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BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. However, BYD’s delivery estimates for 2024 are a third of 2023’s sales growth, which was 62.3%. In February, it slashed the prices of all its vehicles between 5% to 20%.

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Over half of VinFast’s 1H23 sales were to parent company VinGroup’s taxi firm

Teslarati

It appears that over half of Vietnamese electric vehicle startup VinFast’s sales during the first half of 2023 were to a taxi firm that’s owned by VinGroup, the automaker’s parent company. The sales were revealed in filings with the United States Securities and Exchange Commission (SEC). per share earlier this week. Out of the 2.3

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Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

Rising EV sales are set to remake the global auto industry and significantly reduce oil consumption for road transport, according to the new edition of the IEA’s annual Global EV Outlook , released today. In Q1, sales grew by about 25% year-over-year – similar to the growth rate seen in the same period a year earlier but from a larger base.

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VinFast Announces New U.S. Dealers Across Several States

The Truth About Cars

retail footprint, though it’s still unclear how the early reviews will affect sales of its EVs at the new locations. Though the automaker has a range of vehicle offerings in Vietnam, its only model on sale in the U.S. That said, the price isn’t terrible by current EV standards, starting at $47,200 with leases at $429 monthly.

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VinFast (VFS) EV deliveries pick up in Q4 but not enough to beat its 2023 target

Baua Electric

Tran Mai Hoa, VinFast’s Deputy CEO of Sales and Marketing, said although Q4 deliveries jumped from Q3 , “slow EV adoption rate in certain regions” impacted its delivery plans. Despite deliveries picking up all year, around two-thirds of VinFast’s Q2 and Q3 sales were to Green and Smart Mobility (GSM). Check back for more details then.

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EV newcomer VinFast sees simply 128 registrations in 5 months

Baua Electric

gross sales. Two smaller crossovers, the VF 6 and VF 7, are designed to be extra reasonably priced. VinFast has been searching for techniques to finance its growth from its miniature bottom in Vietnam to greater markets in North The us, Europe and portions of Asia. The VF 9 will get started at $84,200, VinFast mentioned.

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VinFast reveals Ford Ranger-sized VF Wild electric ute concept, Aussie DNA included

EV Central

At present, the only full electric mid-size electric ute on sale in Australia is the overpriced, under-gunned LDV e60. Less than a year later Lang Lang was back on-sale, although it has yet to find a buyer. The brand’s VF 7 mid-size SUV (think Toyota RAV4 dimensions) went on sale in Vietnam last year.