Etiqueta: Tesla

Experts say price cuts and a shift in consumer preference from gasoline-powered vehicles to EVs are driving strong sales for Chinese EV makers.

BYD has achieved record-breaking sales of electric and hybrid vehicles in the second quarter, according to sales data compiled by Bloomberg News.

BYD (BYDDF) has set a new sales record in the second quarter, driven by price cuts, and is inching closer towards overtaking Tesla (TSLA) once again as the world's top EV seller.

China’s BYD has reported a 21 percent increase in electric vehicle (EV) sales for the second quarter, closing in on Tesla

China's BYD posted a 21 per cent rise in second-quarter electric vehicle sales, closing the gap with Tesla after handing back the world's top EV vendor title to the US rival in the first quarter, reports Reuters.  BYD sold 426,039 EVs in the April-June quarter, according to Reuters' calculati

The company grows mostly thanks to plug-in hybrids.

Ford’s CEO Jim Farley offered more details about the automaker’s entry-level EV, which is expected to start at $30,000 and be profitable within 2.5 years.

The company's older lineup of vehicles is having a harder time keeping up with fresher offerings from rival electric car manufacturers

BYD Co sold a record number of electric and hybrid cars in the second quarter (2Q), sales data compiled by Bloomberg News shows, as price cuts and new technology stoked consumers into purchases. China’s best-selling car brand sold nearly one million models over the period, solidifying a rebound after a slow start to the year. The sales were driven in part by the company’s move to reduce prices across most models earlier this year, sacrificing profitability, to target gasoline models made by foreign brands.

Quarterly sales of 426,000 EV units put it within striking distance of once again overtaking Tesla