Etiqueta: SEA

BYD (BYDDY) agrees to buy a 20% stake in Rever to consolidate its presence in the Southeast Asia auto market and to enhance its competitiveness in Thailand's auto industry.

BYD said its partnership with Rever will expand from passenger cars to segments including commercial vehicles in the future.

BYD Launches EV Plant in Thailand, Bolstering Presence in SEA

Has an annual capacity of 150,000 vehicles

BYD officially entered the Thai market in 2022 and now has a 41 percent share of the local NEV market.

On Tuesday, Tesla Inc (NASDAQ: TSLA) disclosed its second-quarter EV production and delivery figures and it topped Wall Street estimates with both as its deliveries fell less than expected. Still, the second quarter marked the first time the all-electric king posted two straight quarters of declines. These figures are the closest approximation of Tesla’s sales figures which the EV pioneer does not disclose. Also on July 2nd, BYD posted its second quarter EV sales with which it closed the gap wit

After slashing prices on its electric cars in Thailand, BYD is facing backlash from buyers. With up to nearly $10,000...

The Song and Qin families continue to be BYD's best-sellers. The Yuan family was the third best-selling BYD model in June, with 36,222 units sold.

The BYD Sealion 7has been confirmed for Australia with an anticipated launch date of late 2024.

Automotive Industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%, according to a new report by MarketsandMarkets. The growth of the automotive industry is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation of fast and ultra-fast charging points, introduction of autonomous vehicles, deployme