Tag: BYD

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China Deliveries Electric eMobility eV EV Data Quarterly Data Tesla

Tesla delivers record 466,140 vehicles globally in Q2

Model 3 and Model Y delivered 446,915 units worldwide in the second quarter, beating market expectations of 437,400 and contributing 96 percent of deliveries.

Tesla (NASDAQ: TSLA) saw another record quarter of deliveries.

The US electric vehicle (EV) giant delivered 466,140 vehicles worldwide in the second quarter, up 83.02 percent year-on-year and up 10.23 percent from 422,875 in the first quarter, according to its overnight announcement.

It was also a new record for Tesla's EV deliveries and higher than the 448,400 units Wall Street analysts had expected.

Tesla's cheaper Model 3 and Model Y delivered 446,915 units worldwide in the second quarter, above market expectations of 437,400 units, contributing 96 percent of deliveries. A total of 19,255 Model S and Model X units were delivered, above expectations of 14,600 units.

Tesla produced 479,700 vehicles in the second quarter, including 460,211 Model 3 and Model Y, and 19,489 Model S with Model X.

Tesla's production and delivery gap was 13,560 units in the second quarter, down from 18,000 units in the previous quarter.

Tesla cut prices globally earlier this year, and its starting price for the Model 3 sedan came to an all-time low after it cut prices in China on January 6.

In early May, the company raised the prices of all Model 3s and Model Ys in China, all by 2,000 yuan ($275), an increase of less than 1 percent. The move was thought to be more aimed at dampening consumers' wait-and-see sentiment at the time.

In China, Tesla has a factory in Shanghai that produces the Model 3 and Model Y. It's the largest Tesla factory in the world, with an annual capacity of about 1.1 million units a year.

Tesla does not officially announce its deliveries in China, though the China Passenger Car Association (CPCA) publishes those numbers every month.

Tesla's retail sales in China in April and May were 39,956 and 42,508, respectively, and its Shanghai plant exported 35,886 and 35,187 units in the two months, according to the CPCA.

The company's June sales figures in China are expected to be available in a few days.

(OTCMKTS: BYDDY), one of Tesla's main competitors in China, delivered 703,561 new energy vehicles (NEVs) in the second quarter, including 700,244 passenger cars and 3,317 commercial vehicles, according to data released yesterday.

BYD's passenger vehicle sales in the second quarter included 352,163 battery electric vehicles (BEVs) similar to Tesla vehicles and 348,081 plug-in hybrid vehicles (PHEVs).

($1 = RMB 7.2523)

BYD sells record 253,046 NEVs in Jun, sales in H1 exceed 1.25 million

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BYD BYD Qin BYD Song BYD Yuan China Electric eMobility eV EV Data Monthly Data

BYD Jun sales breakdown: Qin 44,239, Song 42,388

Since March, the Qin family has been the top-selling model in monthly sales.

BYD today announced its new energy vehicle (NEV) sales for June, and later provided a breakdown of the different models.

The Qin family of models sold a record 44,239 units in June, making it the highest-selling BYD model for the month. This represents a 66.17 percent year-on-year increase and a 1.10 percent increase from May.

In the first half of the year, the Qin family of models sold 215,773 units, up 47.05 percent year-on-year.

From March to June, the Qin family was the highest-selling BYD model in monthly sales, figures monitored by CnEVPost show.

On February 10, BYD let a facelift of the plug-in hybrid sedan Qin Plus DM-i go on sale, offering five versions with a starting price range of RMB 99,800 ($13,760) to RMB 145,800.

This is the first time BYD has made a model with its DM-i powertrain start at less than RMB 100,000.

The Song family of models sold 42,388 units in June, making it the second highest-selling BYD model in June. This represents a 32.14 percent year-on-year increase and an 11.51 percent increase from May.

In the first half of the year, Song family models sold 259,013 units, an increase of 59.01 percent year-on-year.

The BYD brand includes the Dynasty series and the Ocean series. Song family models include the Song Pro and Song Max DM-i in the Dynasty series, and the Song Plus EV and Song Plus DM-i in the Ocean series.

In June, 16,453 units of the Dynasty series Song were sold and 25,935 units of the Ocean series Song Plus were sold.

