BYD aims for new frontier with $233,000 sportscar
9 months, 4 weeks ago

BYD aims for new frontier with $233,000 sportscar

Live Mint  

BYD’s launch of a $233,000 sports car underscores the Chinese electric-vehicle maker’s ambitions to boost its market share across the buying spectrum, and its hopes that higher returns for luxury models can lift its bottom line. The U9’s rollout comes as BYD, best known for its budget-friendly cars in China, seeks to capture more of the high-end market, even as EV sales slow globally and competitors in China trim prices to attract consumers at a time of macroeconomic uncertainty. Daiwa analyst Kelvin Lau said that while the U9’s pricing is slightly higher than an expected range of CNY1.0 million-CNY1.5 million, “you can expect higher and higher contribution from high-end brands." BYD’s sales have been rising amid the rollout of new models and the recent price cuts, helping it dethrone Tesla as the world’s biggest EV maker in the final quarter of 2023.

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History of this topic

The retreat from the world’s largest auto market has begun
1 week ago

The retreat from the world’s largest auto market has begun

CNN  

New York CNN — It wasn’t long ago that China was by far the largest and most profitable market for General Motors. “Every international brand is suffering in China.” While GM has yet to announce the details of its restructuring in China, Schuster and other experts said most Western automakers, including GM, are looking at how long they can stay …

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
2 weeks ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost  

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war
3 weeks, 5 days ago

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war

Firstpost  

BYD’s aggressive pricing strategy appears to be paying off — the Chinese EV maker recently overtook Tesla in revenue for the first time, reporting a gross margin of 21.9 per cent, its highest in a year Unlike some of its rivals, BYD has not only weathered the price war but emerged stronger. The leaked email highlights BYD’s readiness to further …

China’s EV price war is so brutal that BYD is trying to pinch its suppliers
3 weeks, 5 days ago

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China’s top maker of electric vehicles wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight …

Chinese carmaker BYD revs up Brazil's enthusiasm for EVs
1 month ago

Chinese carmaker BYD revs up Brazil's enthusiasm for EVs

China Daily  

By MINLU ZHANG in Rio de Janeiro | China Daily | Updated: 2024-11-22 07:32 Visitors check out a BYD electric car at an exhibition in Salvador, the capital of Brazil's Bahia state, on July 4. I'm very passionate about electric vehicles," he said, adding that some of the 35 employees of the store — all Brazilians — also drive BYD …

Chinese EV maker BYD’s revenue beats Tesla for first time
1 month, 3 weeks ago

Chinese EV maker BYD’s revenue beats Tesla for first time

CNN  

Beijing — Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives. With third-quarter revenue up 24% on year to 201.1 billion yuan, BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion. BYD, whose cars …

Chinese EV giant BYD posts 24.4% rise in profit
3 months, 3 weeks ago

Chinese EV giant BYD posts 24.4% rise in profit

Hindustan Times  

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets. Chinese EV giant BYD posts 24.4% rise in profit The company posted a net profit of $1.91 billion in the January-June period, up from $1.54 billion …

Chinese EV maker eyes entry into Canada
4 months, 2 weeks ago

Chinese EV maker eyes entry into Canada

China Daily  

People visit the exhibition booth of BYD at an auto show in Xi'an, Northwest China's Shaanxi province, May 1, 2024. China's leading electric vehicle maker BYD could bring lower-priced cars to the Canadian market, but will have to consider several factors, including the prospect of higher tariffs, an auto industry expert said. Public documents filed in Ottawa in late July …

Uber, China’s BYD, form partnership to deploy 100,000 EVs in EU and Latin America
4 months, 3 weeks ago

Uber, China’s BYD, form partnership to deploy 100,000 EVs in EU and Latin America

Associated Press  

BANGKOK — The ride sharing giant Uber and Chinese automaker BYD plan a partnership to introduce 100,000 BYD model EVs on the Uber platform in Europe and Latin America, eventually expanding to other markets, the companies announced. The arrangement would offer Uber drivers access to favorable pricing, insurance, financing and other services for BYD vehicles, the companies said in a …

