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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

About half of BYD’s sales are all-electric, while the other half are PHEVs. Wang said China’s NEV makers must embrace the industry’s shift while advancing cleaner tech. Now, the automaker has several fully electric models below or close to the 100,000 yuan mark. Last year, NEVs accounted for 35% of China’s auto sales.

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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). Production was also up significantly, with 114,365 EVs built last month, up 64% YOY.

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Electric cars buyers guide

Drive Electric

Fully-electric vehicles produce zero emissions and are far more efficient when it comes to using energy. That’s why the government has banned the sale of petrol and diesel cars from 2030.

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

last month, but battery electric vehicle sales decreased by only 58.1%. 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%. More eco-conscious markets will help EVs to emerge stronger.

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