BYD Yuan family models sold 33,935 units in June, up 71.99 percent year-on-year but down 5.25 percent from May.

In the first half of the year, the Yuan family of models sold 206,153 units, up 162.07 percent year-on-year.

The NEV maker launched the 2023 Yuan Pro on May 31 with a starting price of RMB 95,800.

BYD Dolphin sold 31,140 units in June, up 200.12 percent year-on-year and 1.50 percent from May.

In the first half of the year, BYD Dolphin sold 162,848 units, an increase of 178.31 percent year-on-year.

BYD Han family models sold 23,206 units in June, down 8.78 percent year-on-year, but up 13.83 percent from May.

In the first half of the year, the Han family of models sold 97,223 units, up 86.14 percent year-on-year.

On March 16, BYD let the 2023 Han EV go on sale. On May 18, BYD let the Han DM-i and Han DM-p facelift models go on sale.

BYD Seagull sold 23,005 units in June. The model was launched on April 26 with a starting price of RMB 73,800, making it the cheapest BYD model.

From April to June, BYD Seagull sold 38,805 units.

BYD Tang sold 12,657 units in June, up 55.61 percent year-on-year and 6.62 percent from May.

In the first half of the year, the Tang sold 69,339 units, up 24.21 percent year-on-year.

BYD made the 2023 Tang DM-i available on March 16 with a starting price of RMB 209,800.

BYD Chaser 05 sold 10,222 units in June, up 36.95 percent year-on-year and down 2.25 percent from May.

In the first half of the year, 39,906 units of the model were sold.

The BYD Seal sold 8,134 units in June, up 0.68 percent from May. The model sold 42,797 units in the first half of the year.

On May 10, BYD officially made the updated version of the Seal available, with a starting price of RMB 23,000 lower than the previously available model.

BYD Frigate 07 sold 8,037 units in June, down 19.67 percent from May. In the first half of the year, 47,667 units of the model were sold.

BYD sold 253,046 NEVs in June, up 88.79 percent from 134,036 units a year ago and up 5.34 percent from 240,220 units in May, according to data released earlier today.

This includes 251,685 new energy passenger vehicles, and 1,361 new energy commercial vehicles.

BYD's Dynasty series passenger cars sold 130,490 units in June, and the Ocean series sold 11,045 units.

($1 = RMB 7.2523)

BYD sells record 253,046 NEVs in Jun, sales in H1 exceed 1.25 million

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BYD BYD Qin BYD Song BYD Yuan China Electric eMobility eV EV Data Monthly Data

BYD Jun sales breakdown: Qin 44,239, Song 42,388

Since March, the Qin family has been the top-selling model in monthly sales.

BYD today announced its new energy vehicle (NEV) sales for June, and later provided a breakdown of the different models.

The Qin family of models sold a record 44,239 units in June, making it the highest-selling BYD model for the month. This represents a 66.17 percent year-on-year increase and a 1.10 percent increase from May.

In the first half of the year, the Qin family of models sold 215,773 units, up 47.05 percent year-on-year.

From March to June, the Qin family was the highest-selling BYD model in monthly sales, figures monitored by CnEVPost show.

On February 10, BYD let a facelift of the plug-in hybrid sedan Qin Plus DM-i go on sale, offering five versions with a starting price range of RMB 99,800 ($13,760) to RMB 145,800.

This is the first time BYD has made a model with its DM-i powertrain start at less than RMB 100,000.

The Song family of models sold 42,388 units in June, making it the second highest-selling BYD model in June. This represents a 32.14 percent year-on-year increase and an 11.51 percent increase from May.

In the first half of the year, Song family models sold 259,013 units, an increase of 59.01 percent year-on-year.

The BYD brand includes the Dynasty series and the Ocean series. Song family models include the Song Pro and Song Max DM-i in the Dynasty series, and the Song Plus EV and Song Plus DM-i in the Ocean series.

In June, 16,453 units of the Dynasty series Song were sold and 25,935 units of the Ocean series Song Plus were sold.

BYD Yuan family models sold 33,935 units in June, up 71.99 percent year-on-year but down 5.25 percent from May.

