Etiqueta: Industry

STORY: Chinese EV maker BYD outsold Tesla in the EU for the second month in a row. Data showed BYD sold three times as many cars to the bloc in August than in the same month last year. Stellantis also had buoyant results, returning to sales growth in Europe for the first time in over a year.That’s as the overall market expanded with a boost from plug-in hybrid and battery-electric sales.Europe's battered car industry faces a number of challenges.This includes U.S. import tariffs and competition from China. As well as difficulties in meeting domestic regulations for EV adoption in a way that yields profit. Carmakers have ramped up PHEV sales to comply with emission standards, with more affordable and more profitable cars than pure EVs. Chinese brands have also used the technology to minimize the impact of EU tariffs on Chinese-made EVs.As well as to win over China-skeptic European drivers.And with BYD’s sales up over 200% in August, it took 1.3% of the market.Whereas EU sales for Elon Musk's Tesla dropped 36.6%, squeezing its market share to 1.2% from 2% a year ago.And as total EU car sales rose last month, the registration of hybrid and electric vehicles rose to over 62% in the bloc.

(Reuters) -Chinese EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla for the second consecutive month, data from the European auto lobby ACEA showed on Thursday. Stellantis returned to sales growth in Europe for the first time in over a year, as the overall market expanded with a boost from plug-in hybrid (PHEV) and battery-electric (BEV) sales. Chinese brands have also used the technology to minimise the impact of the European Union's tariffs on Chinese-made EVs, and to win over China-skeptic European drivers.

Last week, Financial Times reported that China was prohibiting major tech companies from buying AI chips from Nvidia, as the country grows confident in its domestic semiconductor industry.

AGL to roll out “landmark” V2G trial with Hyundai, Kia, Zeekr and BYD to show that EVs can act as batteries on wheels.

Support CleanTechnica's work through a Substack subscription or on Stripe. “We are ready to address the public transport requirements in the Philippines,” Liu Xueliang, General Manager of BYD Asia Pacific’s Auto Sales Division, said, responding to a question from CleanTechnica on the availability of solutions for decarbonizing bus services in ... [continued]

BYD recently introduced the new “Haohan” BESS (Battery Energy Storage System), as reported in PV Magazine’s ESS News, CnEVPost and multiple Chinese Media channels. The 14.5 MWh of capacity and 52.1% VCTS (Volumetric Cell to System) are industry leading. However, the implications go far beyond the technical specs.

By Nick Carey, European Autos CorrespondentGreetings from London!After many years of riding high, Porsche has hit what could only charitably be called a rough patch.Late on Friday, Porsche once again had to pull back from its electric vehicle rollout in a move that will hit parent company Volkswage…

There is also still ‘vast potential’ to increase car sales in China’s less developed regions, association head says.

BYD unveils HaoHan energy storage system with up to 14.5 MWh, cutting costs and challenging Tesla’s Megapack.

BYD (BYD, 1211.HK) stock drifted lower in Monday's session after CNBC reported Berkshire Hathaway (BRK-B, BRK-A) CEO Warren Buffett sold off the firm's full stake in the Chinese EV maker. Yahoo Finance senior autos reporter Pras Subramanian breaks down the latest. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.