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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). BYD’s PHEV sales were up 21% to 95,715 last month. 1, headed for Europe.

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Roskill: automotive batteries and stainless steel to drive nickel demand

Green Car Congress

In its new ten-year market outlook to 2027, Roskill, a leading provider of international metals and minerals research, forecasts primary nickel consumption to rise by just under 4% per year between 2017 and 2027, driven by increased consumption by stainless steel producers and by growth in demand in the automotive battery sector.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

These trends indicate that growth remains robust as electric car markets mature. Battery electric cars accounted for 70% of the electric car stock in 2023, states the IEA annual report of the EV global parc. However, sales remain limited elsewhere, even in countries with developed car markets such as Japan and India.