In the first half of the year, the Yuan family of models sold 206,153 units, up 162.07 percent year-on-year.

The NEV maker launched the 2023 Yuan Pro on May 31 with a starting price of RMB 95,800.

BYD Dolphin sold 31,140 units in June, up 200.12 percent year-on-year and 1.50 percent from May.

In the first half of the year, BYD Dolphin sold 162,848 units, an increase of 178.31 percent year-on-year.

BYD Han family models sold 23,206 units in June, down 8.78 percent year-on-year, but up 13.83 percent from May.

In the first half of the year, the Han family of models sold 97,223 units, up 86.14 percent year-on-year.

On March 16, BYD let the 2023 Han EV go on sale. On May 18, BYD let the Han DM-i and Han DM-p facelift models go on sale.

BYD Seagull sold 23,005 units in June. The model was launched on April 26 with a starting price of RMB 73,800, making it the cheapest BYD model.

From April to June, BYD Seagull sold 38,805 units.

BYD Tang sold 12,657 units in June, up 55.61 percent year-on-year and 6.62 percent from May.

In the first half of the year, the Tang sold 69,339 units, up 24.21 percent year-on-year.

BYD made the 2023 Tang DM-i available on March 16 with a starting price of RMB 209,800.

BYD Chaser 05 sold 10,222 units in June, up 36.95 percent year-on-year and down 2.25 percent from May.

In the first half of the year, 39,906 units of the model were sold.

The BYD Seal sold 8,134 units in June, up 0.68 percent from May. The model sold 42,797 units in the first half of the year.

On May 10, BYD officially made the updated version of the Seal available, with a starting price of RMB 23,000 lower than the previously available model.

BYD Frigate 07 sold 8,037 units in June, down 19.67 percent from May. In the first half of the year, 47,667 units of the model were sold.

BYD sold 253,046 NEVs in June, up 88.79 percent from 134,036 units a year ago and up 5.34 percent from 240,220 units in May, according to data released earlier today.

This includes 251,685 new energy passenger vehicles, and 1,361 new energy commercial vehicles.

BYD's Dynasty series passenger cars sold 130,490 units in June, and the Ocean series sold 11,045 units.

($1 = RMB 7.2523)

BYD sells record 253,046 NEVs in Jun, sales in H1 exceed 1.25 million

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BYD China Deliveries Electric eMobility eV EV Data Monthly Data

BYD sells record 253,046 NEVs in Jun, sales in H1 exceed 1.25 million

In the first half of the year, sold 1,255,637 NEVs, up 95.78 percent year-on-year.

BYD (OTCMKTS: BYDDY) saw yet another record sales.

BYD sold 253,046 new energy vehicles (NEVs) in June, up 88.79 percent from 134,036 units a year ago and up 5.34 percent from 240,220 units in May, according to data released today.

The company discontinued production and sales of vehicles powered entirely by internal combustion engines in March last year and switched to focus on producing plug-in hybrids and pure electric vehicles.

BYD's NEVs include passenger cars as well as commercial vehicles, with sales of 251,685 passenger NEVs in June, up 109.39 percent from 133,762 units a year ago and up 5.27 percent from 239,092 units in May.

BYD's commercial NEVs sold 1,361 units in June, up 396.72 percent from 274 units in the same month last year and up 20.66 percent from 1,128 units in May.

Among the passenger NEVs, battery electric vehicles (BEVs) sold 128,196 units, up 84.34 percent from 69,544 units in the same month last year and up 7.18 percent from 119,603 units in May.

Its passenger plug-in hybrid vehicles (PHEVs) were 123,489 units, up 92.30 percent from 64,218 units in the same month last year and up 3.35 percent from 119,489 units in May.

In June, BYD sold 10,536 NEVs in overseas markets, up 3.26 percent from 10,203 units in May.

The company first announced overseas sales figures for NEVs in July 2022.

In addition to being China's largest NEV company, BYD is also the country's second-largest manufacturer of power batteries.

BYD's installed power and storage battery capacity in June was about 11.816 GWh, up 72.27 percent from 6.859 GWh in the same month last year and up 2.85 percent from 11.489 GWh in May.

