China’s biggest electric car maker, said third-quarter net profit likely more than quadrupled as it extends its sales lead over Tesla Inc (TSLA.O) in the world’s largest auto market. Shares in BYD jumped. Having ditched gasoline vehicles from its product mix this year, BYD has, more than any other automaker, been able to capitalise on […]
Electric vehicles are way too expensive for mass adoption – EQ Mag Pro
High R&D spends and competition have done little to cheapen EVs How much does it cost to build an electric car? As new electric vehicle (EV) makers burn through billions of dollars of cash and pour hundreds of millions more into research and development (R&D), the answer, it would seem, is a lot. And all […]
BYD Company Announces First Factory in Brazil – EQ Mag Pro
Chinese energy and electromobility company, BYD will produce new n-type TOPCon solar modules in Brazil with an efficiency of 22.2% and power output of 575W while announcing itself as the 1st company to produce this kind of module in the South American country. BYD has developed this module with n-type TOPCon cell having up to […]
China’s BYD to set up EV plant in Thailand – EQ Mag Pro
BYD announced in a joint statement with Thai industrial developer WHA Group that a purchase agreement had been signed for 96 hectares (237 acres) of land in the eastern province of Rayong for the plant. Chinese electric vehicle (EV) maker BYD on Thursday announced it would set up a facility in Thailand to start producing […]
BYD to launch e-SUV in India; here’s a list of its most sought-after models – EQ Mag Pro
BYD has been selling the E6 MPV in the Indian market since 2021. Since its launch last year, BYD has sold 400 units of the E6 The Warren Buffet-backed Chinese electric vehicle manufacturer BYD will unveil a Born Electric SUV for the Indian market by the fourth quarter of the current calendar year. The deliveries […]
Senmiao Technology Announces Signing of New Agreement with BYD Affiliate for Leasing of Electric Vehicles – EQ Mag Pro
CHENGDU, China : Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focusing on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced that its wholly-owned subsidiary Chengdu Corenel Technology Ltd. (“Corenel”) has signed an agreement with Guangzhou Wanjun Automobile […]
BYD Made the Fortune Global 500 List for 2022 – EQ Mag Pro
Shenzhen, China : On August 3rd, BYD made the Fortune Global 500 list for 2022, demonstrating its outstanding achievements in the market. Focusing on solving social problems, BYD remains dedicated to leveraging effective solutions for sustainable development. After years of progress, BYD has grown into a high-tech enterprise with its business scope covering automobiles, rail […]
China’s BYD to start selling electric vehicles in Japan next year – EQ Mag Pro
BYD will start selling battery electric cars in Japan next year, marking its entry into Japan’s passenger car market, the company said in a statement on Thursday. BYD (Build Your Dreams) publicly-listed Chinese conglomerate manufacturing company headquartered in Shenzhen, Guangdong, will start selling battery electric cars in Japan next year, marking its entry into Japan’s […]
There Are No Permanent Enemies as BYD Supplies Tesla with Lithium Batteries – EQ Mag Pro
“We are now good friends with Tesla”, commented BYD’s executive VP, who said that the company is going to become a battery supplier for Tesla as soon as this year. There are no perpetual enemies in the market. Although Tesla is competing against BYD in China’s EV market, the latter who possesses additional volume in […]
BYD All-New e6 Enters India Book of Records for Maximum Distance Covered in An Electric Vehicle – EQ Mag Pro
The ‘Sustainable Drive for a Sustainable India’ initiative covers a distance of over 2203km from Mumbai to New Delhi Chennai, India : BYD India, a subsidiary of the Warren Buffett-backed world-leading new energy vehicle manufacturer, enters the India Book of Records for the maximum distance covered in an electric car with its all-new e6. The […]