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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. The Chinese automaker has also had a challenging first quarter.

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SIXT to buy more than 100,000 EVs from BYD

Electric Cars Report

Car rental company SIXT announced Tuesday it intends to order more than 100,000 electric vehicles from Chinese EV maker BYD for its European fleet the following six years.

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Mexico Won't Offer EV Incentives to Chinese Automakers

The Truth About Cars

Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. They also want to take action to protect American EVs from cheap or subsidized Chinese models.

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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 BYD Chairman also forecasted that exports would more than double to 500,000 units this year.

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Comment on US announces tariff hike on Chinese EVs from 25% to 100% by nov22

CN EV Post

BYD has no interest in US market at this moment, neither selling EV nor making EV in US. And Chinese still buy lots of BMW, Audi, and Mercedes. @GustavoMan627 In reply to GustavoMan627. You don't see many Chevy or Ford in China anyway. It is a show for US domestic politic.

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BYD wins contract for battery electric school bus contract in California

Teslarati

BYD recently won a contract, adding its battery-electric school bus to the California Department of General Services (DGS) statewide electric school bus contract. ” Fleet owners may purchase BYD’s Achiever Type A and the Dreamer Type D school bus through the contract. . BYD plans to launch a Type C school bus soon.

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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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