BYD held over 45% of the Thai EV market share in April, ranking first in the Thai EV market for four consecutive months.
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Category: BYD
Denza could see monthly sales of over 20,000 units this year, exec says
Denza's new SUV model N7, which is being pre-sold, is expected to receive more than 6,000 new orders this month and is on track to reach 30,000 orders before its official launch, the brand's chief said.
Denza, a joint venture between BYD (OTCMKTS: BYDDY) and Mercedes-Benz, has become one of the most talked-about EV brands in China, after BYD took a majority stake last year.
Denza has a chance to see monthly sales of more than 20,000 units this year, Zhao Changjiang, general manager of the company's sales division, said on Weibo late last night.
Denza's first model after the rebranding, the Denza D9 MPV, could see additional orders of 13,000 to 15,000 units this month, according to Zhao.
Denza's new SUV, the N7, which is on pre-sale, is expected to receive more than 6,000 new orders this month and is expected to reach 30,000 orders before its official launch, Zhao said
About 20 percent of the customers who pre-ordered the Denza N7 are D9 owners, he said.
The Denza N7 is a car that is two generations ahead of the industry and will start to show its true capabilities, Zhao said, adding that Denza will hold road shows about the model in Beijing starting May 12.
Denza will also be announcing the interior of the N8 in the near future, and people who like to go off-road as well as those who want to balance family can keep an eye on it, he said.
Denza was established in February 2011 as a joint venture between BYD and Daimler, each of whom held a 50 percent stake at the time. Last year, BYD's stake in Denza was increased to 90 percent.
Denza's only model currently on sale, the D9, went on sale on August 23, 2022, with deliveries starting on October 26.
The N7 is the second model after its rebranding, for which Denza already started warming up two months ago.
The Denza N7 has inspired a high level of enthusiasm, and with the announcement of Denza's partnership with French high-end audio brand Devialet on March 22, the number of daily customer inquiries has been particularly high, Zhao said on Weibo on March 26.
There are many customers who want to get the Denza N7 launched as soon as possible, and according to the inquiry volume data, the model is expected to get 30,000 orders before its launch in the middle of the year, Zhao said at the time.
Earlier in February, Zhao said the Denza N7 would be launched in the first half of this year.
Denza opened reservations for the N7 on the first day of the Shanghai auto show on April 18, but notably, its pricing information was not released.
On April 25, Denza announced that the Denza N7 has received 10,569 pre-orders, just 7 days after pre-orders open.
Denza sold 10,526 vehicles in April, the second consecutive month in which it exceeded 10,000 units, according to figures it announced earlier this month.
Regulatory filing: Here are core specs for BYD's Denza brand's new SUV, Denza N7
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BYD continues to be Israel’s best-selling EV brand in April, delivering 1,377 EVs
BYD has become Israel's fourth best-selling car brand for the first time, The top three are all gasoline powered brands.
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Chinese EVs registrations in Germany in April: MG 1,163, Lynk&Co 198, Nio 25
BEV vehicles were +34% up in April in Germany, Tesla was +272% up and registred 2,420 EVs.
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New BYD Seal base model to launch 11% cheaper on May 7 for 27,400 USD
Seal gets cheaper again!
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BYD presents Han EV, Yuan Plus EV and Dolphin in Ecuador
BYD has entered into a strategic partnership with Ecuadorian car dealership group Andor, which will establish six dealer stores in the next six months and plans to expand to 12 in 2024.
(Image credit: BYD)
BYD held a brand launch event in the Ecuadorian capital Quito on May 3 and debuted the Han EV, Yuan Plus EV and Dolphin models in the country, according to a press release from the Chinese new energy vehicle (NEV) maker today.
At the event, BYD announced a strategic partnership with Ecuadorian car dealership group Andor Corporation, which will showcase BYD models at three shopping centers -- Quicentro Shopping, Paseo San Francisco and Mall del Sol.
In the next six months, Andor will establish six dealer stores in Quito, Guayaquil and Manta, and plans to expand to 12 by 2024.
In the future, BYD will work with local dealers in Ecuador to create a localized sales and service system, the NEV maker said.
BYD sold 210,295 NEVs in April, up 98.31 percent from 106,042 units in the same month last year and up 1.55 percent from 207,080 units in March, according to data released May 2.
The company stopped production and sales of vehicles powered entirely by internal combustion engines last March to focus on producing plug-in hybrids and pure electric vehicles.
BYD's flagship Han family of sedans sold 14,329 units in April, up 6.77 percent year-on-year and up 5.75 percent from March. The Han family includes the all-electric Han EV and the hybrid Han DM series.
The Yuan family of models sold 39,160 units in April, making it the second highest selling BYD model for the month. The Yuan Plus is BYD's first model for the global market and is known as the Atto 3 in several other markets.
Dolphin sold 30,462 units in April, essentially unchanged from 30,077 units in March and up 153.01 percent from 12,040 units in the same month last year.
In April, BYD sold 14,827 NEVs in overseas markets, up 11.38 percent from 13,312 units in March.
