Remove Auto Remove Hungary Remove Sale Remove SUV
article thumbnail

BYD wants to bring a Land Rover-style SUV that can ‘float on water’ to Europe

Baua Electric

Chinese EV behemoth BYD may bring two off-road electric SUVs sold in China to Europe that could rival the Land Rover Defender, the Mercedes G-Class, and Ford Bronco. BYD may consider exporting two SUVs – the Yangwang U8 and the Fang Cheng Bao 5­ – to Europe, company executives told Automobilwoche. Last year, the company sold 1.6

article thumbnail

China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and hybrids, BYD sold 3 million vehicles in 2023. Tallying up its year-end sales, it’s a massive 62% growth from 2022. million vehicles.

BYD 52
article thumbnail

BMW sticks to 50% EV target by 2030—not including hybrids, PHEVs

Baua Electric

BMW still aims for about 50% global EV sales by the end of the decade, in line with a plan the automaker rolled out in 2021 , but still isn’t ready to declare an end date for internal combustion. The post BMW sticks to 50% EV target by 2030—not including hybrids, PHEVs appeared first on Bauaelectric Auto News.

BMW 52
article thumbnail

BYD is ‘just getting started’ in Europe with plans to triple its EV market share

Baua Electric

However, the company is “just getting started” in the region, says Europe CEO Michael Shu, and expects to ramp up sales quickly. Europe is much different from other key auto markets like China or the US, with several legislations and languages. BYD aims for a 5% share of EV sales in Europe, even before production begins in Hungary.

BYD 52
article thumbnail

Tesla slashes prices across Europe on Model Y

Baua Electric

VW reports BEV sales of 70,628 units last year, a 12% increase, compared to Tesla’s 63,685, a 9% drop. Electrek reported last week that BYD is dropping prices of its EVs in Germany by as much as 15%, with its Atto 3 compact SUV seeing the biggest cuts. While VW beat Tesla in Germany, it trailed by a long shot in EV sales in France.

Europe 97
article thumbnail

BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

BYD is now set to begin production at its new EV plant in Thailand in the third quarter as it looks to accelerate overseas sales. BYD set to begin EV production in Thailand in Q3 After showcasing its full range of brands at the Bangkok Auto Show this week, BYD said it will kick off EV production in the country in Q3.

article thumbnail

Telsa joins VW and BYD in cutting prices in Germany

Baua Electric

VW reports BEV sales of 70,628 units last year, a 12% increase, compared to Tesla’s 63,685, a 9% drop. Electrek reported last week that BYD is dropping prices of its EVs in Germany by as much as 15%, with its Atto 3 compact SUV seeing the biggest cuts. FTC: We use income earning auto affiliate links. However, Tesla lost its No.

Germany 52