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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. auto sector,” the organization writes. auto sector,” the organization writes. auto industry appeared first on TESLARATI. BYD last year sold 1.57

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

The United States is the third-largest electric vehicle (EV) producer behind China and Europe; a new study from the International Council on Clean Transportation (ICCT) finds that the gap has widened. Based on company announcements through 2020, about 5% of this global total is actively being invested in local US assembly plants.

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

The Truth About Cars

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. Though it’s behind Tesla in global sales, BYD is king in China. Its growth is staggering, as it more than doubled in size between the second quarter of 2022 and Q2 2023.

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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). and overseas in Shanghai, China and outside of Berlin, Germany. automaker’s lineup-wide price cuts made throughout this year.

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Target for 50 percent export share: Piyush Goyal tells automakers | Autocar Professional

Baua Electric

At a time when global automakers are looking beyond China towards India for a reliable and best cost base, the Minister of Commerce and Industry Piyush Goyal said the Indian auto industry should target to increase their share of exports to at least 50 percent. lakh worth of components in 2022-2023.

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BYD launches lower-priced version of its Tesla Model 3 rival electric sedan, starting at $25K

Baua Electric

Global EV leader BYD launched a new version of its Seal electric sedan Monday, with starting prices around $25,000 (179,800 yuan). BYD new Seal electric Sedan (Source: BYD) At 4,800 mm long, 1,875 mm wide, and 1,460 mm tall, the new Seal is a direct rival to the Tesla Model 3 (4,720 mm x L, 1,848 mm x W, 1,442 mm x H) in China.

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Ceres: national fuel economy and emissions standards can increase viability of domestic automakers and suppliers

Green Car Congress

For example, China, the largest car market, recently announced a goal of 40% of sales in 2030 will be “New Energy” vehicles. Given the major trends affecting the industry going forward, weakening the current fuel economy standards would in fact be detrimental to the future competitiveness of U.S. automakers and their suppliers.