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BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. BYD Chairman and President Wang Chuanfu held an investors conference earlier this week. The Chinese automaker estimates account for some challenges BYD expects this year.

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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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Why Tesla and BYD could dominate electric car sales for a long time yet: The rise of China

EV Central

Tesla and BYD are the top selling electric cars in Australia and the world – and that doesn’t look like changing any time soon. Back to electric car basics In stripping every panel, nut, bolt and trim item off the upcoming BYD Seal electric sedan, UBS evaluated the core engineering and estimated manufacturing costs.

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Tesla to receive battery supply from BYD, claims auto executive

Teslarati

It appears that Tesla will soon be receiving batteries from another supplier in China. During a recent interview with local media, a BYD executive stated that the Chinese car and battery maker would be supplying the American EV company with batteries. . “Tesla is a very successful company no matter what.

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BYD unfazed by Tesla price cut, reports massive profit increase in Q4

Teslarati

1 & 2 – updated to reflect mathematical accuracy BYD has apparently been unfazed by Tesla’s dramatic price cut at the beginning of the year, as it has reported an 11-fold profit increase in Q4 year over year. Tesla is the clear EV leader in the western world, but that isn’t the case in the east.

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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. automaker’s lineup-wide price cuts made throughout this year.

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