BYD has submitted a $1 billion investment proposal to partner with a local company to produce EVs and batteries in India, according to Reuters.
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If BYD sets up a power battery assembly plant in Hungary, it will give a boost to supplies to Tesla's Berlin factory, local media said.
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Nio sold 54,561 units in the January-June period, placing it in 10th place with a 1.8 percent share in the first half of the year.
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BYD World went live first in Ecuador, tomorrow it will go live in Chile, and in a few weeks it will be available in all Latin American countries.
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BYD topped the LFP battery market with a 39.61 percent share, but lower than its 45.30 percent share in May.
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Tesla's large-scale end-of-quarter deliveries pushed the sales ranking to sixth this month, and Model Y was the best-selling model in June.
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BYD has brought the Dolphin to the Australian, Brazilian and Singaporean markets in the past 10 days.
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BYD launched the Dolphin in Hong Kong in late May and brought the model to Australia and Brazil in late June.
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) has launched the Dolphin in Singapore as it introduces the compact electric vehicle (EV) to more markets.
The Chinese new energy vehicle (NEV) giant held a launch event for the BYD Dolphin with Singapore dealer Vantage Automotive on July 3, its second all-electric passenger car model offered in the Southeast Asian country after the Atto 3, according to an announcement from the company today.
BYD launched the Atto 3 in Singapore in 2022, and the model was the top-selling all-electric vehicle in the region in the January-May period, according to James Ng, managing director of BYD Singapore.
The BYD Dolphin is expected to be popular with customers of all ages in Singapore and will enter the lives of more Singaporeans, he said.
The BYD Dolphin, which went on sale on August 29, 2021, is an all-electric compact car with a current starting price of RMB 116,800 ($16,120) in China.
The model is the first to be built on BYD's pure electric platform e-Platform 3.0 and is equipped with a blade battery.
The BYD Dolphin currently has a starting price of S$156,888 ($115,990) in Singapore, a price that includes COE (Certificate of Entitlement), which gives residents the right to own and use the vehicle in Singapore.
This is the latest market that the Dolphin has entered, with the model entering the Hong Kong market in late May and Australia and Brazil in late June.
BYD sold 253,046 NEVs in June, up 88.79 percent from 134,036 units in the same month last year and up 5.34 percent from 240,220 units in May, according to data released earlier this month.
In June, BYD sold 10,536 NEVs in overseas markets, up 3.26 percent from 10,203 units in May.
($1 = RMB 7.2458, $1 = S$1.3526)
BYD launches Dolphin in Brazil, enters South African EV market with Atto 3
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BYD Dolphin has finally set out to Europe from Shenzhen. 152 units will arrive in Europe next month.
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These car companies have pledged to regulate their marketing activities and not to disrupt the order of fair competition in the market with abnormal prices.
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More than 10 car companies, including major electric vehicle (EV) startups, have pledged to jointly maintain a fair market order in China's auto market, at a time when the EV industry is growing rapidly.
At the 2023 China Auto Forum in Jiading, Shanghai, today, the China Association of Automobile Manufacturers (CAAM) and 16 major automakers signed a pledge to uphold fair market order in the automotive industry.
This is to maintain a good auto market order, jointly create a good consumer environment, and actively stabilize and promote auto consumption, they said at the conference.
The car companies that signed the commitment include:
China FAW, Dongfeng Motor, SAIC, Changan Automobile, BAIC, GAC, China National Heavy Duty Truck, Chery, JAC, Geely, Great Wall Motor, BYD, Nio, Li Auto, Xpeng, and Tesla.
The following is the main content of the commitment letter:
First, we will abide by the rules and regulations of the industry, regulate marketing activities, maintain a fair competition order, and not disrupt the fair competition order of the market with abnormal prices.
Second, we will pay attention to marketing methods, will not exaggerate or conduct false marketing, not to mislead consumers to attract attention and increase customer acquisition.
Third, we will put quality first, use quality-oriented, high-quality products and services to meet the people's needs for a better life.
Fourth, we will actively fulfill our social responsibility, and take an active role in helping to stabilize economic growth, increase confidence and prevent risks, and work together to make a contribution to national economic growth.
It should be noted that the commitment is self-regulatory and not legally binding, and it was signed after the price war at the beginning of the year and the emergence of a war of words between several EV companies and their supporters.
Since early March, a rare price war has erupted in China's auto industry, which has not boosted sales but has instead triggered a wait-and-see mood among consumers, resulting in car sales not seeing an increase.
On March 22, the CAAM called for the hype about price cuts in China's auto industry to cool down to return the industry to normal operation and ensure healthy and stable development of the industry throughout the year.
After that, the price war in China's auto industry gradually subsided.
It is worth noting that although these car companies pledged today not to disrupt the fair order with abnormal prices, it does not mean that they cannot cut prices when facing future challenges.
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