In the second quarter, BYD's NEV sales were 703,561 units, up 98.17 percent year-on-year and up 27.44 percent from the first quarter.

Its passenger NEV sales in the second quarter were 700,244 units, up 98.13 percent year-on-year and 27.80 percent from the first quarter.

Its passenger BEV sales in the second quarter were 352,163 units, up 95.32 percent year-on-year and up 33.07 percent from the first quarter.

Passenger PHEV sales were 348,081 units in the second quarter, up 101.06 percent year-on-year and 22.88 percent from the first quarter.

In the first half of the year, BYD's NEV sales were 1,255,637 units, up 95.78 percent year-on-year.

BYD aims to sell at least 3 million vehicles this year and strives to reach 3.6 million, the company's chairman and president Wang Chuanfu said in late March.

The figures announced today mean that BYD will need to sell an average of about 290,000 units per month in the second half of the year if it is to reach its annual sales target of 3 million units.

BYD aims to sell at least 3 million vehicles this year

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BYD BYD Atto 3 BYD Brazil BYD Dolphin BYD South Africa China Electric eMobility eV

BYD launches Dolphin in Brazil, enters South African EV market with Atto 3

The Dolphin is 's fifth model to be launched in Brazil, and the Atto 3 is its first model to be offered in South Africa.

(Image credit: BYD)

BYD (OTCMKTS: BYDDY) is continuing to bring more models to more countries.

The Chinese new energy vehicle (NEV) maker launched the Dolphin in Brazil on June 28, its fifth model in the country after the Tang EV, Han EV, Yuan Plus EV and Song Plus DM-i.

The Dolphin is BYD's first model based on the e-Platform 3.0 and has a starting price of 149,800 Brazilian reais ($31,020) in Brazil.

As of June 29 local time, 300 BYD Dolphins have been sold in Brazil, the company said today.

BYD launched the Dolphin in China on August 29, 2021, and currently offers three versions in China with starting prices of RMB 116,800 ($16,100), RMB 123,800, and RMB 136,800, respectively.

"BYD is committed to offering more competitive new energy models for the Brazilian consumer. We are confident that BYD Dolphin is an excellent choice and can be the gateway for those who want to own an electric car," said Tyler Li, general manager of BYD Brazil.

In the passenger car segment, BYD has already established 24 offline dealership stores in Brazil and expects that number to reach 100 by the end of this year.

BYD also announced today that it officially entered the South African passenger car market with a brand launch event in the country on June 29.

BYD launched the Atto 3 in South Africa with a starting price of 768,000 South African rand ($40,630).

The Atto 3, known as the BYD Yuan Plus in China, is the NEV maker's first model built for the global market and is already available in several markets, including Japan, Australia and Singapore.

The BYD Yuan Plus has a starting price range of RMB 139,800 to RMB 167,800 in China.

BYD sold 240,220 NEVs in May, including 30,679 units of the Dolphin and 35,815 units of the Yuan family, according to figures released earlier this month.

In May, BYD sold 10,203 NEVs in overseas markets, down 31.19 percent from 14,827 units in April.

($1 = 4.8298 Brazilian reais, $1 = RMB 7.2582, $1 = 18.9032 South African rand)

BYD launches Dolphin EV in Australia

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China Electric eMobility eV HK Listing Industry News RoboSense

LiDAR maker RoboSense files for HK listing

In 2022, RoboSense had 953 customers, including , , Great Wall Motor, , Lotus and Lucid.

(Image credit: RoboSense)

RoboSense Technology has filed for a Hong Kong IPO and is expected to become the second Chinese LiDAR maker to go public after Hesai Group.

RoboSense's prospectus was made public on the HKEX website today, with JPMorgan and China Renaissances as co-sponsors.

The number of shares RoboSense plans to issue or the amount of capital it plans to raise has not been announced, but the prospectus provides details about its business.

RoboSense was founded in 2014 and its RS-LiDAR-M1 was the world's first mass-produced solid-state LiDAR, with mass production and delivery beginning in June 2021.

In 2022, RS-LiDAR-M1P, an upgraded version of RS-LiDAR-M1, achieves mass production.

