In the January-August period, BYD ranked first in China's NEV market with a 36.6 percent share, while Tesla came in second with 8.8 percent.
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CATL's share of China's EV battery market increased in August, as it gained additional share in the BYD-dominated LFP market.
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The new BYD Denza coupe will compete with Porsche Panamera
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The Seal is the sixth model BYD has launched in Brazil after the Tang EV, Han EV, Yuan Plus EV, Song Plus DM-i, and Dolphin EV.
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The Seal DM-i is another attractive option for the mainstream mid- to high-end plug-in hybrid market in China, with the official prices reduced by RMB 10,000 from pre-sale.
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BYD presented the Seal, Song Plus EV, Atto 3, Dolphin, Han, Denza D9 at the Munich auto show and made the Seal officially available locally.
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VW CEO: The Chinese are not a threat for European car makers, their price doubles overseas
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CATL's share of the global EV battery market in Jan-July declined slightly from Jan-June, while BYD increased.
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BYD Seal EV has maximum power
of 530 hp, top range 570-km (WLTP) and a starting price of 44,900 EUR in Europe. The BYD Seal U SUV and Denza D9 minivan will follow it in 2024.
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BYD's sales are still largely coming from China for now, and will further challenge the top players when sales improve in overseas markets, TrendForce said.
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