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BYD nearly tops all-time sales record in May as EV price cuts boost demand

Baua Electric

China’s leading EV maker, BYD , nearly reached a new sales record in May after aggressive price cuts took effect. BYD posted its second-highest sales last month as new energy vehicle (NEV) sales continued picking up. With 331,817 NEVs (EVs and PHEVs) sold last month, BYD is closing in on its all-time sales record.

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BYD teases bold Ocean-M electric car powered by its new EV platform

Baua Electric

Another fully electric BYD vehicle is set to debut this week. Ahead of its official reveal, BYD is teasing the upcoming Ocean-M electric car, which will be based on its new EV platform. BYD previews new Ocean-M EV ahead of its debut BYD is on a roll lately.

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BYD Q1 EV sales top 300,000, but is it enough to maintain a lead over Tesla ?

Baua Electric

China’s leading electric car maker, BYD , recorded over 300,000 EV sales in Q1 2024, up 13% over last year. BYD EV sales rise 13% in Q1, down sequentially After topping Tesla in the last three months of 2023, BYD is doubling down in 2024. Meanwhile, plug-in hybrid sales were up 14.5%, with 324,284 PHEVS sold.

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BYD is launching its next-gen Blade EV battery soon with more range and even lower cost

Baua Electric

BYD is expected to launch its next-gen Blade EV battery later this year. Will the new battery be BYD’s X-factor in its “liberation battle” over gas-powered vehicles? BYD to launch new Blade EV battery in 2024 FinDreams, BYD’s battery unit, launched the first-generation Blade battery in 2020, revolutionizing the industry.

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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

After new energy vehicles (EVs and PHEVs) crossed 48.2% last week in China, BYD’s CEO Wang Chuanfu said at this rate, 50% NEV share could happen in the next three months. BYD chairman predicts 50% NEV share in China sooner “The penetration rate of NEVs crossed 48.2 Last year, NEVs accounted for 35% of China’s auto sales.

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BYD and Mercedes-Benz tease new co-branded luxury electric vehicle coming this year

Baua Electric

A new BYD and Mercedes-Benz co-branded luxury electric vehicle will roll out before the end of the year. Denza was founded in 2010 as a 50:50 joint venture between Mercedes-Benz (Daimler) and BYD. Mercedes has since reduced its stake to just 10%, leaving BYD with the other 90%. for an overall Q1 sales total of 626,263.

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Are You Plugged In?

Revenge of the Electric Car

Warren Buffett is an investor in China’s BYD, which is making a compact fully electric vehicle to be sold in China later this year. And Reuben Munger, former managing partner at investment firm Baupost Group LLC, is a founder and chairman of Bright, which developed a fully electric delivery van called Idea.

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