Sales of RS-LiDAR-M1 and RS-LiDAR-M1P were 36,600 units and 4,300 units respectively in 2022.

RoboSense demonstrated the new product RS-LiDAR-E1 at its Tech Day event on November 7, 2022, and will begin mass production in the second half of 2023.

As of March 31, RoboSense has received expected orders for 52 models of LiDAR from 21 car companies and Tier 1 suppliers, of which 9 models have already started production, according to its prospectus.

In 2022, RoboSense has 953 customers, including primarily Geely, GAC Aion, Great Wall Motor, Xpeng, Lotus, and Lucid.

Since inception, RoboSense has delivered more than 100,000 LiDARs cumulatively as of the end of the first quarter.

RoboSense's revenues for 2020 to 2022 were RMB171 million ($23.5 million), RMB331 million, and RMB530 million, respectively.

Like many other tech startups, RoboSense is still in the red.

From 2020 to 2022, RoboSense recorded net losses of RMB 220 million, RMB 1.65 billion, and RMB 2.09 billion, respectively.

Its adjusted net losses for these three years were RMB 59.9 million, RMB 108 million, and RMB 563 million, respectively. These adjustments include the exclusion of share-based compensation, changes in the value of financial instruments issued to investors, and listing expenses.

RoboSense entered into a supply partnership with at the end of 2021 and announced on February 6 this year a supply partnership agreement with Toyota to supply LiDARs for a number of the latter's models.

RoboSense is set to become the second Chinese LiDAR maker to go public, after its local counterpart Hesai was listed in the US on February 10.

Hesai, also founded in Shanghai in late 2014, initially focused on developing high-performance laser sensors and has been exploring driverless LiDAR products since 2016.

($1 = RMB 7.2689)

Shanghai auto show: EVs take center stage, nearly 40 models equipped with LiDARs

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China Electric eMobility eV Tesla Tesla Model Y Wait Times

Tesla Model Y wait times get longer in China

The latest wait times for all three versions of the Model Y in China are a slightly longer 2-6 weeks, the second change this year since January 9.

(Image credit: CnEVPost)

Tesla's (NASDAQ: TSLA) Model Y -- the best-selling SUV in China -- is seeing longer wait times, the second such change in the first half of this year.

The latest expected delivery dates for all three available versions of the Model Y in China -- the entry-level rear-wheel drive Model Y, the dual-motor all-wheel drive Model Y Long Range, and the dual-motor all-wheel drive Model Y Performance -- are all 2-6 weeks, CnEVPost's monitoring shows.

The last change in wait times for the Model Y in China was on January 9, when both the entry-level Model Y and Model Y Long Range went from 1-4 weeks to 2-5 weeks, and the Model Y Performance stayed at 1-4 weeks.

CnEVPost has been tracking wait times and price changes for Tesla models in China on a daily basis since April 2022. The latest change in Model Y wait times is the second in the first half of the year.

(Vehicle information displayed on Tesla's China website on June 30, 2023.)

Tesla has a factory in Shanghai that produces the Model 3 and Model Y. The expected delivery dates for the two versions of the Model 3 -- the entry-level rear-wheel drive version and the dual-motor all-wheel drive Model 3 Performance -- remain unchanged at 1-4 weeks.

The Model 3 and Model Y showed no change in price or core specification information today. There have been some changes to their pricing information in China in the first half of this year.

On January 6, Tesla significantly lowered the prices of the full range of Model 3 and Model Y in China. The specific adjustments at that time were as follows:

The price of the entry-level Model 3 was reduced by RMB 36,000 from RMB 265,900 ($36,660) to RMB 229,900 on January 6, and the Model 3 Performance was reduced by RMB 20,000 from RMB 349,900 to RMB 329,900.

The price of the entry-level Model Y was reduced by RMB 29,000 from RMB 288,900 to RMB 259,900 on January 6, and the Model Y Long Range was reduced by RMB 48,000 from RMB 357,900 to RMB 309,900. The Model Y Performance was reduced by RMB 38,000 to RMB 359,900 from RMB 397,900.

On February 10, Tesla increased the price of the base Model Y in China by RMB 2,000 to RMB 261,900.

