Remove Auto Industry Remove BYD Remove Chinese Remove Sale
article thumbnail

BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

Build Your Dreams, or BYD, is likely one of the largest companies you’ve never heard of. The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it.

article thumbnail

BYD expects its Q1 NEV sales to grow over 80% YoY, aims to be largest automaker in China by year-end

CN EV Post

Based on January-February retail sales, BYD is already the largest automaker in China with an 11.8 percent share. | BYDDY.US | BYD HK BYD's new energy vehicle (NEV) sales are expected to maintain strong growth in the first quarter, despite the overall weak performance of China's passenger vehicle market.

BYD 136
article thumbnail

China Needs More Ships to Handle Its Rapidly Growing EV Exports

The Truth About Cars

The country’s tech, automotive, and manufacturing industries have become juggernauts in their respective sectors, and the Chinese auto industry has solidified itself as a global force. China had long been a sort of a sleeping giant in the world economy, though it hasn’t been so sleepy over the last few decades.

China 94
article thumbnail

Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

Volkswagen faces mounting pressure to keep up with Tesla and Chinese automakers in the transition to battery-electric vehicles (BEVs), and its success in doing so could have major implications. Volkswagen had just around 145,000 sales. The post Volkswagen faces mounting pressure from Tesla and BYD appeared first on TESLARATI.

BYD 95
article thumbnail

BYD: Autonomous Vehicles Are "Basically Impossible"

The Truth About Cars

BYD, China’s largest electric automaker, isn’t as gung-ho about autonomous vehicles as many other auto industry giants. A company spokesperson recently said that BYD believes self-driving tech that is “fully separated from humans is very, very far away, and basically impossible.”&

BYD 84
article thumbnail

NIO CFO says confident of meeting this year's sales target

CN EV Post

| NIO US | NIO HK | NIO SG An NIO (NYSE: NIO) executive re-emphasized the electric vehicle (EV) maker's confidence that it will meet its goal of doubling sales this year, at a time when the Chinese auto industry has been weak overall so far this year. "We Our team is very confident in that," Li said at the time.

Sale 143
article thumbnail

Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

He pointed out that electric vehicles and plug-in hybrids account for 14% of global car sales, led by Asian automakers. million electric vehicles sold in 2023, according to the Chinese Passenger Car Association, or 60% of the global total), it already had [a] market share of close to 4% in Europe in 2022.

China 93