Tag: byd electric vehicles

China’s BYD to start selling EVs in Japan by early 2023
Technology

China’s BYD to start selling EVs in Japan by early 2023

[ad_1] BYD Co's Japanese division said on Monday it would start selling its first battery electric vehicles (BEVs) in the country early next year. BYD Co's Japanese division said on Monday it would start selling its first battery electric vehicles (BEVs) in the country early next year, as the world's largest EV maker further steps up its plan to either sell or make its cars available across major markets.China's BYD, in which Berkshire Hathaway owns a stake, said it will roll out an electric sports utility vehicle, ATTO 3, in Japan starting Jan. 31. The car has a cruising distance of 485 kilometres and will cost 4.4 million yen ($32,735.66). In comparison, Nissan Motor Co's electric Leaf standard model has a cruising range of 322 kilometres and costs about 3.7 million yen. BYD's Japan...
Chinese carmakers target more European sales with 5-star EVs
Technology

Chinese carmakers target more European sales with 5-star EVs

[ad_1] Chinese EV makers have set their sights on winning over European drivers and large corporate customers with more affordable cars. Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars that come with top safety ratings and lots of high-tech features.In the last few months, several Chinese EVs have received five-star European New Car Assessment Programme (NCAP) ratings - an achievement that requires loading vehicles with active and passive safety features that go well beyond legal requirements. More are coming. "All Chinese EV makers want to achieve Euro NCAP five-star ratings in order to be more competitive in the European market," said Brian Gu, president of Chinese EV maker Xpeng.Gu s...
Why Your First Electric Car Might Be Chinese
Technology

Why Your First Electric Car Might Be Chinese

[ad_1] With Europe increasing imports of made-in-China electric vehicles, policy makers risk making all the wrong protectionist moves. Tesla Inc. would have delivered more cars in the most recent quarter but for a shortage of boats. It's having problems finding vessel capacity out of Shanghai. No wonder: China recently overtook Germany as the world's second-largest auto exporter. China's auto exports rose over 50% in the first nine months of this year, shipping out over 2 million vehicles. This isn't just western automakers using China as an export hub; homegrown brands are also finding their footing on the world stage. And demand is being led by Europe, the birthplace of the automobile, where a supply-chain crunch, energy crisis and war in Ukraine continue to hamstring manufacture...
Warren Buffett-backed BYD Expects Profit to Surge as EV Sales Hit Record on Strong Demand
Technology

Warren Buffett-backed BYD Expects Profit to Surge as EV Sales Hit Record on Strong Demand

[ad_1] BYD expects its 3rd-quarter profit to climb 365%; Warren Buffett-backed company aims to sidestep snags. Chinese electric-vehicle maker BYD Co. expects its third-quarter profit to climb as much as 365%, as the Warren Buffett-backed company aims to sidestep supply-chain snags and capitalize on strong demand. Net income will be between 5.5 billion yuan ($765 million) and 5.9 billion yuan, the Shenzhen-based company said Monday, which would be a record. BYD is benefiting from making its own batteries and semiconductors, helping it avoid disruptions that have hurt rivals, including Elon Musk's Tesla Inc. Sales volume of new energy vehicles -- including EVs and hybrids -- also reached record highs, BYD said in a stock exchange filing detailing estimated results for the quarter e...