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Here’s how China’s BYD is working on its image problem

Baua Electric

While European automakers have been shifting over to direct sales à la Tesla, China’s BYD, for Build Your Dreams, along with Chinese peers Xpend and Great Wall Motor are looking to dealers to build sales and provide networks to help their brands build solid reputations and trust among Europeans. Last year, the company sold 1.6

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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. BYD is already leading in growing EV markets like Thailand, Brazil, and Columbia. It includes four electric motors for over 1,200 horsepower. billion (31 billion yuan) in net income.

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

Baua Electric

1 is the first Chinese-made ship designed to carry domestic EVs overseas. First BYD ship sets sights on Europe to deliver EVs Marking a “new era” for Chinese vehicles, BYD’s first ship designed to carry EVs arrived at Yantai Port on January 9. 1 is the first vessel built by a Chinese shipyard designed for exporting domestic vehicles.

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

Baua Electric

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. Powered by four electric motors, the U9 packs 1,287 hp (960 kW) and 1,200 lb-ft (1,680 Nm) torque for a 0 to 62 mph (0-100 km/hr) sprint in 2.36

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. The main export markets for these vehicles were Europe and countries in the Asia Pacific region, such as Thailand and Australia. China exported over 1.2 million EVs in 2023 In China, the number of new electric car sales reached 8.1