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BYD sees NEV share reaching 50% in the next 3 months in China as EV price war heats up

Baua Electric

Wang said China’s NEV makers must embrace the industry’s shift while advancing cleaner tech. Last year, NEVs accounted for 35% of China’s auto sales. Electric vehicles pushed China past Japan to become the global auto export leader. FTC: We use income earning auto affiliate links.

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Volvo and CATL have big plans for old EV batteries

Baua Electric

In fact, Volvo’s last diesel-powered car rolled off the production line last month as the automaker looks toward a cleaner future. Volvo sold over 113,000 fully electric vehicles in 2023, up 70% compared to 2022. Electric cars accounted for 16% of Volvo’s total vehicle sales in 2023, but this year is expected to be even bigger.

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

Baua Electric

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. Interestingly, BYD’s all-electric vehicles are beginning to outpace its plug-in hybrids (PHEVs). It’s about transitioning the auto industry for a sustainable future.

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

In Germany, statistics from the Federal Motor Transport Authority reveal that total car registrations in March fell by 38% while fully electric cars actually grew by 56% and hybrids by 208%. Chinese car producer BYD even recorded a 337.25% increase in March sales amongst its fully electric and hybrid car models.

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