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SYDNEY (Reuters) -BYD and other Chinese automakers are bringing new electric car models in droves to Australia, a market where they haven't faced trade barriers and sales have surged due to EV ...
The brand's first model, the U8 plug-in hybrid full-size SUV, was introduced on January 5, 2023, before its market launch in the Chinese market on April 18, 2023. [5] [6] During the presentation, BYD founder and CEO Wang Chuanfu personally drove a U8 onto the stage, while another U8 equipped with Mecanum wheels demonstrated the IWD technology by driving sideways and performing a tank-like ...
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. [14] Since 2009, BYD's automotive business has contributed over 50% of its revenue.
The U8 was first presented on 5 January 2023. [4] Sales of the SUV began on 18 April in China. [5] [6] Pricing was announced in 20 September 2023.At 1,098,000 RMB, the U8 Premium Edition was most expensive Chinese mass-produced electric car at the time of its introduction, [7] until it was surpassed by the U9 supercar in February 2024 at 1,680,000 RMB. [8]
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 ...
A German dealership is launching a BYD-only showroom in Berlin, as Tesla killer tries to make its presence in Europe known. Ryan Hogg. February 1, 2024 at 6:37 AM. Leonhard Simon/Getty Images.
BYD opened a manufacturing plant for electric buses in Lancaster, California, US in May 2013. [280] [281] Another plant was inaugurated in Campinas, Brazil in 2015 for the production of electric buses. [282] BYD also opened a bus plant in 2019 in Newmarket, Ontario, Canada. [283] [284] BYD has a European electric bus assembly facility in ...