BYD profit in EU is 10x higher than in China and even with new 30% tariffs, still makes 5,000 USD per vehicle, report says

Will the EU tariffs have any effect?

Last year China became the world’s largest car exporter by volume but putting a dampener on the party has been the EC’s probe into Chinese EV subsidies which was launched last September. Finally yesterday (June 12) the European Commission (EC) concluded that battery electric vehicles (BEVs) and their supply chains in China benefit from unfair […]

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2025 VW ID.4 gets ChatGPT—why, we’re not sure

2025 Volkswagen ID.4AI makes its way into Volkswagen's maiden electric car VW says it'll be used as a voice assistant VW also says your data won't be at risk from in-car use Volkswagen confirmed Thursday that it’s carrying over its refreshed lineup of VW ID.4 EV models to the new model year essentially unchanged—and with most of the lineup now offering...

Will plug-in hybrids be plugged in, or will they add oil demand?

2025 Ram 1500 RamchargerThe global fleet of internal-combustion vehicles will peak in 2025, but plug-in hybrids may determine whether this leads to decreased oil demand, according to new analysis from Bloomberg New Energy Finance (BNEF). Sales of internal-combustion vehicles already peaked in 2017, and BNEF expects them to be 29% below that peak in 2027. While BNEF still...

Nio’s Onvo L60 revealed 455 hp motors, to be powered by BYD battery

The key specs of the Onvo L60 electric SUV were revealed in China by the regulator as Nio applied for a sales license. The new EV will start deliveries in September. L60 dimensions are 4828/1930/1616mm (length/width/height), and the wheelbase is 2950 mm. Based on the powertrain option, the curb weight is 1,885 kg – 1,970 […]

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BYD profit in EU is 10x higher than in China and even with new 30% tariffs, still makes 5,000 USD per vehicle, report says

BYD makes a profit of 15,400 USD on BYD Seal U in Europe, compared to 1,400 USD in China. This means BYD makes 14,000 USD more profit, referred as EU premium, on every Seal U model sold in the EU, according to a report by Rhodium Group. On June 12, the European Commission (EC) investigation […]

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