BYD want to start mass production of EVs in Europe by 2025.
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Category: BYD
First Tesla Model Y with BYD Blade battery rolled off the production line in Germany. Its performance is surprising
The Tesla Model Y with BYD battery hit the production line in Germany and appeared to be more efficient than the Y with CATL battery.
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BYD evaluating feasibility of building passenger car plant in Europe
BYD said it is evaluating the feasibility of building a passenger car plant in Europe and is looking for a suitable location. | BYDDY.US | BYD HK
(Image credit: CnEVPost)
BYD (OTCMKTS: BYDDY) said it is evaluating the feasibility of building a passenger car plant in Europe after a report earlier today generated widespread discussion.
The Chinese new energy vehicle (NEV) giant wants to build a plant in Europe, and France is among the countries it's considering, with Spain and Germany also in the running, according to a report in French media outlet Les Echos today.
"Discussions with BYD are continuing," the report said, citing an unnamed French minister.
BYD is evaluating the feasibility of building a passenger car plant in Europe and is looking for a suitable location, the company said in a response shared with CnEVPost.
This is not the first time BYD has been reported to be looking to build a passenger car plant in Europe, as the NEV giant ramps up its efforts to expand in international markets.
Last December 7, Bloomberg cited BYD executive vice president Stella Li as saying that BYD was looking to build a passenger car plant in Europe.
"Yes, and maybe not only one, it can be two," Li said at the time, adding that the company was evaluating the best locations to support BYD's fast ramp-up.
In a March 12 interview with the Financial Times, BYD European president Michael Shu said the company was looking at both new sites and existing plants, with the first European plant likely to be located in Germany, France, Spain, Poland and Hungary.
A decision is likely this year, with the aim of producing its first vehicles as early as 2025, according to the report.
BYD established its first overseas branch in the Netherlands in 1998 to expand into the European market.
Its European branch has expanded its business from batteries to solar energy, energy storage and NEVs, with an operational footprint of more than 20 countries and 100 cities across Europe, according to information shared by the company at the end of September last year.
Notably, BYD had not previously promoted its passenger car business hard in Europe until September 28 last year, when it introduced three battery electric vehicles (BEVs) -- the Atto 3, Han, and Tang -- to the European market at an online launch event.
In April this year, BYD held a launch event in Barcelona, Spain, announcing that Dolphin and Seal will enter the European market in 2023.
The Dolphin will be available for pre-sale this summer, with deliveries in the fourth quarter, and the Seal will be available in Europe shortly thereafter, BYD said at the time.
The two models will be BYD's new batch of all-electric models in Europe, following the launch of the Han, Tang and ATTO 3 in Europe last year, and are the first BYD Ocean series models to be launched for the European market.
BYD sold 210,295 NEVs in April, up 98.31 percent year-on-year and up 1.55 percent from March.
In April, BYD sold 14,827 NEVs in overseas markets, up 11.38 percent from 13,312 units in March.
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BYD 2023 Han DM series sedan gets 13,695 orders in 72 hours of launch
On May 18, BYD launched the facelifts of the plug-in hybrid versions of its flagship Han sedan at reduced prices compared to the 2022 variants. | BYDDY.US | BYD HK
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) has updated the order data for the 2023 Han DM series to show that the sedan's facelifts have received a good reception after launch.
Orders for the 2023 Han DM-i and Han DM-p models reached 13,695 units 72 hours after launch, BYD announced Sunday on Weibo.
On May 18, BYD officially made the facelifts of its flagship sedan BYD Han's plug-in hybrid versions, the Han DM-i Champion Edition and Han DM-p Warrior Edition, available in China.
The 2023 Han DM-i is available in six versions with starting prices of RMB 189,800 ($27,033), RMB 199,800, RMB 209,800, RMB 219,800, RMB 239,800 and RMB 249,800 respectively.
The 2023 Han DM-p is available in only one version, starting at RMB 289,800.
This means that the starting price of the 2023 Han DM-i is reduced by RMB 28,000 and the Han DM-p is reduced by RMB 32,000 compared to the 2022 model.
Of the 13,695 units ordered, the average sales price is more than RMB 241,000, BYD said Sunday.
Consumers who chose the 200 km battery range version accounted for 37.8 percent of consumers, and the percentage of female consumers was 37.2 percent BYD said.
On May 19, the second day of the 2023 Han's launch, BYD said the model received 8,051 orders on launch day.
Many BYD models are offered in both pure electric and plug-in hybrid versions, with the latter likely to include a DM-i version that focuses more on fuel economy, and a DM-p version that focuses more on performance.
On March 16, BYD made the 2023 Han EV available for a starting price of RMB 209,800, down from RMB 219,800 for the model's 2022 version.
The BYD Han has a length, width and height of 4,975 mm, 1,910 mm and 1,495 mm, respectively, and a wheelbase of 2,920 mm.
The entry version of the Han DM-i can accelerate from 0 to 100 km/h in 7.9 seconds and the Han DM-p in 3.7 seconds.
