BYD will take control of its own distribution and spare parts in the German market as part of its attempts to gain sales.
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BYD will take control of its own distribution and spare parts in the German market as part of its attempts to gain sales.
The post BYD buys out German distributor to take direct control of the German market appeared first on CarNewsChina.com.
Hedin Electric's parent company will transfer its distribution activities of BYD vehicles and spare parts in the German market to BYD in a deal expected to close in the fourth quarter of 2024.
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BYD launched the 2025 Song L EV with a starting price of RMB 189,800 ($26,700), the same as its predecessor but with the DiPilot 100 driver assistance system.
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Xia is a new model sequence from BYD, and the Xia MPV will be priced in the RMB 300,000 yuan ($42,340) class.
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The Seal 06 GT will be the first GT model for young people and the industry's first rear-wheel-drive, all-electric performance hatchback, said BYD.
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BYD’s new Seal 06GT, revealed at the Chengdu Auto Show, features advanced technology and sporty design. Priced between 150,000 and 200,000 yuan (21,150 to 28,200 USD), it will be available in China from September, with international sales expected in early 2025.
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The first batch of new 2025 model year BYD Han sedans arrived at dealers for display indicating the car is ready for the sales start
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BYD's net income in the second quarter was up 98.36 percent from the first quarter, while gross margin was 18.69 percent, down 3.19 percentage points from the first quarter.
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Nio's retail sales in August are estimated at around 20,000 units, flat year-on-year and flat sequentially, Deutsche Bank said.
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The first Fang Cheng Bao model to feature Huawei's Qiankun ADS 3.0 is the Bao 8 off-road SUV, which will go on sale after the third quarter.
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