BYD officially launches Seagull to expand its presence in China's EV market
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Interior of the BYD’s Yangwang U9 unveiled in patent images with a steering yoke
The Yangwang U9 is the first BYD car with a steering yoke. It will hit the market this year with 1100 hp and a price tag of 150,000 USD.
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Tesla Model Y with BYD battery has started production in Germany, report says
Since this week, the Model Y with BYD battery has been produced at Tesla's Gigafactory in Grünheide, Germany, according to a German media report. | TSLA.US BYDDY.US | BYD HK
(Image credit: CnEVPost)
Starting this week, the Model Y with BYD battery has been produced at Tesla's Gigafactory in Grünheide, Germany, local media outlet Teslamag said in a report Thursday.
The model is a rear-wheel drive version and the batteries will not be produced by Tesla itself, but by BYD in China, according to the report.
This is Tesla's fourth battery supplier after Panasonic, LG Energy Solution and CATL, the report noted.
Last August, Tesla applied for and received European type approval for the Model Y with BYD's lithium iron phosphate (LFP) battery, which at the time had a 55-kWh capacity and a 440 km WLTP range, the report said.
Tesla currently specifies a WLTP range of 455 km for the Model Y with standard rims and 430 km with 20-inch wheels, the report noted.
In February 2022, rumors surfaced that Tesla had placed an order with BYD's battery manufacturing division, FinDreams Battery, for blade batteries for 204,000 vehicles per year.
On August 10, 2022, Chinese media outlet Sina Tech cited multiple sources as saying that BYD's blade battery supplies to Tesla had begun to be delivered to the latter's plant in Berlin, Germany, the first Tesla Gigafactory to apply BYD batteries.
On March 13, South Korea's Korea Economic Daily reported that Tesla had decided not to use BYD's batteries due to quality problems caused by a series of fire incidents with the latter's LFP batteries.
A BYD spokesperson, responding to CnEVPost's request for comment at the time, said the information was untrue and not in line with the actual situation.
Tesla CEO Elon Musk later also tweeted that the media report was false and that Tesla's relationship with BYD was positive.
BYD is not only the largest new energy vehicle (NEV) in China, but also one of the largest battery manufacturers in the world.
BYD installed 21.5 GWh of power batteries in the first quarter, ranking second in the world with a 16.2 percent share, according to data released by South Korean market research firm SNE Research on May 3.
CATL continued to rank first in the world with a 35.0 percent share in the first quarter, and was the only one with a share of more than 30 percent.
BYD says report that Tesla won't extend battery supply partnership with it untrue
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Tesla started production of Model Y with BYD battery in German Gigafactory, according to a report
BYD is the biggest car maker in China and the second biggest battery producer globally.
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Global EV battery market share in Q1: CATL 35%, BYD 16.2%
CATL's battery is expected to maintain its No. 1 position as it is in high demand in passenger cars such as the Tesla Model 3, Model Y, SAIC Mulan, and the Chinese commercial vehicle market, according to SNE Research.
Global battery installations for electric vehicles (EVs) maintained strong growth in the first quarter, with China's CATL and BYD (OTCMKTS: BYDDY) continuing to hold the top two positions.
In the first quarter, global EV battery consumption totaled 133.0 GWh, up 38.6 percent from 95.9 GWh in the same period last year, according to a report released yesterday by South Korean market research firm SNE Research.
Among them, CATL installed 46.6 GWh of batteries in the first quarter, up 35.9 percent from 34.3 GWh in the same period last year.
The Chinese power battery giant continued to rank No. 1 in the world with a 35.0 percent share, down from its 35.8 percent share a year ago and up from its 33.9 percent share in the January-February period.
CATL's battery is expected to maintain its No. 1 position as it is in high demand in passenger cars such as the Tesla Model 3, Model Y, SAIC Mulan, GAC Aion Y, and the Chinese commercial vehicle market, SNE Research said.
BYD installed 21.5 GWh of power batteries in the first quarter, up 115.5 percent from 10.0 GWh in the same period last year.
The company ranked second with a 16.2 percent share in the first quarter, up from 10.4 percent a year earlier and down from 18.2 percent in January-February.
BYD is gaining popularity in the Chinese domestic market with its price competitiveness through a vertically integrated supply chain, including self-supply of batteries and vehicle manufacturing, SNE Research said.
BYD is known to enter the South Korean market soon following Europe, drawing attention to the change in its growth trend, SNE Research added in the report.
LG Energy Solution's power battery installation from January to March was 19.3 GWh, up 37.5 percent year-on-year.
The South Korean company ranked third in the world with a 14.5 percent share, down from 14.6 percent a year earlier.
Japan's Panasonic was fourth with a 9.0 percent share, South Korea's SK On was fifth with a 5.3 percent share and Samsung SDI was sixth with a 4.9 percent share.
China's CALB, Gotion High-tech, Eve Energy and Sunwoda ranked seventh, eighth, ninth and tenth respectively, with shares of 4.3 percent, 2.2 percent, 1.8 percent and 1.4 percent respectively in the first quarter.
Global EV battery market share in Jan-Feb: CATL 33.9%, BYD 18.2%
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