Etiqueta: Audi

Automotive Industry Competition Reverting to Its Core

SHANGHAI, Oct 11 — After a meteoric five-year rise that saw it surpass Tesla Inc. as the world’s top seller...

BYD's new Yangwang U7 pushes total output to 1,341 hp with other specifications remain largely unchanged.

Bumper September sales for fast-growing Chinese car brand BYD mean the UK has become the firm’s second largest international market.

A new electric SUV from China's biggest maker promises serious performance and surprising luxury at a price most rivals can’t match

Support CleanTechnica's work through a Substack subscription or on Stripe. BYD is clearly leading the electric vehicle market globally, but that’s mostly due to its dominance in China. Outside of China, it has been leading the EV way into numerous neglected, developing markets — in Asia, Africa, and South America. ... [continued]

BARCELONA (Reuters) -When Javier Hernandez went car shopping in Barcelona, he ended up choosing a plug-in hybrid by China's BYD - swayed by a price nearly 10,000 euros cheaper than European rivals. With government subsidies, the BYD Seal U DM-I Hernandez opted for starts at around 30,000 euros ($35,289) in Spain, compared to over 40,000 euros for VW's Tiguan and Peugeot's 3008 plug-in hybrid models. Cost-conscious buyers like Hernandez are fuelling rapid growth for Chinese EV carmakers like BYD in Spain and around Europe, stepping up competition with regional and U.S. rivals like Tesla, Stellantis and Volkswagen.

Government policies that prioritize production targets over market demand have led to overinvestment by carmakers. The resulting glut of vehicles has created lose-lose transactions throughout the sales chain, and spawned a variety of irregular practices.