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A BYD dealership in Perth, Western Australia. BYD entered the Australian market in 2022 through a partnership with EVDirect, a local distributor that is a subsidiary of ASX-listed company MotorCycle Holdings. Both companies signed an agreement in February 2021. [140]
After entering the market in 2022, BYD now has 14% of Australia’s EV market, reports Reuters. Tesla leads at 53%, but it’s had a big head start, having launched sales Down Under in 2014.
BYD was founded by Wang Chuanfu in February 1995 as a battery manufacturing company. BYD's largest subsidiary, BYD Auto, was founded in 2003 and has grown to become the world's largest manufacturer of plug-in electric vehicles. [13] Since 2009, BYD's automotive business has contributed over 50% of its revenue.
He gained A$6,000 ($3,900) off the A$54,000 retail price of his extended range BYD Atto 3 SUV through state government rebates and then BYD offered a discount of roughly A$2,000. "I figured why ...
The BYD brand distinguishes their passenger car line-up under three "series", namely the Dynasty series (started by the BYD Qin in 2012), a line of higher-end vehicles with "dragon-inspired" designs aimed at the traditional mass markets; [2] [3] the Ocean series (started by the BYD Dolphin in 2021), a line of "ocean-themed" vehicles based on new aesthetic designs by Wolfgang Egger and the ...
BYD has terrified carmakers with its ultra-low prices, ... The study suggested China posed the greatest risk to Europe’s automotive sector and could cost them €7 billion ...
In 2023, BYD introduced the Song Plus EV as the BYD Seal U in Europe. The plug-in hybrid Seal U DM-i was introduced later in 2024. The plug-in hybrid Seal U DM-i was introduced later in 2024. In mid-2024, the plug-in hybrid model was introduced in Australia , New Zealand , the Philippines and Thailand as the BYD Sealion 6 DM-i .
The vehicle was introduced in a prototype form at 2023 Auto Shanghai as the BYD Destroyer 07, and was renamed to the Seal DM-i when it went on sale to integrate it with the Seal series of sedans. Sold through Ocean Network dealerships, the Seal DM-i is positioned in the BYD's range as an alternative to the similar BYD Han , which belongs to ...