BYD eyes major charge in Japan
5 months, 4 weeks ago

BYD eyes major charge in Japan

China Daily  

Atsuki Tofukuji, president of BYD Auto Japan, poses for a photo with the BYD Seal, a sporty electric sedan, in Tokyo on Tuesday. Electric vehicle giant BYD started selling the BYD Seal, the third EV model it introduced to Japan, at 55 authorized dealerships across the country on Tuesday. According to a preliminary survey conducted by BYD Auto Japan at …

BYD releases 5th-generation DM hybrid technology with 2,100-km range
6 months, 3 weeks ago

BYD releases 5th-generation DM hybrid technology with 2,100-km range

China Daily  

Visitors inspect BYD electric cars at the IAA Mobility 2023 international motor show in Munich on Sept 6. LEONHARD SIMON/GETTY IMAGES SHENZHEN -- Chinese new energy vehicle giant BYD has released its fifth-generation DM hybrid technology for plug-in hybrid electric vehicles with a comprehensive driving range of 2,100 kilometers. With the technology, BYD's plug-in hybrid vehicles can lead globally in …

From Shenzhen to Bremen, automotive cooperation takes new steps forward
7 months, 1 week ago

From Shenzhen to Bremen, automotive cooperation takes new steps forward

China Daily  

A sedan from Chinese carmaker BYD stands in front of car freighter BYD Explorer No 1 that came to Bremen, Germany, from Shenzhen, Guangdong province, in February. SHENZHEN — A ro-ro ship under the name BYD Explorer No 1, the first of the new energy vehicle giant's "shipping fleet" — with another seven transport ships under construction — arrived at …

Chinese BYD Seal Launched in India at Rs 41 Lakh
9 months, 2 weeks ago

Chinese BYD Seal Launched in India at Rs 41 Lakh

Deccan Chronicle  

Pune: BYD, the Chinese automaker, on Tuesday introduced the imported Seal electric sedan priced at Rs 41 lakh for the entry-level Dynamic variant, Rs 45.55 lakh for the Premium variant and Rs 53 lakh for the top-end Performance AWD variant. BYD has started wooing buyers for the Seal for a token amount of Rs 1.25 lakh, and those who book …

BYD making inroads into Japanese market
10 months ago

BYD making inroads into Japanese market

China Daily  

By JIANG XUEQING in Tokyo and LI FUSHENG in Beijing | China Daily | Updated: 2024-02-20 09:48 BYD showcases five electric vehicle models and core technologies at the Japan Mobility Show 2023, formerly known as the Tokyo Motor Show, in Tokyo in October. However, companies familiar with BYD's development in Japan over the years said it was inevitable because the …

BYD Seal to launch on March 5 as Chinese EV maker's third car in India
10 months, 1 week ago

BYD Seal to launch on March 5 as Chinese EV maker's third car in India

Hindustan Times  

China-based world's most popular EV manufacturer, BYD Auto, will launch its Seal mid-size sedan on March 5 in India. Battery and range Equipped with the in-house Blade battery technology, the e-sedan is offered with two battery options globally: a 61.4 kWh with a range of 550 kms on a single charge, and a larger 82.5 kWh unit delivering up to …

What is BYD? How a battery maker beat Tesla to become the world's largest EV company
10 months, 1 week ago

What is BYD? How a battery maker beat Tesla to become the world's largest EV company

ABC  

This is the story of a young company that took a risky bet on electric vehicles and grew into a giant. The company is the Chinese car maker BYD, which recently overtook Tesla as the world's largest EV company. "In the EV space, the only two players that have any scale are Tesla and BYD," Mr Le says. Late last …

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call
10 months, 4 weeks ago

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call

Firstpost  

The stock value of Tesla saw a significant dip of just over 12% on Thursday following remarks by CEO Elon Musk highlighting the challenges posed by Chinese electric-car manufacturers, whom he referred to as “the most competitive car companies in the world.” During Tesla’s earnings call on Wednesday, Musk praised Chinese carmakers such as BYD, Geely, and SAIC, emphasizing their …

This carmaker overtakes Volkswagen as China's best-selling car brand
11 months ago

