Etiqueta: NIO

Chinese EVs like the BYD Atto 3 shine on price sheets, but then viral videos and safety testing complicate the decision to buy.

Sales of China’s giant BYD have surged year over year across Europe in September, with the company nearing sales figures of rival MG and US brand Tesla in the continent.

BYD is recalling more than 115,000 electric and hybrid vehicles in China due to safety issues linked to circuit and battery faults. Regulators say the move highlights growing scrutiny and competition in the country's booming EV industry.

BYD and NIO’s EV battery strategies reveal converging moats amid fierce competition. See here to know how this fuels their long-term value potential.

BYD’s European EV Invasion – Boom in Sales but Stock Takes a Hit! - TechStock²

This company has duped Tesla and betrays BYD in the process by launching new infrastructure, thereby filling a gap in the electric vehicle market

As reported by CnEVPost, BYD’s overall quarterly sales were down 1.82% YoY with passenger vehicles down 2.1%, while commercial vehicles were up 52.61%. While PHEV sales were down 23.72%, BEV sales were up 31.37%. While the Chinese market declined, overseas sales were up 146.42%. Looking deeper, the BYD brand saw the bulk of the decline, while premium brand Fang Cheng Bao stands out, with sales up 344.87% in September, driven by the Ti3 BEV and recently launched Ti7 PHEV, which have tended to be supply-constrained.However, this is BYD’s first YoY drop in sales since 2020. In a quarter when several other automakers saw increases. What’s happening?