The Han DM-i has two options for pure electric range, with NEDC ranges of 121 km and 200 km. The model has a combined range of 1,260 km on full fuel and full charge.
The BYD Han family sold 14,329 units in April, up 6.77 percent year-on-year and up 5.75 percent from March.
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 at an investor conference on March 29.
($1 = RMB 7.0209)
BYD launches facelifts of Han sedan's hybrid variants with lower prices
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BYD’s F-Brand was launched in China. Logo revealed
BYD's F-Brand was launched in China to compete with German legacy brands. Its manufacturing will start in China this year.
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BYD says 2023 Han DM series gets 8,051 orders on day of launch
Of the 8,051 orders received on launch day, the average price exceeded RMB 240,000, with 35.9 percent of consumers ordering the model with a range of 200 km, BYD said.
(Image credit: BYD)
Facelifts of the hybrid variants of BYD's flagship sedan Han garnered thousands of orders on launch day, underscoring that its strategy of making prices lower by releasing revamped versions of current models is working.
The 2023 Han DM-i and Han DM-p garnered 8,051 orders on launch day, the Chinese new energy vehicle (NEV) giant announced today.
Both models were officially launched in China yesterday afternoon, with the 2023 Han DM-i offered in six versions starting at RMB 189,800 ($27,000), RMB 199,800, RMB 209,800, RMB 219,800, RMB 239,800 and RMB 249,800, and the 2023 Han DM-p offered in just one version with a starting price of RMB 289,800.
Compared to the previous starting prices of these two models, the Han DM-i is RMB 28,000 lower and the Han DM-p is RMB 32,000 lower.
The 2023 Han DM-i is available in four versions with an NEDC pure electric range of 121 km and two other versions with 200 km. The new Han DM-p has an NEDC pure electric range of 200 km.
Of the 8,051 orders received on launch day, the average price exceeded RMB 240,000, with 35.9 percent of consumers ordering the model with a 200-km range, BYD said today.
The massive price war that erupted in China's auto industry in March is seen as having largely subsided, though BYD's strategy of making prices even lower by releasing new models is making things interesting.
Many BYD models are offered in both pure electric and plug-in hybrid versions, with the latter may also include a DM-i version that focuses more on fuel economy and a DM-p version that focuses more on performance.
On March 16, BYD made the 2023 Han EV available for a starting price of RMB 209,800, down from RMB 219,800 for the model's 2022 version.
On May 10, BYD made a revamped version of its all-electric Seal sedan available, with a starting price of RMB 23,000 lower than the previously available model.
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 at a March 29 investor conference.
The company sold 210,295 NEVs in April, up 98.31 percent from 106,042 a year earlier and up 1.55 percent from 207,080 in March, data released earlier this month showed.
($1 = RMB 7.0566)
BYD launches facelifts of Han sedan's hybrid variants with lower prices
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BYD launched new Han DM-i and DM-p PHEV sedans. Price starts at 27,000 USD
BYD Han DM-i and DM-p launched in China with a lowered price and some new tech on board.
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BYD launches facelifts of Han sedan’s hybrid variants with lower prices
This is BYD's latest move to further expand its market share by launching revamped models to make prices lower, following the launch of the 2023 Han EV, as well as the 2023 Seal. | BYDDY.US | BYD HK
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) has released revamped models of the plug-in hybrid version of its flagship Han sedan to make it more affordable, similar to what it has done so far this year to expand its market share.
The new energy vehicle (NEV) giant today officially made the 2023 Han DM-i Champion and 2023 Han DM-p Warrior editions available in China, starting at lower prices while allowing for upgraded specifications.
The 2023 Han DM-i is available in six versions with starting prices of RMB 189,800 ($27,000), RMB 199,800, RMB 209,800, RMB 219,800, RMB 239,800 and RMB 249,800 respectively.
The previously available Han DM-i has 4 versions with starting prices of RMB 217,800, 227,800, 237,800 and 291,800 respectively.
This means that the starting price of the 2023 Han DM-i is reduced by RMB 28,000.
BYD's 2023 Han DM-p is only available in one version with a starting price of RMB 289,800.
The 2022 Han DM-p is also available in one version at a starting price of RMB 321,800. The price for the 2023 model was reduced by RMB 32,000.
Several BYD models are available in both pure electric and plug-in hybrid versions, with the latter sometimes include a DM-i version that focuses more on fuel economy and a DM-p version that focuses more on performance.
On March 16, BYD made the 2023 Han EV available for a starting price of RMB 209,800, down from RMB 219,800 for the model's 2022 version.
The BYD Han has a length, width and height of 4,975 mm, 1,910 mm and 1,495 mm, respectively, and a wheelbase of 2,920 mm.
The entry version of the 2023 Han DM-i can accelerate from 0 to 100 km/h in 7.9 seconds and the 2023 Han DM-p in 3.7 seconds.
The 2023 Han DM-i has two options for pure electric range, with an NEDC range of 121 km and 200 km. The model has a combined range of 1,260 km on full fuel and full charge.
