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Category: Electric
BYD sells 2 Dolphins every 5 minutes in Brazil. New bestseller?
BYD Dolphin sold 300 units in Brazil in a day. It is almost equal to the BYD sales number in Brazil in May this year.
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BYD launches Dolphin in Brazil, enters South African EV market with Atto 3
The Dolphin is BYD'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)
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Report: Ford and GM EV strategies solid, but Tesla will stay top seller
Tesla may be on a downward trajectory in its share of the U.S. EV market. But even by the time the 2027 model year rolls around, the U.S. maker of exclusively EVs will stay on top, according to the annual Car Wars study released last week from Bank of America. The strategies of Ford and GM “both appear relatively solid,” despite being... LiDAR maker RoboSense files for HK listing
In 2022, RoboSense had 953 customers, including Geely, GAC Aion, Great Wall Motor, Xpeng, 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 BYD 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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Electrify America adding Tesla connectors; no confirmation on 800V charging
Electrify America on Thursday announced that it will add Tesla connectors to its charging network in the U.S. and Canada. The company said in a press release that it will continue to provide Combined Charging Standard (CCS) connectors, while also adding the Tesla connector, branded by Tesla as the North American Charging Standard (NACS) as an... 