This carmaker overtakes Volkswagen as China's best-selling car brand

Hindustan Times  

BYD Co. officially overtook Volkswagen AG as China’s best-selling car brand in 2023, clear evidence its all-in bet on electric vehicles in the world’s biggest automobile market is paying dividends and helping it pass some of the world’s biggest legacy names. Shenzhen-based BYD chalked up 2.4 million new domestic car insurance registrations last year, data from the China Automotive Technology …

A Lamborghini-style EV: BYD goes upmarket to outmaneuver Tesla
11 months ago

A Lamborghini-style EV: BYD goes upmarket to outmaneuver Tesla

Live Mint  

HONG KONG—BYD overtook Tesla as the world’s top electric-vehicle seller by pumping out a range of affordable cars that gave Chinese drivers what they wanted: choice. In China, the world’s biggest EV market, Tesla’s market share has been shrinking: BYD now sells five cars to every one that the U.S. automaker does. BYD is estimated to have sold around 13,000 …

BYD gets vessel to ship EVs overseas as automaker leads in fast-growing field
11 months, 1 week ago

BYD gets vessel to ship EVs overseas as automaker leads in fast-growing field

China Daily  

CIMC Raffles, a subsidiary of Chinese logistics and energy equipment maker China International Marine Containers Co Ltd, recently delivered a car-shipping vessel at Longkou in Shandong province, which will be used by Chinese electric vehicle maker BYD to ship its new energy vehicles overseas. The vessel — BYD Explorer No.1 — was built by the Yantai, Shandong province-based company for …

China’s BYD is rivaling Tesla in size. Can it also match its global reach?
11 months, 2 weeks ago

China’s BYD is rivaling Tesla in size. Can it also match its global reach?

Associated Press  

BEIJING — A less flashy Chinese electric vehicle maker is fast closing the gap with Tesla, the longtime, market-leading pioneer. The rise of BYD and other Chinese electric vehicle makers is a challenge not only for Tesla but also the world’s major automakers as Chinese competitors push into Europe, Southeast Asia and other overseas markets with a relatively affordable option …

China’s BYD to reward dealers with gifts worth 2 billion Yuan for hitting sales target, beating Tesla
11 months, 3 weeks ago

China’s BYD to reward dealers with gifts worth 2 billion Yuan for hitting sales target, beating Tesla

Firstpost  

The Chinese automaker BYD has surpassed Tesla in global electric car sales during the fourth quarter last year, and plans to give away rewards amounting to billions of yuan to its Chinese dealers, said a Reuters report, quoting sources familiar with the matter. The number 666 holds significance in China, as it sounds like the word for “cool” or “amazing.” …

BYD set to overtake Elon Musk's Tesla as ‘world’s most popular EV maker’
11 months, 3 weeks ago

BYD set to overtake Elon Musk's Tesla as ‘world’s most popular EV maker’

Hindustan Times  

China’s BYD Co. bills itself as the biggest car brand you’ve never heard of. “The competitive landscape of the auto industry has changed,” said Bridget McCarthy, head of China operations for Shenzhen-based hedge fund Snow Bull Capital, which has invested in both BYD and Tesla. BYD began preparing long ago to be able to do this faster than anyone thought …

Chinese automaker BYD plans a new EV plant in Hungary as part of its rapid global expansion
1 year ago

Chinese automaker BYD plans a new EV plant in Hungary as part of its rapid global expansion

Associated Press  

BANGKOK — Chinese automaker BYD said Friday that it plans to build a new electric vehicle plant in Hungary, its first car factory in Europe, as part of its rapid global expansion. BYD, based in the southern Chinese city of Shenzhen, said it plans to create thousands of jobs in creating a “local green ecosystem” for manufacturing its electric vehicles. …

BYD expands investment in Jinan
1 year, 4 months ago

BYD expands investment in Jinan

China Daily  

Jinan BYD Auto Co, a subsidiary of BYD Auto, recently acquired 156.2 hectares of industrial land in the Jinan Start-up Area for Growth Drivers Transformation with a transaction price of 820.3 million yuan, local media reported. This makes Jinan an ideal location for the development of the new energy vehicle industry. Furthermore, as a major city in the Yellow River …