The Han DM-p has an NEDC range of 200 km and a combined range of 1,120 km on a full fuel and charge.
Chinese NEV companies have generally faced weaker consumer demand so far this year, with the withdrawal of state purchase subsidies at the end of last year.
Many NEV makers have chosen to stimulate sales by cutting prices, and BYD has previously offered discounts for some of its models.
Unlike other peers, BYD's larger model matrix and vertical integration of its supply chain has allowed it to get prices lower by quickly rolling out facelifts.
On May 10, BYD made a revamped version of its all-electric Seal sedan available for sale, starting at RMB 23,000 less than the previously available model.
BYD sold 210,295 NEVs in April, up 98.31 percent from 106,042 units a year earlier and up 1.55 percent from 207,080 units in March, figures released by the company earlier this month showed.
The BYD Han family sold 14,329 units in April, up 6.77 percent year-on-year and 5.75 percent from March.
BYD Seal sold 6,212 units in April, up 3.53 percent from 6,000 units in March.
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 at a March 29 investor conference.
($1 = RMB 7.0342)
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BYD secures new land in Guangdong for NEV projects
Since October 2021, BYD has acquired five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of more than 4.1 million square meters.
(Image credit: CnEVPost)
BYD (OTCMKTS: BYDDY) has secured a new land parcel in Guangdong to prepare for its construction of new projects.
On May 15, a plot of land of more than 520,000 square meters in Shenzhen's Shenzhen-Shanwei Special Cooperation Zone was acquired by BYD for RMB 376 million ($5.4 million), according to an announcement by the local government yesterday.
This is the fifth mega industrial site BYD has acquired in the special cooperation zone, which will be used to build BYD's automotive industrial park projects, according to the announcement.
Shenzhen-Shanwei Special Cooperation Zone is an enclave of Shenzhen, located in Shanwei city, Guangdong province, but managed by Shenzhen, the first special cooperation zone in China.
BYD has been granted a land area of 522,400 square meters, with a building area of 1.12 million square meters and a land use term of 30 years.
(The 5th plot of land acquired by BYD in Shenzhen-Shanwei Special Cooperation Zone.)
Since October 2021, BYD has been granted five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of over 4.1 million square meters.
These sites will all be used for BYD's automotive industrial park projects, which are important for the zone to create an industrial pattern with a new energy vehicle (NEV) industry as the main focus, complemented by new energy storage, new materials and intelligent manufacturing robots, the local government's announcement said.
The first and second phases of BYD's project here have a total investment of RMB 25 billion, and the annual output value is expected to exceed RMB 110 billion when all production is reached, according to the announcement.
In June last year, BYD acquired a plot of land with an area of over 554,500 square meters in the special cooperation zone for RMB 403 million, which will be used for the first phase of the local BYD industrial park.
The first phase of the project, with a planned total investment of RMB 5 billion, will mainly produce auto parts and is expected to have an annual output value of about RMB 10 billion and 18,000 employees after it goes into operation, according to a report by Shenzhen Economic Daily at the time.
($1= RMB 6.9525)
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BYD secures new land in Guangdong for NEV projects
Since October 2021, BYD has acquired five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of more than 4.1 million square meters.
(Image credit: CnEVPost)
BYD (OTCMKTS: BYDDY) has secured a new land parcel in Guangdong to prepare for its construction of new projects.
On May 15, a plot of land of more than 520,000 square meters in Shenzhen's Shenzhen-Shanwei Special Cooperation Zone was acquired by BYD for RMB 376 million ($5.4 million), according to an announcement by the local government yesterday.
This is the fifth mega industrial site BYD has acquired in the special cooperation zone, which will be used to build BYD's automotive industrial park projects, according to the announcement.
Shenzhen-Shanwei Special Cooperation Zone is an enclave of Shenzhen, located in Shanwei city, Guangdong province, but managed by Shenzhen, the first special cooperation zone in China.
BYD has been granted a land area of 522,400 square meters, with a building area of 1.12 million square meters and a land use term of 30 years.
(The 5th plot of land acquired by BYD in Shenzhen-Shanwei Special Cooperation Zone.)
Since October 2021, BYD has been granted five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of over 4.1 million square meters.
These sites will all be used for BYD's automotive industrial park projects, which are important for the zone to create an industrial pattern with a new energy vehicle (NEV) industry as the main focus, complemented by new energy storage, new materials and intelligent manufacturing robots, the local government's announcement said.
The first and second phases of BYD's project here have a total investment of RMB 25 billion, and the annual output value is expected to exceed RMB 110 billion when all production is reached, according to the announcement.
In June last year, BYD acquired a plot of land with an area of over 554,500 square meters in the special cooperation zone for RMB 403 million, which will be used for the first phase of the local BYD industrial park.
The first phase of the project, with a planned total investment of RMB 5 billion, will mainly produce auto parts and is expected to have an annual output value of about RMB 10 billion and 18,000 employees after it goes into operation, according to a report by Shenzhen Economic Daily at the time.
($1= RMB 6.9525)
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