In May 2024, BYD achieved a 38.13% YoY increase in monthly sales, with a total monthly sales of 331,817 New Energy Vehicles. Join us in our commitment to driving the automotive industry towards a greener future. #BYD #BuildYourDreams #NewEnergyVehicle #EV #GreenMobility #EVnews
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Nobody wants EV, a narrative, particularly from the US, aimed at trying to make people question the transition. But it's BS. It's not no one want EV, it's no one wants overpriced uncompetitive EV. Yes VW, Ford, GM and others have lots of EV sitting unbought and having to discount heavily. But Tesla has had yet another record year and close rival BYD Has increased sales by 85%. Total EV sales are up over the world, many in double digit percentages. So what's going on? Three things in particular. 1. Many OEM are in their first generation of EV. Pretty much every 1st generation EV has serious teething and quality issues. Tesla did, BYD did, Nissan did. So it is no surprise others are finding its a lot more than just replacing an engine and fuel system with electric motors and batteries. Software is key and takes time to get right. plus using old manufacturing methods don't provide the big advantages starting anew has done for Tesla and other EV focused brands. 2. Tesla started at top end pricing to make economics work. Others have followed focusing on high end, big battery and overpriced models. Problem is the market has moved. Tesla has not only moved to more mainstream, it has cut its manufacturing costs and has a simplified product choice. plus in that time the Chinese have improved their quality, become experts in EV and are very keenly priced. This has made VW, Toyota and even Hyundai and KIA look over priced with below average specs. 3. The advances in EV tech has progressed much faster than old OEM are used to. They are used to taking 5 plus years to get new model to market and setting prices and specifications early and sticking to them. Nissan Ariya is perfect example of this. It's stats and price were ok when announced, but by time arrived, below average and over priced. So look at the models that are struggling for sales. Nearly all have two if not 3 of these issues.The one's that are doing well? Have none if these issues. The positive for old OEM is that if they keep investing, keep improving and change how they make their cars they can succeed. Bad news though, many have cut investment and stuck to their old ways. Toyota, though seems to have realised how uncompetitive its products are, not just vs Tesla but compared to BYD. As a result they have put off model role out but not investment. They are now looking at gigacasting and how they make EV. Yes they still full of BS and hedging bets but there are some who seem to understand the extent of the problem. So yes there is demand for EV, and markets with access to Chinese EV, are seeing prices lower and quality improve. Some like Hyundai and KIA are realising need to pivot even further but others seem lost in their own poor decisions. And remember the Nth American market is no longer number 1, many of the issues in EV in US don't translate elswhere, in particular preference for giant trucks and a society so caught up in a culture war, people ignore facts.
BYD sold 3 million new energy vehicles in 2023 Annual sales: 3,024,417 NEVs, a YoY growth of 61.8%. Monthly sales (December): 341,043 NEVs, a YoY growth of 45%. With an expanding brand matrix and cutting-edge technologies, BYD continues to lead the global shift toward eco-friendly and efficient transportation. #Technology #EV #Business #FutureOfMobility
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#BYD's Game-Changing Hybrid: A New Era in the Global EV Race BYD's launch of a hybrid vehicle with a 1,300-mile range at an astonishingly low price of $13,800 is set to disrupt the global automotive market. This strategic move not only addresses range anxiety but also intensifies the competitive pressure on both domestic and international automakers, potentially reshaping the EV landscape and driving technological advancements. Strategic Impact and Market Dynamics: 🌍 BYD's new hybrid vehicle directly addresses range anxiety, offering a 1,300-mile range that can travel from New York to Miami on a single charge. 🌍 Priced at $13,800, BYD's aggressive pricing strategy is likely to escalate price wars in the EV sector, compelling competitors like Tesla and Toyota to reconsider their pricing models. 