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Chevy Bolt cheap? This Chinese knockoff is a third the price, readying for export

Electrek

As BYD expects to pass Tesla in Global EV sales this year by expanding its markets with significantly lower-priced vehicles, will we start seeing these hyper-cheap products outside of BYD’s home market of China? more… The post Chevy Bolt cheap?

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Tesla maintains an Outperform rating by Wedbush as Q1 2024 ends

Teslarati

Wedbush maintained Tesla’s Outperform rating with a $315 price target as Q1 2024 ends. According to Wedbush analysts, Tesla remains on track to exceed 2 million unit deliveries in 2024. The investment firm predicts near-term headwinds but stated in a note on Wednesday that the negative sentiment on Tesla is “way overdone.”

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BYD Europe aims to beat Tesla & big EU automakers

Teslarati

BYD Europe aims to beat Tesla and other prominent EU automakers, like Volkswagen and Stellantis. The Chinese automaker plans to use an aggressive marketing strategy to accomplish its goal. Research from Transport & Environment stated that a quarter of all EV sales this year will be China-made cars.

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Tesla Model Y and BYD Atto 3 lead the way as Chinese-built electric vehicle sales soar in Australia

EV Central

The Tesla Model Y continues to lead the electric car surge in Australia, finishing fourth outright on the sales ladder in July. Add in 604 Model 3 sedan sales and Tesla claimed eighth overall in July with 3934 sales. It also sits eighth for the year with 29,511 sales. For the year they have a 7.35

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Xiaomi CEO admits Tesla has unique advantage over EV competitors

Teslarati

Xiaomi CEO Lei Jun said that Tesla has the unique advantage of being able to raise the prices of its electric vehicles, a move that other companies cannot pull off because they are risking “huge losses.” Xiaomi’s SU7 is priced high compared to many other EVs in the Chinese market.

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China’s EV market hits its stride with 1-in-3 sales being electrified

Teslarati

Chinese electric vehicle sales have hit 31 percent of the overall market, with 25 percent being pure EVs, a substantial growth year-over-year. According to a report by CleanTechnica , sales of electrified vehicles in May hit 31 percent of the overall market with 25 percent being fully electric vehicles.

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Farley: Chinese language automakers turning into EV ‘powerhouse’

Baua Electric

CEO Jim Farley says Chinese language electrical car makers are its primary competitors within the sector, however the corporate has hurdles competing on charge at a smaller scale. “We see the Chinese as the main competitor, not GM or Toyota,” Farley stated Thursday on the Morgan Stanley Sustainable Finance Zenith.

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