▲ Picture source BYD Auto official Weibo

According to officials, following the opening of BYD’s flagship store in Doha, this brand launch conference marks BYD’s official launch in the Qatar market and will fully promote the transformation of local green travel methods. BYD will continue to delve into the Middle East market and promote the electrification transformation in Qatar.

Peng Lei, BYD’s regional sales director in the Middle East, said:

We actively respond to the sustainability goals in the Qatari government’s Vision 2030 and fully support Qatar’s green transformation process. As the global sales champion of new energy vehicles, BYD will bring more mature and diversified green travel solutions to the Qatar passenger car market, helping more Qatari consumers realize their dream of owning new energy vehicles.

It is noticed that BYD launched ATTO 3 and other models in Middle Eastern countries such as Jordan and the United Arab Emirates last year. In 2023, BYD’s annual new energy vehicle sales exceeded 3 million units, winning the global new energy vehicle sales championship. New energy vehicles have been sold in more than 70 countries and regions around the world and in more than 400 cities.

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On August 16, 2022, the President of the United States signed the “Inflation Reduction Act (IRA)”, which aims to promote domestic electric vehicle manufacturing in the United States through tax incentives and financial support and exclude China from the U.S. electric vehicle supply chain. Its preference for U.S. automakers and supply chains has made it too expensive and inappropriate for BYD to operate in the U.S. passenger car market.

After the bill was signed, BYD Executive Vice President Li Ke once said that the IRA may slow down the penetration rate of electric vehicles in the United States. The IRA will prevent American consumers from purchasing the most “affordable” options, so the U.S. market is not within BYD’s current consideration. .

In recent years, Chinese car companies have successively established factories in Mexico and Brazil. The report pointed out that these car companies mainly target the smaller, profitable and easy-to-enter Latin American market, rather than the United States.

Zou Zhou, head of BYD Mexico, said in an interview that BYD is considering building a factory in Mexico. Overseas production is crucial and Mexico is an important market with huge potential, he said. BYD expects to select a site for the factory by the end of the year, which will have an annual production capacity of 150,000 vehicles.

It is noticed that BYD has successively launched Han, Tang, ATTO 3, Dolphin, Seal, Song PLUS DM-i and other passenger car products in the Mexican market, as well as some pure electric bus vehicle and chassis products.

BYD’s cash reserves increased eightfold from the end of 2019. BYD’s net profit from bicycles was negative before 2021. By the fourth quarter of last year, it could already make a net profit of 9,000 RMB for each vehicle sold.

Unlike BYD and other Chinese companies, after the release of the “Inflation Reduction Act”, South Korea wanted to unite with the European Union to oppose the U.S. Inflation Reduction Act and suppress American electric vehicles, but in the end they chose to compromise. Kia, a subsidiary of South Korea’s Hyundai Motor Group, is expected to start operations this year Starting to produce electric vehicles in the United States to obtain partial electric vehicle tax credits.

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The production base complex is 50 kilometers away from Salvador, the capital of Bahia State. The project investment is 2.9 billion reais (Note: approximately 4.126 billion RMB). It mainly produces electric vehicles and processes lithium iron phosphate batteries. It will be More than 5,000 new jobs have been created locally.

The project is expected to be put into production from the end of this year to the beginning of 2025. The annual production capacity in the first phase is expected to reach 150,000 vehicles. The initial production models include BYD Dolphin, Dolphin MINI (Seagull), Song Plus, and Yuan Plus.

Li Ke, executive vice president of BYD Co., Ltd., said in an interview with Xinhua News Agency reporters last year that BYD will build its (Brazil) production base into a place characterized by innovation and high technology, and bring BYD’s technology and innovative ideas.

In addition, BYD has also launched the BYD Dolphin MINI model in Brazil and Mexico, with a 405-kilometer range model priced at R$105,800 (approximately RMB 150,500) after subsidies. Several other models have been on the market before, all of which are imported cars.