On February 17, Tesla increased the price of Model Y Long Range and Model Y Performance in China both by RMB 2,000 to RMB 311,900 and RMB 361,900, respectively.

On May 2, Tesla increased the prices of the entire Model 3 and Model Y lineup by RMB 2,000 in China. Following this adjustment, the starting prices for the two versions of the Model 3 were RMB 231,900 and RMB 331,900, respectively, and the starting prices for the three versions of the Model Y were RMB 263,900, RMB 313,900 and RMB 363,900, respectively.

Prices for the Model 3 and Model Y have not changed in China since the May 2 price change.

Tesla sold 42,508 Model 3 and Model Y vehicles in China in May, and the Shanghai plant exported 35,187 vehicles, according to the China Passenger Car Association (CPCA).

Model Y retail sales in China in May were 31,054 units, up 428.58 percent year-on-year and up 16.05 percent from April.

This makes the Model Y the best-selling SUV in China in May, above the second-place Yuan Plus with 26,072 units and the third-place BYD Song Plus with 22,079 units, according to a ranking by the CPCA.

From January to May, Model Y retail sales in China were 152,461 units, up 87.03 percent year-on-year, making it the best-selling SUV in China during that period.

Yesterday, local media outlet 36kr reported that Tesla's revamped China-made Model 3 will have an upgraded battery pack, with the base rear-wheel drive version using 's new M3P lithium iron phosphate battery, which will be upgraded from 60 kWh to 66 kWh in capacity.

The 66-kWh battery pack will not only be used in the improved Model 3, but also in the future upgraded Model Y, the report said, citing sources.

($1 = RMB 7.2525)

Tesla starts offering insurance subsidies for car purchases in China again

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China Electric eMobility eV GAC Aion GAC Aion Global GAC Aion Thailand

GAC Aion announces entry into Thailand with plans for local production

will set up its Southeast Asia headquarters in Thailand within this year, with local production in the country in active preparation, it said.

(Image credit: CnEVPost)

GAC Aion, the electric vehicle (EV) subsidiary of GAC Group, has announced its entry into the Thai car market, becoming the latest Chinese EV maker to do so.

On June 28, GAC Aion signed a memorandum of cooperation with a Thai dealership to officially enter the Thai market, kicking off the brand's internationalization, said an announcement yesterday.

The signing is the first step in the overseas strategy of GAC Aion, which will set up its Southeast Asian headquarters in Thailand within this year, it said.

Meanwhile, local production of models offered in Thailand is in active preparation, GAC Aion said.

Going forward, GAC Aion will deepen its efforts in the Thai market and expand its presence in Southeast Asia, it said.

GAC Aion sold a record 45,003 vehicles in May, its third consecutive month of more than 40,000 units, according to figures it released earlier this month.

In a ranking released earlier this month by the China Passenger Car Association (CPCA), GAC Aion ranked second among the top 10 NEV retail sales, behind 's 220,735 units.

GAC Aion plans to produce and sell 500,000 pure electric vehicles this year and launch overseas business efforts, GAC Group spokesman Yin Jie said at a June 27 press conference held by the Guangzhou municipal government.

GAC Aion is the latest local car company to announce its entry into Thailand. As competition in China's EV market grows fiercer, several car companies have set their sights on overseas markets.

Nio (NYSE: ) and Xpeng (NYSE: XPEV) are currently focusing their overseas efforts on Europe, in terms of choosing their first overseas market.

Other Chinese EV makers, including Automobile and Leapmotor, are targeting less economically developed markets in Southeast Asia or the Middle East.

On August 24, 2022, Neta announced the launch of the right-hand-drive version of the Neta V EV at a launch event in Thailand, as its first model offered there.

On March 10 this year, Neta laid the foundation stone for its factory in Bangkok, Thailand, which will be its main manufacturing base for building right-hand-drive electric vehicles for export to ASEAN.

GAC Aion aims to sell 500,000 all-electric vehicles this year

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China Electric eMobility eV GAC Aion Sales Target Tesla

GAC Aion aims to sell 500,000 all-electric vehicles this year

sold 271,156 vehicles for the full year 2022, and the latest target implies an 84.4 percent increase.

