BYD, EV and Cuts Throw Spotlight
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Shares in some of Tesla's biggest Chinese rivals fell on Monday after BYD's price cuts fueled fears over the country's brutally competitive EV sector.
BYD’s mini EV was spotted for the first time during a road test this week by IT Home (via CarNewsChina ), revealing a familiar look. It has that boxy, compact look of a typical kei car with sliding side doors.
BYD has sold more electric vehicles in Europe than Tesla for the first time, marking a breakthrough for the Chinese group’s efforts to expand into overseas markets.
The BYD Seal is a seriously tempting Tesla Model 3 rival, especially at this price. It’s our Deal of the Day for 26 May
China's electric vehicle giant BYD said on Wednesday it sold 213,325 vehicles with smart assisted driving features in April, accounting for almost half of its total sales of such vehicles as of end-April.
Despite the EU's imposition of tariffs on Chinese-made electric vehicles, registrations of such cars increased 59% in April from a year earlier.
Chinese regulators to meet with automakers, including BYD and Dongfeng, to discuss rise of zero-mile used car sales.
China's BYD became the most popular vehicle brand in Singapore so far this year, outselling Toyota for the first time, government data showed, as the fast-growing electric vehicle maker steps up efforts to boost overseas sales.