▲ Source: BYD

BYD hopes to achieve further results in the Brazilian market, especially in the field of high-end cars and electric vehicles. To this end, BYD has invested a lot of money in media promotion.

According to reports, BYD will invest approximately 100 million reais in advertising in 2023, accounting for one-fifth of its total investment in establishing a dealer network. BYD Brazil chairman Alexandre Baldy said this number will continue to grow in 2024.

Public information shows that BYD’s Brazilian branch was established in 2014. In addition to selling zero-emission electric forklifts, vans, trucks and passenger cars in the Brazilian market, the company has three factories in production and is also responsible for two rail projects in El Salvador and São Paulo.

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Joe Biden further explained that China’s smart cars can collect sensitive data about American citizens and infrastructure and send this data back to China, where the vehicles can be accessed remotely. Why should Chinese smart cars be allowed to operate in the United States without safeguards?

White House officials said it was too early to say what action the U.S. Commerce Secretary might take on cars, but they said the government has broad legal powers that could have a “huge impact.”

At present, the United States has restricted electric vehicles using Chinese batteries from receiving green car tax credits and imposed high tariffs on Chinese cars. At the same time, the United States is also considering modifying tariffs to target Chinese cars assembled in Mexico.

The Commerce Department will solicit comments over the next 60 days and will consider drafting a regulation after that time. It will also investigate U.S.-produced cars, such as where their software comes from.

Previously, He Yadong, spokesperson of the Ministry of Commerce of China, responded to the United States’ restrictions on Chinese automobile imports through high tariffs. Chinese automobiles are widely popular around the world, not because of low-price dumping, but because of technological innovation and excellence formed in fierce market competition. quality. In recent years, the United States has set up numerous obstacles, including imposing tariffs, restricting participation in government procurement, and adopting discriminatory subsidy policies, which have seriously hindered Chinese automobiles from entering the U.S. market. In sharp contrast, China has always opened its door to global automobile companies. U.S. auto companies are fully enjoying the dividends of China’s large market. In fact, the sales of American brand cars in China far exceed the sales of Chinese brand cars in the United States.

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In addition, BYD will bring a variety of models to the competition venues and official fan squares, allowing European consumers to fully experience the technical charm of new energy vehicles and the infinite possibilities of future transportation. In December 2023, BYD announced the construction of a new energy vehicle production base in Hungary. This year, BYD will also launch a number of models in the European market, and the Denza brand also plans to enter the European market.

“BYD Seal European price”

At present, BYD’s new energy vehicle footprint has covered six continents and more than 400 cities in more than 70 countries and regions. With its advantages in technology, safety, quality, market and other aspects, BYD’s annual sales of new energy vehicles will exceed 3 million units in 2023, and it will continue to be the sales champion in the global new energy vehicle market. Among them, BYD exported more than 240,000 vehicles throughout the year, a year-on-year increase of 337%, becoming the Chinese brand with the largest export of new energy vehicles in 2023. In the European market, BYD has entered 19 European countries with 5 models and has opened more than 230 stores in total.

The post BYD becomes the official travel partner of the 2024 European Cup appeared first on TechGoing.

Picture source BYD official account

It is noted that this will be BYD’s (passenger car) first European factory. BYD already has a bus factory in Hungary.

Previously, BYD announced its entry into the Hungarian passenger car market. Three pure electric models, ATTO 3, Dolphin and Seal, made their debut in Hungary.

BYD has established a comprehensive service network covering all of Hungary with two contracted dealers, DUNA AUTÓ and Wallis Motor Duna Kft, to provide a convenient and reliable car purchase, use and after-sales experience.

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This is an ambitious plan because the Japanese market has always been a difficult fortress for foreign brands to conquer. Japanese consumers have deep trust and preference for local car brands. Japan is the fourth largest car market in the world, with local carmakers holding more than 90% of the market share.

In addition, Japan’s electric vehicle market is also not very prosperous. Currently, hybrid vehicles and light and small vehicles are the main demand models. In November this year, Japan’s electric vehicle sales fell 9% year-on-year to only 6,429 units.

