BYD’s Electric Vehicle Revolution: How They’re Taking Over the Global Market

BYD's Electric Vehicle Revolution: How They’re Taking Over the Global Market

In a significant development in the electric vehicle market, BYD announced record sales in August 2024, selling over 373,000 vehicles, marking a remarkable achievement in the industry. This surge is attributed to BYD’s unique approach, where the company maintains a vertically integrated model, producing its own batteries and chips. Unlike competitors such as Tesla, which … Read more

China’s Electric Vehicle Boom: Record-Breaking Sales Surge in September 2024 – What’s Driving the Revolution

China’s Electric Vehicle Boom: Record-Breaking Sales Surge in September 2024 – What’s Driving the Revolution

Beijing, China, September 2024 – China’s new energy vehicle (NEV) market is witnessing substantial growth, reflecting increasing demand and favorable market conditions. According to data released today by the China Passenger Car Association (CPCA), retail sales of NEVs in the first eight days of September reached 214,000 units, marking a 56% year-on-year increase and an … Read more