Automundo China

BYD, the world's biggest new energy vehicle (NEV) company, produced its seven millionth NEV car on March 25, becoming the first company to cross the milestone. The target was achieved less than fourth months after the company heralded its six millionth NEV on November 26, 2023. A Denza N7 model produced at the company's Jinan factory in China was dubbed the milestone vehicle.

The BYD Seagull, manufactured in China, is a small fully electric hatchback with a starting price of 69,800 yuan (less than $10,000), and it could disrupt the automotive industries across the globe due to its attractive price tag and the fact that BYD is reportedly profiting from it.

BYD partners with BBVA Mexico to promote electromobility in the country, offering financing for electric and hybrid vehicles.

Data from car portal 16888.com analysed by Bloomberg shows BYD has cut prices of more than 100 model versions compared with December, and relaunched a further 70 model trims with lower prices. About the only unaffected models come from its launched Yangwang brand, including its newly unveiled supercar, which goes for 1.68 million yuan ($233,000).

SHENZHEN, Cina--(BUSINESS WIRE)--mar 25, 2024--

China's BYD has launched a new version of its Seagull EV that costs less than $10,000, presenting a challenge to U.S. car brands.

BYD rolled off its 7 millionth NEV (Photo: Business Wire)

Global EV leader BYD launched a new version of its Seal electric sedan Monday, with starting prices around $25,000 (179,800...