BYD officially entered the Japanese passenger car market in January this year and launched three pure electric vehicles, namely SEAL, DOLPHIN, and ATTO 3. Among them, ATTO 3 is priced at 4.4 million yen (tax included), which is approximately 222,700 RMB.

In order to open up the Japanese market, BYD has also taken a series of measures, including establishing its own dealer network and reaching agency agreements with well-known local dealers and auto parts sellers. The company currently has about 50 sales points in various regions of Japan, including Temporary store.

It is noticed that BYD’s overseas business has maintained a strong growth momentum. In overseas markets, BYD has sold more than 30,000 vehicles for two consecutive months. In the first 11 months of this year, BYD’s overseas sales reached a cumulative total of 206,700 vehicles, more than three times that of last year.

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As the world’s first mass-produced model equipped with CTB technology, Seal is built on e-platform 3.0, equipped with iTAC intelligent torque control system, and equipped with a maximum 82.56 kWh battery.

It is noted that this model is also the world’s first model equipped with iTAC technology, rear-wheel drive/four-wheel drive architecture, front double wishbone + rear five-link chassis suspension.

In addition, BYD Seal’s front and rear dual motors can output 523 horsepower, accelerate from 0 to 100 seconds in 3.8 seconds, and have a WLTP cruising range of up to 520KM.

The post BYD Seal launched in Mexico, starting from 778,800 pesos appeared first on TechGoing.

BYD demonstrated its pure electric coupe model “Seal” at the Japanese station and announced that the model will be launched in Japan in the spring of 2024.

▲ Source: BYD

BYD officially entered the Japanese passenger car market in July 2022 and has currently opened 15 stores across Japan, covering many cities such as Tokyo, Osaka, Yokohama, Nagoya, and Fukuoka. BYD plans to open 100 stores in Japan by the end of 2025, working with local dealers and partners.

▲ Source: BYD

It is worth mentioning that BYD Japan held a new product launch conference in Tokyo last month and announced the launch of its second electric car in Japan – BYD Dolphin. The local price of this model starts at 3.63 million yen, with a power battery capacity of 44.9kWh and a WLTC cruising range of 400 kilometers. Prior to this, BYD ATTO 3 went on sale in Japan in January this year, priced at 4.4 million yen.

BYD opened its first store in Japan in Yokohama in February this year, and the company aims to open more than 100 showrooms across Japan by the end of 2025. With the debut of BYD Seal, Denza D9, and Yangwang U8 at the Tokyo Motor Show, the company is expected to launch more models in the Japanese market.

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The post BYD Seal model will be launched in Japan in spring 2024 appeared first on TechGoing.

▲ Picture source BYD official account, the same below

According to reports, BYD will establish a comprehensive service network covering all of Hungary with two contracted dealers, DUNA AUTÓ and Wallis Motor Duna Kft, to provide a convenient and reliable car purchase, use and after-sales experience. BYD’s two stores in Budapest, the capital of Hungary It will be officially opened on the 19th of this month.

BYD officials revealed that since announcing its entry into the European passenger car market at the Paris Auto Show in 2022, the brand has entered 19 European countries. Hungary is the first Central and Eastern European market that BYD has entered, marking another important milestone in BYD’s expansion of its global presence.

According to previous reports, BYD demonstrated 6 electric vehicles and new technologies at the Munich International Auto Show IAA 2023, including Seal EV (Seal), Seal U and Denza D9 models . Including the Dolphin, Tang and ATTO 3 previously sold in the EU, BYD is expected to have a total of six models on the European market by the end of this year.

THIS IS A SPONSOR PROMOTION: >>>>>>>>>>>>>

Geekwills is an online shop that connects consumers with millions of products and brands around the world with the mission to empower them to live their best lives. Geekwills is committed to offering the most affordable quality products to enable consumers and sellers to fulfill their dreams in an inclusive environment.

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