BYD expects to establish a European center in Hungary, CEO and President Wang Chuanfu said at a news conference with Hungarian Prime Minister Viktor Orban in Budapest.
BYD expects to establish a European center in Hungary, CEO and President Wang Chuanfu said at a news conference with Hungarian Prime Minister Viktor Orban in Budapest.
BYD surpasses Tesla in BEV registrations in Europe for 1st time
"This is a watershed moment for Europe's car market, particularly when you consider that Tesla has led the European BEV market for years, while BYD only officially began operations beyond Norway and the Netherlands in late 2022," Munoz said.
BYD's growth rate in Europe is even higher if plug-in hybrid electric vehicle (PHEV) models are counted.
BYD, with its extensive and competitive lineup of pure electric vehicles and plug-in hybrids, saw sales increase 359 percent over the same period, Jato said.
BYD's rapid expansion has allowed it to overtake established European auto brands, the report noted.
Notably, BYD has overtaken Tesla in the global BEV market last quarter.
In global , BYD was No. 1 with a 15.4 percent share, while Tesla was No. 2 with 12.6 percent, TrendForce, another market research firm, said in a report yesterday.
I must admit, the seagull pricing in germany is a bit uncompetetive, most of the budget buyers in germany re quite cash strapped due to 3 years recession in a row and 20k is not a competitive pricing.
I don't understand why BYD insists to make a Europe-specific Seagull/Dolphin Surf, which may be one of the major reasons why it's much more expensive than the Chinese version. They should have invested more in the Chinese version of Seagull, making sure that it will meet world-wide safety regulations, like the Nio Firefly, which has 9 airbags to begin with. In my opinion, BYD is making the same mistake as BYD Dolphin, which has different versions for the western and Chinese markets. The western versions of Dolphin Surf and Dolphin have slightly longer front overhangs and are supposed to perform better in safety tests. BYD thinks they are cleaver. But the Dolphin has been selling below expectations in China consistently as far as I know.I must admit, the seagull pricing in germany is a bit uncompetetive, most of the budget buyers in germany re quite cash strapped due to 3 years recession in a row and 20k is not a competitive pricing.
Byd is severely overestimating the purchasing power of the germany lower middle class (everyone above middle class wouldn't buy a seagull style car most likely).
I know the EU is enforcing a minimum price policy for chinese EVs, but for 20k the could have used more premium features into the european seagull.
Time will tell how the hungarian factory will play into it
Interesting that the US still hasn't banned her AI chips from China's autoindustry. Given that they have been complain about China's autoindustry "subsidies and unfair market competition ". I think its probably just a matter of time.Notable upgrades compared to SU7:
800V high-voltage platform on all three variants (800V only on SU7 max)
Lidar sensors and Nvidia Drive AGX Thor (700 TOPS) standard on all three variants
2200 MPa ultra-high-strength steel (SU7 2000MPa)