BYD Beats Tesla in Europe
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BYD will offer the Seal 06 in both battery electric (EV) and plug-in hybrid (PHEV) powertrain options. The electric version will be available in three trims. A base model will draw power from a 65.28 kWh battery and 170 kW electric motor, providing up to 520 km (323 miles) CLTC range.
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This New BYD EV Costs Half as Much as a Tesla—Starts Under $14,000Chinese automaker BYD has officially launched its mid-size electric sedan, the e7, kicking off full-scale sales. The e7, which boasts dimensions similar to the Tesla Model 3, starts at a competitive price of 103,
Chinese electric vehicle maker BYD's low-cost Dolphin Surf became its 10th model available in Europe on Wednesday, with the Berlin launch increasing pressure on European rivals to produce more affordable alternatives.
In essence, BYD Dolphin Surf EV is a slightly redesigned, slightly larger and better-equipped version of the affordable Seagull EV.
BYD's EV sales are projected to reach 5.5 million units in 2025, with three million featuring smart driving capabilities, driven by a CNY100 billion (US$13.8 billion) investment in R&D and its highly vertically integrated component supply chain.
The best-selling EV in Europe last month was the Skoda Elroq, followed by the Volkswagen ID.3, Volkswagen ID.7, Volkswagen ID.4, and Kia EV3. Meanwhile, the Tesla Model Y dropped to ninth place, while the Tesla Model 3 is in 24th place.
SINGAPORE] Analysts are getting bullish on BYD as the Chinese automaker’s soaring exports, rising global presence and cost competitiveness signal favourable tailwinds. Read more at The Business Times.