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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. auto market anytime soon , some U.S.

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BYD produces 200K units of its most affordable EVĀ 

Teslarati

On November 29, BYD celebrated the 200,000th Seagull EV rolling off the assembly line. The BYD Seagull made headlines as one of the most affordable electric vehicles on the market. It debuted at the Shanghai Auto Show in April 2023 with a price tag of $11,300 in China.

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Tesla Model Y becomes top-selling car in Iceland and Australia

Teslarati

The Tesla Model Y has become a top-selling car in Iceland and Australia. Tesla aimed to make the Model Y the best-selling vehicle in any category worldwide, and the SUV is performing as expected. Recently, Tesla Europe shared that the Model Y broke a 35-year-old record in Iceland. of the auto market’s June sales.

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BYD EV sales grew nearly 50% in January as exports reached a new high

Baua Electric

After topping Tesla in the final three months of 2023, BYD is starting the year off strong with EV sales rising another 50% in January. BYD EV sales momentum continues in January BYD sold 105,304 fully electric cars last month, up 48% from the 71,338 handed over last year. FTC: We use income earning auto affiliate links.

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BYD expects at least $4 billion in net income from surging EV sales

Baua Electric

After a record EV sales year, BYD expects to rake in at least $4 billion in net income. BYD forecasts its profits rising at least 75% last year. BYD expects at least $4 billion in 2023 net income BYD sold nearly 1.6 After dominating its home market and the worldā€™s largest for EVs, BYD is quickly expanding overseas.

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Tesla slashes prices across Europe on Model Y

Baua Electric

The 2024 Model Y (Source: Tesla) Tesla has slashed the prices of its Model Y across Europe this morning, after it reduced prices of its Model 3 and Model Y prices in China to undercut BYD, according to CNBC. In Germany, Tesla reduced the price of its Model Y Long Range by ā‚¬5,000 to ā‚¬49,990 ($54,340), a discount of 9%.

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Kia EV9 wins, Fisker franchises, Tesla tops BYD, leather in EVs: The Week in Reverse

Baua Electric

Among its many winning assets: It fits the form that American households seek in a family vehicle, without the luxury price tag, and itā€™s at the leading edge in all aspects of charging. The Kia EV9 is Green Car Reportsā€™ Best Car To Buy 2024. And some made-in-America EVs like those from Rivian lost half of their credit amount.

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