🌍 The affordability of BYD's hybrid could attract a broader consumer base, pressuring competitors to innovate and enhance their offerings. Innovation and Technological Advances: 🔋 BYD's fifth-generation plug-in hybrid technology sets a new benchmark with an 800-mile range on a single tank of gas, combined with an extended electric range. 🔋 This technological leap underscores BYD's commitment to pushing the boundaries of EV capabilities, potentially accelerating global adoption of hybrid and electric vehicles. Investor Insights and Recommendations: 🚗 Emerging Market Opportunities: Monitor BYD's market performance and consider opportunities in companies innovating in hybrid and EV technologies. 🚗 Competitive Pressure and Strategic Positioning: Evaluate companies well-positioned to adapt to intensified competition and leverage their technological capabilities. 🚗 Sustainability and Long-term Growth: Prioritize companies committed to sustainable practices and advanced technologies for long-term value and resilience. BYD is not just participating in the EV race; it's actively shaping the future of mobility. The launch of this groundbreaking hybrid vehicle underscores the transformative potential of technological advancements and strategic pricing in redefining industry standards and consumer expectations. Stay tuned with Market Unwinded for more in-depth analyses and strategic insights into the evolving landscape of the automotive industry. Read More: https://lnkd.in/gxvdXZ-X #BYD #HybridVehicles #ElectricVehicles #MarketUnwinded #AutomotiveInnovation #InvestmentInsights #SustainableMobility #EVMarket
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https://lnkd.in/edqZ3uyF #343 BYD (Build Your Dreams) one of the largest electric vehicle (EV) companies in China by revenue BYD (Build Your Dreams) was one of the largest electric vehicle (EV) companies in China by revenue. It's important to note that the electric vehicle industry is dynamic, and the rankings of companies can change over time. BYD is known for producing a wide range of electric vehicles, including electric cars, buses, and commercial vehicles. https://antharas.co.uk/ https://lnkd.in/eP62zZ_E
#343 BYD (Build Your Dreams) one of the largest electric vehicle (EV) companies in China by revenue
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BYD, a Chinese EV leader, reported record-breaking sales of 301,378 plug-in electric cars in November 2023, a 31% increase year-on-year. This growth includes sales of sub-brands like Denza and Yangwang. Despite this achievement, the growth rate shows signs of slowing, nearly mirroring October's figures. Battery-electric vehicles (BEVs) saw a 49% surge, while plug-in hybrids (PHEVs) experienced a 13% increase. BYD's focus on the all-electric vehicle market is evident, with BEVs accounting for the majority of sales. Facing a competitive market, BYD aims to reach 3 million plug-in car sales this year, necessitating robust sales in December to meet this ambitious target. #EVNews #BYD #ElectricVehicle #EV #PHEV https://lnkd.in/gNJZFkgd
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BYD, a leading Chinese electric vehicle (EV) maker, is set to enter the South Korean market with three models in the first half of 2024. This move will intensify competition, especially against Hyundai and Tesla, challenging the current market dynamics. BYD's offerings, including the Atto 3, Seal, and Dolphin, are poised to redefine affordability and innovation in the EV sector, signaling a significant shift in the global automotive landscape. #EVNews #EV #BYD #ElectricVehicles #SouthKorea #Atto3 #SealEV #DolphinEV #Hyundai #Tesla #EVCompetition #AutomotiveInnovation #SustainableDriving #GlobalMarket #ElectricMobility #EVSector #CleanEnergy #AutoTech #MarketEntry #EVSales2024 #Kia
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BYD, a leading Chinese electric vehicle (EV) maker, is set to enter the South Korean market with three models in the first half of 2024. This move will intensify competition, especially against Hyundai and Tesla, challenging the current market dynamics. BYD's offerings, including the Atto 3, Seal, and Dolphin, are poised to redefine affordability and innovation in the EV sector, signaling a significant shift in the global automotive landscape. #EVNews #EV #BYD #ElectricVehicles #SouthKorea #Atto3 #SealEV #DolphinEV #Hyundai #Tesla #EVCompetition #AutomotiveInnovation #SustainableDriving #GlobalMarket #ElectricMobility #EVSector #CleanEnergy #AutoTech #MarketEntry #EVSales2024
