China’s BYD Has No U.S. Expansion Plans Yet, Delays Head-On with Tesla

Chinese electric vehicle manufacturer BYD has no immediate plans to enter the US passenger car market, according to founder Wang Chuanfu. This decision dampens expectations of the company, which is backed by Warren Buffett, challenging Tesla on its home turf for the time being, reports Bloomberg. BYD reported Q4 profit of $1.06 billion (7.3 billion […]

Indonesia Nearing EV Deals with Tesla and BYD, Says Minister

Indonesia is nearing deals with both Tesla and BYD for electric vehicle (EV) production investments in the country, according to a statement from Indonesia’s coordinating minister in a report from Reuters. The news comes just a few days after a report said that Tesla was finalizing details for a Gigafactory in the country, and after […]

Tesla Has Delivered 55,621 Domestic Cars in China for November So Far

China’s new-energy vehicle (NEV) sales dropped in the last week of November, as was measured by insurance registrations. BYD with its hybrid electric vehicles doubled Tesla’s sales to top NEV leaderboards in China during the fourth week of November, with BYD overseeing 38,480 insurance registrations while Tesla had 16,121, according to a report from CnEVPost. […]

Sixt to Buy 100,000 EVs from BYD Through 2028

BYD is partnering with e-mobility company Sixt in a sale of several thousands of EVs, with deliveries set to begin taking place this year, as detailed in a press release from the ride-sharing platform this week. Following initial deliveries in Q4 2022 in Europe, Sixt also plans to purchase 100,000 EVs through 2028 and the […]

China’s BYD Jumps to No. 2 in Global EV Battery Market

The world’s electric vehicle (EV) market is growing rapidly as led by the Chinese auto market, and BYD is quickly moving upward as one of the world’s largest EV battery sellers, as shown in a new report. BYD surpassed LG Energy Solutions as the world’s second-largest EV battery seller in July, supplying a total of […]

BYD Coming to Denmark with First Copenhagen Store in Q4

Warren Buffet-backed automaker BYD is rapidly expanding into Europe, most recently heading to Denmark with a new store coming later this year. BYD is set to expand into Denmark this year, with plans to open its first store in Copenhagen by Q4, according to a report from Car News China. The Danish BYD website is […]

Tesla Model Y with BYD Battery Said to Have 440km Range: Report

Tesla has reportedly received approval already for new Model Y units including BYD’s blade batteries, just as the hardware has started being delivered to the automaker’s Brandenburg factory. According to leaked documents shared on Thursday by Tesla Mag, Tesla’s Giga Berlin already has approval from the European Union (EU) to sell Model Y units with […]

BYD Blade Batteries Start Delivering to Tesla’s Giga Berlin Factory: Report

With electric vehicles (EVs) continuing to increase in popularity, demand for EV batteries has skyrocketed as automakers like Tesla are maximizing battery supply deals to access as many EV batteries as possible. Fellow automaker BYD has started delivering its blade batteries to Tesla’s Gigafactory in Berlin, according to several sources familiar with the matter, as […]

China’s BYD to Supply Tesla with Batteries ‘Very Soon’, Says Exec

Battery supplier BYD in China says it will be supplying Tesla with batteries “very soon”, according to a senior executive speaking to state media on early Wednesday. “We are now good friends with Elon Musk because we are preparing to supply batteries to Tesla very soon,” said Lian Yubo, BYD executive vice president, reports Reuters. […]

Tesla Reportedly Closes BYD Deal for ‘Blade’ EV Batteries: Report

Tesla may have just signed a deal with BYD, a Chinese manufacturer of electric vehicles (EVs) and the batteries that power them, to supply the company’s Gigafactory in Shanghai with enough lithium iron phosphate (LFP) ‘Blade’ batteries to produce 204,000 cars per year — reports CnEVPost. That amounts to around 45% of Giga Shanghai’s 2021 […]

NIO Reportedly Seeking BYD Batteries for Sub-Brand: Report

Chinese electric vehicle (EV) maker NIO is on the verge of signing a deal with battery giant BYD to supply batteries for the former’s upcoming sub-brand, according to a Thursday report from local media publication 36kr (via CNEVPost). Just a couple months ago, NIO surpassed BYD as the most valuable car brand in China, and the […]

Toyota to Partner with BYD for Affordable China-Only EV, Report Says 

Veteran Japanese carmaker Toyota has reportedly partnered with Chinese electric vehicle (EV) manufacturer BYD, to use the latter’s battery technology in an upcoming all-electric sedan, slated to launch exclusively in China in late 2022 — reports Automotive News. Toyota turns to BYD for new China EV battery tech, report says — Automotive News […]

China’s BYD, Xpeng Motors See EV Sales Surge in October

As competition amongst electric vehicle (EV) companies continues to increase in the world’s largest auto market, Warren Buffett-backed BYD is seeing its sales grow. BYD sales tripled year over year in China in October, alongside the likes of Xpeng Motors which also saw its October sales triple year over year, according to Investors. Li Auto […]

China’s BYD Raises $1.77 Billion Through Share Sale in Hong Kong

BYD was outselling rivals in China early this year, and as competition in the region increases, the company is apparently looking to boost its cash flow. On Friday after market close, BYD entered into a placing agreement to offer 50 million shares of the company’s stocks in Hong Kong, according to CNEVPost. With the shares priced […]

Tesla Nears LFP Battery Deal with China’s BYD, Claims Report

Following Tesla’s announcement of its plans to shift standard variants of Model 3 and Y units to lithium iron phosphate (LFP) batteries globally, the company has apparently made a huge battery order from one Chinese company with a California factory. Tesla reportedly ordered 10 GWh of LFP electric vehicle (EV) batteries from BYD, according to […]