Etiqueta: Industry

BYD projects to export between 800,000 and 1 million units in 2025, which is about 20% of its total sales.

While discounting helped make BYD the most popular EV brand in China, the tactic could backfire in Japan.

The company is also preparing to start production at its new Hungary plant early next year as part of its broader international expansion.

BYD is now turning to discounts — a practice that’s put it front and center of an industry crackdown in China — to try and boost sales.

BYD has recently started a price battle in Japan to attract customers with a discount offer.

BYD's all-electric Yangwang U9 Xtreme hypercar achieved a verified top speed of 308.4 mph, making it the world's fastest production car and surpassing Bugatti's record. Featuring a quad-motor setup with over 3,000 horsepower and advanced aerodynamics, this milestone highlights China's EV dominance and potential innovations in high-performance vehicles.

Chinese automaker BYD's all-electric Yangwang U9 Xtreme hypercar set a world record top speed of 308.33 mph at Germany's ATP track, surpassing Bugatti's previous mark with its 2,977-horsepower quad-motor setup and advanced engineering. This milestone highlights China's rising dominance in high-performance EVs, challenging traditional automakers.

Chinese electric vehicle (EV) stocks NIO (NYSE: NIO) and Li Auto (NASDAQ: LI) slipped Friday following news that Beijing plans to implement stricter regulations on EV exports.