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AUTOMOTIVE INDUSTRY: GERMANY's ALTERNATIVE ENERGY VEHICLE REGISTRATIONS REACHED 43.9% MARKET SHARE IN MARCH 2024, DOWN FROM 46% IN MARCH 2023. BEVs reached 11.9%, down from 15.7% in March 2023. Tesla remained the leading BEV brand, significantly ahead of Volkswagen, ranked 2nd. Here are the latest figures just released by Germany's Kraftfahrt Bundesamt. #autosales #carsales #vehiclesales #vehicleregistrations #carmarket #newcarmarket #market #marketsegments #segments #segmentleaders #consumer #consumerbehavior #buyingbehavior #alternativeenergy #alternativeenergyvehicles #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #q12024 #q12024results #outlook #2024outlook #germany #bundesrepublik #deutschland
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𝗘𝗩 𝗮𝗻𝗱 𝗣𝗛𝗘𝗩 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟰-𝟮𝟬𝟯𝟭. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 This comprehensive report provides an overview of the development of the EV and PHEV industry chain, assessing the market status of Commercial Vehicles (EV, PHEV) and Passenger Vehicles (EV, PHEV). The analysis includes key enterprises in both developed and developing markets, exploring cutting-edge technology, patents, applications, and market trends within the EV and PHEV sector. Regionally, North America and Europe show consistent growth driven by government initiatives and heightened consumer awareness, while Asia-Pacific, particularly China, leads the global EV and PHEV market with robust domestic demand, supportive policies, and a strong manufacturing base. The EV and PHEV market is further segmented by Type and Application, providing accurate calculations and forecasts for consumption value by Type and Application from 2024 to 2031 in terms of volume and value. 𝗧𝗼 𝗞𝗻𝗼𝘄 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗰𝗼𝗽𝗲 𝗮𝗻𝗱 𝗗𝗲𝗺𝗮𝗻𝗱 𝗼𝗳 𝗘𝗩 𝗮𝗻𝗱 𝗣𝗛𝗘𝗩 𝗠𝗮𝗿𝗸𝗲𝘁. 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙: https://lnkd.in/dZiVuFmu *𝗕𝘆 𝗧𝘆𝗽𝗲: EV, PHEV *𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Commercial Vehicle, Passenger Vehicle *𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻: North America, Europe, Asia-Pacific, South America, Middle East & Africa *𝗕𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Volvo Group, Volkswagen Group, Toyota Motor Corporation, Tesla, BMW Group, Porsche Cars North America, Nissan Motor Corporation, Mitsubishi Electric, Kia India, Hyundai Motor India Ltd., American Honda Motor Company, Inc., Ford Motor Company, Fiat, Chevrolet, AUDI AG, BYD #ev #phev #electricvehicles #plug-inhybrid #cleantech #greenmobility #sustainabletransport #emobility #electricdrivetrain #futureofmobility #zeroemission #evcharging #innovationintransportation #evtechnology #greenenergy #evindustry #automotiveinnovation #vehicletech #electricmobility #renewablepower #phevtech #smartmobility #cleandriving #electrification #environmentalfriendly #energyefficient #evrevolution
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The global plug-in car market grew by 25% year-on-year in April 2024, with 1,221,181 units sold. Tesla Model Y led sales, reflecting strong consumer interest in electric vehicles. Despite challenges in electrification, the market now accounts for 18% of total vehicle sales. BYD dominated with multiple models in the top 10, showcasing its diverse lineup. The increasing adoption of EVs highlights the industry's progress and the rising demand for sustainable transportation. https://lnkd.in/gD-Ra5Hq #EVNews #EVSales #ElectricVehicles #TeslaModelY #PlugInCars #SustainableTransport #CleanEnergy #GreenTech #EVMarket #BYD #AutomotiveIndustry #EVGrowth #ElectricCarSales #EVRevolution #FutureOfDriving #BatteryElectricVehicles #PlugInHybrids #GlobalEVMarket #April2024 #ElectricMobility #Tesla
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AUTOMOTIVE INDUSTRY: GERMANY's ALTERNATIVE ENERGY VEHICLE REGISTRATIONS REACHED 43.9% MARKET SHARE IN MARCH 2024, DOWN FROM 46% IN MARCH 2023. BEVs reached 11.9%, down from 15.7% in March 2023. Tesla remained the leading BEV brand, significantly ahead of Volkswagen, ranked 2nd. Here are the latest figures just released by Germany's Kraftfahrt Bundesamt. #autosales #carsales #vehiclesales #vehicleregistrations #carmarket #newcarmarket #market #marketsegments #segments #segmentleaders #consumer #consumerbehavior #buyingbehavior #alternativeenergy #alternativeenergyvehicles #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #q12024 #q12024results #outlook #2024outlook #germany #bundesrepublik #deutschland
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