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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. While BYD said just last month that it has no plans to enter the U.S. BYD last year sold 1.57

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BYD plans to launch Tesla Cybertruck competitor in 2024

Teslarati

BYD plans to launch an electric pickup truck to compete against the likes of the Tesla Cybertruck and the Ford F-150 Lightning. According to the Chinese company’s announcement, it has developed a midsize-to-large pickup truck for the global market. She added that BYD does not have plans to enter the United States.

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BYD Europe aims to beat Tesla & big EU automakers

Teslarati

BYD Europe aims to beat Tesla and other prominent EU automakers, like Volkswagen and Stellantis. BYD European boss Michael Shu made bold claims during the Financial Times’ Future of the Car Summit. BYD Europe wants to triple its market in the region by 2025. It also plans to partner with European dealerships.

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BYD profits decline 47% quarter-over-quarter in Q1 2024

Teslarati

BYD’s profits declined by 47% in the first quarter of 2024 compared to Q4 2023. BYD sold more than 300,000 battery electric vehicles (BEVs) in the first quarter, down from 526,000 in the fourth quarter of 2024. For comparison, Tesla’s deliveries also declined in the first quarter by 8.5% year-over-year.

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BYD unveils Sea Lion 07 to compete with Tesla Model Y

Teslarati

Berkshire Hathaway-backed Chinese automaker BYD has unveiled its latest electric vehicle (EV), the Sea Lion 07, expected to take on the Tesla Model Y in the world’s largest auto market. It will be a stern challenge for Tesla because BYD now enjoys a cost advantage over its US rival.”

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CATL still dominates the EV battery market share in 2024, but BYD is gaining ground

Baua Electric

As global EV battery consumption continues rising, the most prominent players, including CATL and BYD, continue dominating the market in 2024. CATL still owns over a third of the market, but BYD looks to close the gap with new lower-priced EVs. of the market through April 2024. BYD ranked second with a 15.4%

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Sweden – Tesla Model Y Takes Over 10% Of Entire Auto Market!

CleanTechnica EVs

Sweden’s plugin electric vehicles took almost 60% of the auto market in March, up from 55.6% of the market, up from 31.8% Overall auto market volume was 30,261 units, up some 5% YoY, though still below historical seasonal norms. The Tesla Model Y was the overall best […] year on year.

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