Etiqueta: bmw

BYD is looking to shake up Korea’s electric vehicle sector as the Chinese EV behemoth has become the second-largest EV seller among the 15 auto importers in the

BYD Promises European Ultra-Fast Charging Network

BERLIN/LONDON/DETROIT (Reuters) -Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts suppliers have been desperate to find alternative sources of magnets, which are in short supply due to Chinese export curbs. "The whole car industry is in full panic," said Eckard, CEO of Magnosphere, based in Troisdorf, Germany.

May saw plugin EVs take 33.7% share of the UK auto market, up from 25.7% year-on-year. BEVs grew in volume by 26% YoY, while PHEVs grew 51%.

In a global context marked by challenges in international trade, BYD reinforces its commitment to Mexico by announcing the opening

Chinese brands surged 121% year on year in April automotive sales, with BYD dethroning Tesla as the bestselling BEV brand, figures released by JATO Dynamics show. EV sales outperformed an otherwise flat market. Overall, a total of 1,078,521 new cars were registered across 28 European countries in April, just 1,399 more than the same month last year. The year to date total of 4,467,681 units was just 6,560 units more than in the first four months of 2024.

Plugin vehicles reach 22% share, or 1.5 million units, in April. Global plugin vehicle registrations were up 22% in April 2025 compared to April 2024. There were around 1.5 million registrations. More good news is that BEVs pulled further ahead of plugin hybrids, growing 26% YoY to 1 million units ... [continued]

The world may be focused on BYD's affordable EVs, but its plug-in hybrids shouldn't be ignored either.

The move underscores China's dominance of the critical mineral industry and is seen as leverage by China in its trade war with Donald Trump.

BYD has shocked the new car marketplace in China by slashing prices on its cars by up to 34%. Is it playing the long game?