BYD expands investment in Jinan
1 year, 4 months ago

BYD expands investment in Jinan

China Daily  

Jinan BYD Auto Co, a subsidiary of BYD Auto, recently acquired 156.2 hectares of industrial land in the Jinan Start-up Area for Growth Drivers Transformation with a transaction price of 820.3 million yuan, local media reported. This makes Jinan an ideal location for the development of the new energy vehicle industry. Furthermore, as a major city in the Yellow River …

Chinese electric vehicle brands expand to global markets
1 year, 7 months ago

Chinese electric vehicle brands expand to global markets

Associated Press  

YOKOHAMA, Japan — Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. They bring fast-developing technology and low prices that Tesla Inc.'s chief financial officer says “are scary.” Furukawa said he ordered an ATTO 3 when it went on sale Jan. 31, for its user-friendly features and appealing price of 4.4 million …

BYD Auto Remains EV Market Leader, Widens Leadership Gap With Tesla in Q3 2022
2 years ago

BYD Auto Remains EV Market Leader, Widens Leadership Gap With Tesla in Q3 2022

News 18  

China’s BYD Auto remained the global market leader, shipping more than 537,000 EV units – an increase of 197 percent – in the third quarter this year, leaving Elon Musk-run Tesla far behind globally. On the other hand, Tesla’s global sales grew only 43 percent YoY in Q3 2022 to over 343,000 units, according to Counterpoint Research. BYD’s overseas operations …

Chinese Electric Carmaker BYD Eyes Top Position in the Indian EV Market
2 years, 2 months ago

Chinese Electric Carmaker BYD Eyes Top Position in the Indian EV Market

News 18  

Chinese electric carmaker BYD is eyeing a leadership position in the Indian electric passenger vehicle market as it looks to garner a market share of 40 percent in the segment by 2030, a senior company official said on Tuesday. The company, which launched its second product, an electric sports utility vehicle ‘ATTO 3’ for the Indian market, is banking on …

BYD launches Atto 3 in India, book this electric SUV at token amount of ₹50k
2 years, 2 months ago

BYD launches Atto 3 in India, book this electric SUV at token amount of ₹50k

Hindustan Times  

China's Build Your Dreams has added to its portfolio in India with the launch of the electric Atto 3 SUV. Atto 3 – the company's second car in India after the e6 electric MPV – debuted on Tuesday, and BYD is accepting bookings at a token amount of ₹50,000. Sanjay Gopalakrishnan, Senior Vice President of Electric Passenger Vehicles of BYD …

China's BYD to unveil its Atto 3 electric car in India in October-December: Reports
2 years, 3 months ago

China's BYD to unveil its Atto 3 electric car in India in October-December: Reports

Hindustan Times  

Chinese carmaker Build Your Dreams is all set to unveil an electric vehicle for the Indian market in October-December quarter, and will then display the car during the Auto Expo in Delhi in January 2023, according to reports. Whenever it is launched, the EV, called Atto 3, will be the company's latest offering in India, after November 2021's multi-purpose vehicle, …

BYD India to open 25 showrooms across India by mid-2023
2 years, 3 months ago

BYD India to open 25 showrooms across India by mid-2023

The Hindu  

Global automotive maker BYD is set to expand its footprint in India by opening at least 25 dealership showrooms by mid-2023. The country's second dealership showroom of BYD India Private Limited, a subsidiary of the China-headquartered BYD, and PPS Motors was inaugurated here on Thursday by the company's senior vice-president Sanjay Gopalakrishnan, Vijayawada East MLA Gadde Rammohan Rao and others. …

China’s BYD was written off by Elon Musk. Now it’s beating Tesla
2 years, 4 months ago

China’s BYD was written off by Elon Musk. Now it’s beating Tesla

Al Jazeera  

The Shenzhen-based electric carmaker sold more than 641,000 vehicles in the first half of 2022. Now domestic brands offer more choice – so no wonder the sales of BYD are better than Tesla’s.” BYD’s spectacular rise comes despite years of naysaying about the quality and safety of China’s electric vehicles, underscored by staggeringly high recall rates across the industry that …

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