, India, and others. The price tag is expected to be around $140,000 (1 million RMB). billion (31 billion yuan) in net income.

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ZAP Acquires 51% Stake in China’s Jonway Auto in Focus On China EV Market; Plans Acquisition of Other 49% in Second Phase

Green Car Congress

as part of a strategy to capitalize on the growing automotive and electric vehicle (EV) market in China. ZAP is a 15-year-old California EV company and Jonway Auto is a wholly owned subsidiary of Jonway Group, a 20-year-old Chinese vehicle manufacturer. Jonway is ISO 9000 and China Compulsory Certification (CCC) certified.

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BYD launches $233K Yangwang U9 electric supercar that will smoke a Ferrari and can dance

Baua Electric

seconds and a $233,400 (1,680,000 yuan) price tag. In fact, the SUV made its debut in Europe at the 2024 Geneva Motor Show this week. Info from China’s MIIT revealed the U7 features over 1,300 hp (960 kW) from four electric motors. Buyers in China can now order and schedule production. vertical center infotainment.

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Stellantis to release $27,000 battery electric vehicle in 2024

Teslarati

Stellantis’ Citroen brand plans to release a city car named the e-C3 to compete specifically against the China-made Dacia Spring and the Renault 5EV. The main objective for e-C3 is to cater to the needs of mass-market customers and steer them away from affordable China-made vehicles, reported Bloomberg. 2 and EX30, respectively.