(Image credit: CnEVPost)

GAC Aion, the electric vehicle (EV) subsidiary of Guangzhou-based GAC Group, is targeting sales of about 500,000 vehicles this year, implying an almost doubling of growth from last year.

GAC Aion plans to produce and sell 500,000 pure-play EVs this year and launch its overseas business efforts, GAC Group spokeswoman Yin Jie said at a June 27 press conference held by the Guangzhou municipal government.

GAC Aion will aim to exceed 1 million vehicles in annual production and sales by 2025, Yin said, adding that the company is now moving full steam ahead with its initial public offering (IPO) efforts.

For the full year 2022, GAC Aion sold 271,156 vehicles, according to data monitored by CnEVPost.

This year's sales target of 500,000 vehicles would represent an 84.4 percent increase.

GAC Aion sold a record 45,003 vehicles in May, its third consecutive month of more than 40,000, figures it released earlier this month show.

This represents a 113.73 percent increase over the 21,056 vehicles sold in the same month last year and a 9.73 percent increase over the 41,012 vehicles sold in April.

In a ranking released earlier this month by the China Passenger Car Association (CPCA), GAC Aion ranked second among the top 10 new energy vehicle (NEV) retail sales, behind 's 220,735 units.

From January to May, GAC Aion sold 166,323 vehicles, which was an increase of 118.44 percent from 76,142 units in the same period last year.

This makes GAC Aion the No. 3 player in retail sales in China from January to May, behind BYD with 923,343 units and with 219,893 units.

GAC Group aims to see NEVs contributing 25 percent of sales by 2025, with its own brands contributing 50 percent of those NEV sales, Yi said in the press conference.

CPCA rankings: Top-selling automakers in China in May

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BYD BYD Global BYD Jamaica China Electric eMobility eV

BYD partners with Jamaican dealer to tap Caribbean markets

The partnership will cover 10 countries and Jamaican dealer ATL will start accepting pre-orders immediately, with deliveries to begin in October.

(Image credit: )

BYD (OTCMKTS: BYDDY) entered into a partnership with Jamaican car dealer ATL Automotive on June 26 to jointly provide new energy passenger car products for the Caribbean markets.

ATL, which was founded in 1997 and has a dedicated workforce of up to 600 employees, has been the largest investor in Jamaica's automotive sector since 2010, according to a BYD press release today. The two held a signing ceremony in Jamaica's capital city of Kingston.

BYD and ATL will work together to provide passenger new energy vehicle (NEV) sales and after-sales services to consumers in the Caribbean, with operations in 10 countries.

ATL has been appointed as BYD's regional dealer for sales and after-sales operations in Jamaica. In addition, ATL will assume regional management responsibilities in nine additional countries, including Trinidad and Tobago, Cayman, Curaçao, Barbados, Aruba, Antigua, Saint Lucia, Guyana, and Suriname.

The two plan to open two BYD showrooms in Jamaica, in Kingston and Montego Bay, in order to provide local consumers with a one-stop experience of BYD technology and BYD products, according to the release.

"We will begin accepting pre-orders immediately, with car deliveries scheduled to commence in October. Then there will be a massive roll-out of showrooms across the Caribbean. The future is electric, and BYD will be Jamaica's and the Caribbean's number one EV brand," said Adam Stewart, executive chairman of ATL.

In the coming year, BYD will complete the construction of 10 stores with ATL, said Neva Zhang, country manager of the Caribbean and Central American Countries of BYD.

BYD's press release did not mention which models will first be available in the Caribbean.

This is the latest development for the Chinese NEV giant in the overseas passenger car market, where it launched the Dolphin model on June 22 with Australian partner EV Direct.

BYD sold 240,220 NEVs in May, up 108.99 percent from 114,943 units in the same month last year and up 14.23 percent from 210,295 units in April.

In May, BYD sold 10,203 NEVs in overseas markets, down 31.19 percent from 14,827 units in April.

The company stopped production and sales of vehicles powered entirely by internal combustion engines in March last year and switched to focus on producing plug-in hybrids and pure electric vehicles.

BYD expands presence in Middle East with launch of Atto 3 in UAE

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