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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 ...
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.
In February 2022, BYD's Australian distributor, EVDirect, announced plans to sell the Dolphin in Australia. [29] The car was released in an announcement event at Sea World in Gold Coast, Queensland on June 22, 2023. [ 30 ]
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.
The BYD Atto 3 / Yuan Plus helped increase the sales of BYDs globally; it is one of the best selling electric cars in Australia. BYD experienced a substantial surge in vehicle sales from 2020 to 2023. The company sold 3,024,417 vehicles globally in 2023, a seven-fold increase compared to the 2020 figure of 427,302 vehicles.
BYD has already announced several new facilities outside of China. In Asia, the company is eyeing a $1.3 billion investment to set up an electric vehicle factory in Indonesia, and is also expected ...
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 model was introduced in Australia, New Zealand, the Philippines, and Thailand as the BYD Sealion 6 DM-i .
The BYD e6 is a battery ... Australia will be introducing the e6 taxi fleet in 2020. Since 2010 sales in China totaled 34,862 units through December 2016 ...