Etiqueta: Battery

When Chinese automakers expand overseas, the real battleground lies not on exhibition stands but in people's hearts.

Support CleanTechnica's work through a Substack subscription or on Stripe. BYD had mixed results in October when it comes to vehicle sales. On the one hand, its full battery electric vehicle (BEV) sales were up solidly, +34.5% year over year. That’s the number pure EV fans are most interested in, ... [continued]

China’s largest automaker, BYD, reported a 20% year-on-year plunge in global vehicle sales to 429,808 units in October.

BYD announced its 3Q results at the end of October. Revenue was down 3%, while net profit was down 32.6%. Overall, that does not look good compared to their recent growth and fell short of expectations. But it gets more interesting when you get into the details.Not only did R&D expenses go up 31%, but development capital expenditures went up a whopping 519.65% YoY “Mainly due to the increase in in-house R&D investments.” Most of their research and development is still accounted for as expenses (43.75 billion RMB versus 3.15 billion RMB), but that is clearly a significant increase. In combination, R&D was roughly twice net profits, and net profit would have gone up if R&D was flat.Inventory was up 31.83%, due mainly “to the augmentation of automobile business.” In other words, updated product that has not yet been delivered.“Contract liabilities” went up by 40.29% YoY, “mainly due to the increase in advance receipts of the automobile business.” In other words, deposits taken on vehicles that have not yet been delivered. Having obligations to deliver vehicles that have already received deposits is overall a good kind of liability.Non-current assets were up 50.36%, while long-term receivables were up 54.90%, mainly due to increases in leasing. This foreshadows future revenue.The balance sheet overall saw a significant improvement, with assets up 15.14% and shareholder equity (assets minus liabilities) up 32.53%. Construction in progress was up 144.15%, with several global factories being built, as well as the world’s largest R&D center. However, borrowing is up while payables are down, with shifts on the balance sheet likely reflecting shorter payment terms in vendor contracts.

The BYD Sealion 8 is a seven-seat plug-in hybrid SUV launching in early 2026, with prices expected to start around $60,000.

Discover the new BYD Sealion 8, a seven-seat plug-in hybrid SUV arriving in Australia in 2026. See specs, EV range up to 152 km, 359 kW AWD, premium features.

The Sealion 6 is efficient and well-priced, placing itself as an interesting proposition in the segment

JEDDAH: They once said the automobile world was no place for a woman. But Chinese executive Stella Li proved them wrong — and went on to become one of the most influential women in the global

NIO's record deliveries, improving vehicle margin outlook and battery swap edge are helping it outpace BYD as China's EV race tightens.