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Tesla slashes prices across Europe on Model Y

Baua Electric

Electrek reported last week that BYD is dropping prices of its EVs in Germany by as much as 15%, with its Atto 3 compact SUV seeing the biggest cuts. BYD only sold 4,140 cars in Germany in 2023, but is looking for 10% market share after its factory in Hungary starts production in a few years. Meanwhile, Tesla shares were down 1.6%

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Telsa joins VW and BYD in cutting prices in Germany

Baua Electric

Electrek reported last week that BYD is dropping prices of its EVs in Germany by as much as 15%, with its Atto 3 compact SUV seeing the biggest cuts. BYD only sold 4,140 cars in Germany in 2023, but is looking for 10% market share after its factory in Hungary starts production in a few years. Get started here.

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China’s Chery to set up shop in Europe

Baua Electric

It’s all part of the Chinese brand’s ambitious plan to set up three brands in Europe and launch three new models for each brand, all by 2026 – yet, unfortunately, Chery wants to bring ICE vehicles along with its low-cost EVs, including a luxury gas-burning SUV brand that it already sells in China.

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BMW spends billions to push its next-gen EVs into Tesla territory

Baua Electric

A new factory in Debrecen, Hungary, currently under construction, will also build only electric cars, with the upcoming Neue Klasse models planned to be built there in 2025. From 2025, we can expect to see six Neue Klasse models rolling out, including a 3 Series-sized sedan and an SUV. Get started here.

BMW 52
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Mercedes-Benz will be producing 8 all-electric EQ models in 2022

Green Car Congress

With the production launch of the electric compact SUV EQA at the Rastatt plant (Germany) and the current decision to locate EQB production in the Hungarian plant in Kecskemét, the company is taking further important steps toward making its product portfolio CO? The EQA production launch at the Mercedes-Benz Rastatt plant went smoothly.

Mercedes 259
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BYD slashes price on its best-selling SUV to $16K to compete with gas cars

Baua Electric

The Atto-3 SUV / Source: BYD Europe After recently reducing prices of its refreshed Han and Tang models , Build Your Dreams (BYD) just launched a new version of its top-selling EV Yuan Plus – known as the Atto 3 in overseas markets – to $16,644 in China, making it one of the lowest-priced EVs out there. Get started here.

BYD 52
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Mercedes-Benz prepares car production network for new electric portfolio

Green Car Congress

Core Luxury: The Mercedes-Benz plants in Bremen, Germany and Kecskemét, Hungary to manufacture vehicles in Europe based on the MB.EA The EQB compact SUV was launched at the Mercedes-Benz Kecskemét plant in 2021 and is the first purely electrically powered series production vehicle from Hungary. Tuscaloosa.

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