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

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. auto sector,” the organization writes. auto industry appeared first on TESLARATI.

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BYD had its slowest profit growth in two years in Q4

Teslarati

Chinese automotive giant and electric vehicle (EV) maker BYD posted its 2023 earnings results this week, with the company reporting its slowest quarterly growth rate in almost two years. auto industry BYD’s full-year 2023 net profit increased by 80.7 The automaker posted 8.67 billion yuan (~1.2 percent to 180.04

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Tesla’s apparent red carpet treatment in India an effective tool against rivals

Teslarati

BYD’s sales of pure electric cars lag against Tesla’s, but in terms of raw NEV volumes, the Chinese automaker is far ahead of the American EV company. India is an increasingly important market in the auto industry. These include BYD, which outsell Tesla in China in terms of New Energy Vehicles (NEVs) sales.

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Toyota to receive $853 million subsidy to expand local battery production

Teslarati

Toyota Motor Company is expected to receive an $853 million subsidy from Japan’s industry ministry to expand its electric vehicle (EV) battery production. Toyota plans to produce low-cost battery cells with 621 miles of cruising range before 2030. Toyota has ambitious EV battery production plans for the future.

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Under US pressure, Mexico refuses to offer incentives for Chinese EV makers – Charged EVs

Baua Electric

After decades of trumpeting “free trade,” and watching industry after industry decamp to China, the US government has apparently decided to draw a red line in front of the auto industry, and protectionism is back in style. US automakers are currently protected from Chinese competition by a 27.5%

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China’s BYD Says Prospective Mexican Plant Won’t Export to U.S.

The Truth About Cars

Chinese automaker BYD has been seeking to build an automotive plant in Mexico, with the company’s regional chief executive confirming the plan on Wednesday. manufacturing advocacy group, the Alliance for American Manufacturing, this month warned low-cost Chinese cars and parts could threaten the viability of auto companies in the U.S.

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Li-ion Manufacturer Boston-Power Names Former GM Senior Executive Bob Purcell to Board; Expansion Into Transportation With a Focus on PHEVs and BEVs

Green Car Congress

Boston-Power is bringing to the transportation industry a game-changing lithium-ion battery that delivers unmatched levels of high energy density, safety, low cost, fast charge and environmental sustainability. —Bob Purcell. Volumetric density of 420Wh/L. 1,000+ cycles at 100% Depth Of Discharge (DOD).

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