Latest news with #BYD-branded
Arab News
03-05-2025
- Automotive
- Arab News
China's BYD partners with local firms to launch largest EV charging network in Pakistan
KARACHI: China's BYD, the world's largest New Energy Vehicle (NEV) manufacturer and Pakistan's Mega Motor Company (MMC) have partnered with Hub Power Company (HUBCO) to launch the country's largest NEV charging network, the company said on Friday. NEVs refer to alternative-fuel vehicles that rely on electric, hybrid, hydrogen or other non-traditional power sources instead of conventional gasoline or diesel engines BYD, a global leader in battery-electric and plug-in hybrid vehicles, has expanded aggressively in Asia, Europe and Latin America. Mega Motor, a subsidiary of Pakistan's HUBCO, is spearheading the local manufacturing, distribution and sales of BYD-branded vehicles. 'This nation-wide rollout of infrastructure marks one of the most significant developments in the country's shift toward electric mobility by addressing a critical gap in Pakistan's EV ecosystem and establishing the most extensive NEV charging network,' BYD said in a statement. 'As part of this strategic and groundbreaking roadmap, HGL will install approximately 128 DC fast chargers across the country over the next three years, with 50 installations planned by December 2025.' It added that the charging points would be placed every 150-200 kilometers of highways and motorways along with malls, hotels and hospitals. 'Range anxiety remains one of the most significant barriers to NEV adoption across Pakistan,' BYD Pakistan Vice President Sales and Strategy Danish Khaliq said. 'Through this groundbreaking partnership with HUBCO Green, we are not just addressing a logistical issue but shaping the entire mobility landscape of the country.' BYD and MMC partnered last year to introduce electric vehicles (EVs) in Pakistan, aiming to accelerate the country's transition toward sustainable mobility. The government approved the National Electric Vehicles Policy in 2019, setting a target of 30 percent EVs by 2030. In March, Pakistan inaugurated the country's fastest EV charging station in Islamabad. Earlier this year, Pakistan announced a 45 percent reduction in power tariffs for electric vehicle charging stations. The government is also planning financing schemes for e-bikes and the conversion of two and three-wheeled petrol vehicles. According to a report submitted by the power ministry, there are currently more than 30 million two- and three-wheeled vehicles in Pakistan, which consume more than $5 billion worth of petroleum annually. In January, China's ADM Group revealed plans to invest $250 million in setting up an electric vehicle manufacturing plant in Pakistan.
Washington Post
04-03-2025
- Automotive
- Washington Post
Australia, with no auto industry to protect, is awash with Chinese EVs
SYDNEY — Shoppers streamed through a Sydney strip mall on a recent morning, past dueling mattress outlets, and into the neon glow of a BYD megastore. As a robot brought them BYD-branded water bottles, the potential customers examined rows of gleaming electric vehicles. Vanessa Farrer had already paid for one of the Chinese vehicles — a Sealion 6 plug-in hybrid SUV that cost about $31,000 — and was waiting for it to be delivered a week later.
