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Nevs

All articles tagged with #nevs

business1 year ago•2 min saved

BYD Achieves Second-Highest Monthly NEV Sales Record

Chinese electric vehicle manufacturer BYD saw a significant rebound in new energy vehicle (NEV) sales in March, selling 302,459 NEVs, the second-highest on record. This included 139,902 passenger battery electric vehicles (BEVs) and 161,729 plug-in hybrid electric vehicles (PHEVs). The company also reported a record 38,434 vehicles sold in overseas markets in March. In the first quarter of 2022, BYD sold a total of 626,263 NEVs, marking a 13.44 percent increase year-on-year.

via CnEVPost|

#business #byd #china

automotive1 year ago•2 min saved

"BYD Set to Unveil Affordable NEVs, Escalating Battle Against ICE Cars"

Chinese automaker BYD is set to launch lower-priced variants of its Qin Plus and Chaser 05 sedans, known as Glory Editions, on February 20, with prices starting at RMB 79,800 ($11,100). This move is part of BYD's strategy to gain more market share from traditional fuel cars by offering competitive pricing for its new energy vehicles (NEVs). The company aims to disrupt the fuel car market and trigger a price war in the A-class market, challenging popular models like the Nissan Sylphy, Volkswagen Lavida, and Toyota Corolla.

via CnEVPost|

#automotive #byd #chaser-05

business2 years ago•2 min saved

BYD Forecasts 86.49% Profit Growth in 2023

BYD expects a significant increase in net profit for 2023, with record sales of its NEVs. The company anticipates a growth of 74.46% to 86.49% in net profit, attributing its success to improved brand power, overseas sales growth, and cost control capabilities. Despite tougher industry competition, BYD's NEV sales hit a new record high, solidifying its position as the world's leading NEV seller. Additionally, the company's phone parts and assembly business saw increased profitability, and its installed capacity of power and energy storage batteries experienced a substantial year-on-year increase.

via CnEVPost|

#business #byd #earnings

automotive2 years ago•2 min saved

China boosts EV sales with $72 billion tax break extension.

China has extended tax exemptions for New Energy Vehicles (NEVs) through 2027, amounting to over $72 billion in tax breaks. The tax breaks have helped boost sales of local automakers such as BYD, NIO, and XPeng, and analysts expect the tax exemptions to boost EV growth in China by 15% in 2023 and potentially as much as 30% in 2024. To qualify as an NEV, the purchase must be a battery electric vehicle (BEV), plug-in hybrid (PHEV), or hydrogen fuel cell vehicle.

via Electrek.co|

#automotive #china #evs