Etiqueta: EV

BUENOS AIRES (Reuters) -China's largest carmaker BYD on Wednesday launched sales of its EVs in Argentina, taking advantage of the lifting of import tariffs for electric and hybrid vehicles and boosting its fast-growing footprint in South America. Chinese brands dominate this sector, and Argentina has said it expects imports of about 40,000 electric and hybrid vehicles to enter the country by the end of January. Normally, imported cars from brands that do not have manufacturing operations in Argentina or other members of South America's trade bloc Mercosur, which includes Brazil, pay a 35% tariff.

Chinese new energy vehicle maker BYD has launched in Argentina on Wednesday, expanding its presence in South America two months after starting local passenger vehicle production in Brazil.

BYD's UK success challenges the nation's EV strategy and reshapes the automotive landscape.

It’s a showcase of extremes and a reminder that driving dreams evolve with technology.

BYD recently announced, as reported in Chinese media, that its 8th Ro-Ro (roll on-roll off car carrier) ship recently departed from the Xiaomo International Logistics Port in Shenzhen, bound for Singapore with over 6,000 vehicles on board. The energy-efficient ship and the expansion of BYD’s export capacity is newsworthy in and of itself. BYD’s cooperation with Shenzhen Port Group to develop green shipping corridors is also significant. However, within the context of Singapore, the shipment has massive implications for this relatively small market. In 2024 BYD sold 6191 vehicles in Singapore. Roughly the size of this one shipment. However, that made them the largest automaker in the country for the year. Not just in EV sales, but in overall vehicle sales, overtaking Toyota. In addition, BYD was already the top selling automaker in the first half of 2025, with 4,667 vehicles representing an 80.4% YoY increase, distancing itself from Toyota in second. Meanwhile, Tesla, once the top EV brand, declined to a few hundred vehicles. Between the new shipment and first half sales, BYD is looking at over 25% of the total Singapore market, even without including 3Q sales.

BYD outsells Tesla in global BEV sales for the fourth straight quarter, delivering 390,000 more EVs despite its first overall sales drop in 18 months

Britain has emerged as key market for BYD, as it is the only European nation with no tariffs on exported electric and hybrid vehicles from China

BYD and other Chinese automakers are driving record EV sales across the UK, reshaping the market