Yahoo
11-02-2025
- Automotive
- Yahoo
China's BYD cuts entry price for smart EVs to below $10,000
BEIJING/SHANGHAI (Reuters) -China's BYD on Monday started offering advanced autonomous driving features on most of its models including ones priced as low as $9,555, far undercutting competitors such as Tesla in a move analysts say is set to start a new price war. The electric vehicle giant has equipped all of its BYD-branded models priced above 100,000 yuan ($13,688) with the company's proprietary "God's Eye" advanced driver-assistance system, BYD founder Wang Chuanfu told an event livestreamed from Shenzhen. It has also installed the system in three models priced below 100,000 yuan, the cheapest being the Seagull priced from 69,800 yuan. It began sales of those models, 21 in total, immediately after the event. Wang said these would be the "first batch". See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. BYD had previously only offered such features, which enable cars to navigate highway traffic autonomously under human drivers' supervision, in models priced from $30,000. Tesla has these features available in China in its EVs priced from $32,000. While some Chinese EV brands such as Xpeng's MONA and Stellantis' partner Leapmotor have also rolled out affordable EVs with smart driving features, the cheapest then was SAIC-General Motors-Wuling's $15,000 Baojun Yunhai. "The biggest revelation from BYD is that they want to equalize the right to technology. Technology does not need to be high-end and they can fight a price war here," said Yale Zhang, managing director at Automotive Foresight. "It's a little like DeepSeek," he said, referring to the Chinese artificial intelligence startup which shook global markets last month by revealing that it had built its AI models at a fraction of the cost of Western tech giants. John Zeng, head of market forecast for China at London-based consultancy GlobalData, said the move towards smart driving was probably a recognition by BYD that its sales, which hit 4 million units last year, had plateaued and that it needed a breakthrough. He said smart driving "is set to bring its sales to a new level". "Other automakers including Xpeng will be under tremendous pressure from BYD's ADAS-powered affordable EVs, but it would be difficult for them to follow suit with similarly affordable ones," he added. AI DRIVER Anticipation over how BYD's smart driving plans could shake up the already highly competitive automotive market has built up since last week, sending the firm's shares up by 16% since Thursday when Chinese media reported on plans for the event. The company has already in the past two years been a large driver of a vicious price war in China, the world's largest auto market, by relentlessly discounting its cars including ones in its best-selling Dynasty and Ocean series of models. Wang during his presentation predicted that smart driving features would become an indispensable feature of cars akin to seatbelts and airbags, and that he saw BYD's move as aiding the AI shift in China. The company has also integrated DeepSeek's AI models into its Xuanji smart car architecture. "As more and more people use smart driving, it will form a 'flywheel effect' on Chinese smart driving technology as the speed of data accumulation and iteration accelerates," he said. "I believe smart driving will become a new calling card for Chinese cars." ($1 = 7.3060 Chinese yuan renminbi)
Yahoo
10-02-2025
- Automotive
- Yahoo
China's BYD cuts entry price for smart EVs to below $10,000
Reuters Mon, Feb 10, 2025, 4:14 AM 3 min read BEIJING/SHANGHAI (Reuters) -China's BYD on Monday started offering advanced autonomous driving features on most of its models including ones priced as low as $9,555, far undercutting competitors such as Tesla in a move analysts say is set to start a new price war. The electric vehicle giant has equipped all of its BYD-branded models priced above 100,000 yuan ($13,688) with the company's proprietary "God's Eye" advanced driver-assistance system, BYD founder Wang Chuanfu told an event livestreamed from Shenzhen. It has also installed the system in three models priced below 100,000 yuan, the cheapest being the Seagull priced from 69,800 yuan. It began sales of those models, 21 in total, immediately after the event. Wang said these would be the "first batch". BYD had previously only offered such features, which enable cars to navigate highway traffic autonomously under human drivers' supervision, in models priced from $30,000. Tesla has these features available in China in its EVs priced from $32,000. While some Chinese EV brands such as Xpeng's MONA and Stellantis' partner Leapmotor have also rolled out affordable EVs with smart driving features, the cheapest then was SAIC-General Motors-Wuling's $15,000 Baojun Yunhai. "The biggest revelation from BYD is that they want to equalize the right to technology. Technology does not need to be high-end and they can fight a price war here," said Yale Zhang, managing director at Automotive Foresight. "It's a little like DeepSeek," he said, referring to the Chinese artificial intelligence startup which shook global markets last month by revealing that it had built its AI models at a fraction of the cost of Western tech giants. John Zeng, head of market forecast for China at London-based consultancy GlobalData, said the move towards smart driving was probably a recognition by BYD that its sales, which hit 4 million units last year, had plateaued and that it needed a breakthrough. He said smart driving "is set to bring its sales to a new level". "Other automakers including Xpeng will be under tremendous pressure from BYD's ADAS-powered affordable EVs, but it would be difficult for them to follow suit with similarly affordable ones," he added. AI DRIVER Anticipation over how BYD's smart driving plans could shake up the already highly competitive automotive market has built up since last week, sending the firm's shares up by 16% since Thursday when Chinese media reported on plans for the event. Story Continues View Comments Terms and Privacy Policy Privacy Dashboard
