Etiqueta: US

China successfully subsidized a massive expansion of its auto industry; now it has more cars than customers.

Second-quarter profits drop 30 per cent for the world’s largest EV maker, despite 145 per cent year-on-year rise in overseas deliveries.

BYD is reaping the consequences of the domestic price war it instigated, but bright spots remain in its Q2 results. By Stewart Burnett

It may be easy to dismiss initial numbers in emerging markets as being relatively small in quantity and purchasing power. But those markets are developing as the people within them develop. Establishing brand preference and tying the brand to the economic emergence of these countries has an impact that extends far beyond monthly sales rankings. Electric vehicles are the future, and BYD can make their brand most associated with that future. The opportunity exists to establish long-lasting brand preference that can span generations, if BYD can take advantage of it.

The Zeekr 9X plug-in hybrid SUV from Geely, with the world’s largest battery, began presales in China with a starting price of 67,080 USD.

Tesla's troubles across the pond in Europe are worsening. Per the European Automobile Manufacturers' Association, Tesla EV registrations (a proxy for sales) in Europe fell to just 8,837 units in July, a 40.2% drop compared to a year ago. Meanwhile, overall EV registrations in the region, which includes the UK and the European Free Trade Association, rose 33.6% in July, with overall registrations up 5.9%.

Tesla sales plunged again in Europe in July as car buyers continued their migration to Chinese rival BYD.

BYD has begun exporting cars made in Thailand to Europe, partly in response to Thai policies that apply to vehicle imports.

Support CleanTechnica's work through a Substack subscription or on Stripe. There’s a lot of electric vehicle growth and development happening in smaller markets that have traditionally not gotten much attention. We here at CleanTechnica are trying to cover this growth, but, admittedly, it’s hard to track it all. The good ... [continued]

While 3000hp+ hypercars setting records can seem pointless to many, the technological development and testing can benefit more practical EVs. Racing can also go a long way toward changing consumer perceptions and building excitement for the transition to electric vehicles.