Latest news with #MariaGraziaDavino
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Business Standard
22-05-2025
- Automotive
- Business Standard
BYD supasses Tesla in Europe for the first time with 169% surge in sales
BYD Co. sold more electric vehicles in Europe than Tesla Inc. for the first time, overtaking the American brand that long led the continent's EV segment. China's top automaker registered 7,231 new battery-electric vehicles in April, according to market researcher Jato Dynamics. That was up 169% from a year earlier, vaulting BYD into the top 10 brands by EV sales. Tesla placed one spot back as its registrations plunged 49%. 'Although the difference between the two car brands' monthly sales totals may be small, the implications are enormous,' Jato Dynamics analyst Felipe Munoz said in an emailed statement. 'This is a watershed moment for Europe's car market, particularly when you consider that Tesla has led the European BEV market for years.' Tesla continued to slump despite accelerating growth in Europe's EV segment. Registrations rose 28% industrywide, with top EV brand Volkswagen selling 61% more electric cars in April than a year earlier. Volkswagen AG's Skoda more than tripled its EV registrations. BYD outsold Tesla by an even wider margin when including the carmaker's plug-in hybrid electric vehicles. The Chinese company's total sales soared 359% in April from a year earlier, Jato said. Until recently, BYD and its Chinese peers had prioritized selling fully electric cars in Europe, spurred by the region's ambitious targets to lower tailpipe emissions and transition the industry away from internal combustion engines. That approach changed when the European Union imposed higher tariffs on Chinese-made EVs last year, after determining that generous subsidies from Beijing had created an unfair advantage for its companies. BYD and other Chinese manufacturers are now selling significant numbers of plug-in hybrids in Europe for the first time. 'In the near future we'll have two pillars,' Maria Grazia Davino, BYD's regional chief, said last month at an industry event in Stuttgart, Germany. 'One is electric.' BYD is about to reinforce its EV lineup in Europe with the Dolphin Surf, a fully electric hatchback that will sell for less than €23,000 ($26,000). The manufacturer presented the model in Berlin on Wednesday, announcing that the standard version with a range of 220 kilometers (137 miles) will be priced at €19,990 in Germany until the end of June, and €22,990 after that. The Dolphin Surf — a modified and slightly longer version of its Seagull hatchback — offers premium features including a rotating touchscreen, keyless entry and advanced cruise control. The car will compete with the likes of Renault SA's R5 and Stellantis NV's Citroën's ë-C3.
Time of India
21-05-2025
- Automotive
- Time of India
BYD launches low-cost 'Dolphin Surf' electric car in Europe
China's BYD introduced its low-cost electric ' Dolphin Surf ' car, its tenth model on offer in Europe, in Berlin on Wednesday, as sales across the region pick up speed after a strategic revamp. The car will sell at three price points, from 22,990 euros ($26,100.55) for a 322-kilometre range, to 24,990 euros for a 507-kilometre range. Until the end of June, the three versions will be available at a discounted price of 19,990-24,990 euros, sales chief Patrick Schulz announced on Wednesday. The car piles pressure on Europe's carmakers to offer more affordable electric alternatives, with cost still a major barrier to wider adoption of electric cars . While only a handful of models, such as the Dacia Spring or Leapmotor's T03, exist in Europe for under 20,000 euros, 11 new models priced under 25,000 euros will go on sale on the continent this year including Volkswagen's ID.2, the Renault R5, the Fiat Grand Panda, and the Hyundai Inster. "The compact segment is the next frontier for electrification in Europe," Maria Grazia Davino, regional managing director for markets including Germany, said in Berlin. "We think this market has huge potential."
Time of India
21-05-2025
- Automotive
- Time of India
BYD launches low-cost 'Dolphin Surf' electric car in Europe
China's BYD introduced its low-cost electric 'Dolphin Surf' car, its tenth model on offer in Europe, in Berlin on Wednesday, as sales across the region pick up speed after a strategic revamp. The car will sell at three price points, from 22,990 euros ($26,100.55) for a 322-kilometre range, to 24,990 euros for a 507-kilometre range. Until the end of June, the three versions will be available at a discounted price of 19,990-24,990 euros, sales chief Patrick Schulz announced on Wednesday. The car piles pressure on Europe's carmakers to offer more affordable electric alternatives, with cost still a major barrier to wider adoption of electric cars. While only a handful of models, such as the Dacia Spring or Leapmotor's T03, exist in Europe for under 20,000 euros, 11 new models priced under 25,000 euros will go on sale on the continent this year including Volkswagen's ID.2, the Renault R5, the Fiat Grand Panda, and the Hyundai Inster. Live Events "The compact segment is the next frontier for electrification in Europe," Maria Grazia Davino, regional managing director for markets including Germany, said in Berlin. "We think this market has huge potential."
Business Recorder
21-05-2025
- Automotive
- Business Recorder
BYD launches low-cost ‘Dolphin Surf' electric car in Europe
BERLIN: China's BYD introduced its low-cost electric 'Dolphin Surf' car, its tenth model on offer in Europe, in Berlin on Wednesday, as sales across the region pick up speed after a strategic revamp. The car will sell at three price points, from 22,990 euros ($26,100.55) for a 322-kilometre range, to 24,990 euros for a 507-kilometre range. Until the end of June, the three versions will be available at a discounted price of 19,990-24,990 euros, sales chief Patrick Schulz announced on Wednesday. The car piles pressure on Europe's carmakers to offer more affordable electric alternatives, with cost still a major barrier to wider adoption of electric cars. While only a handful of models, such as the Dacia Spring or Leapmotor's T03, exist in Europe for under 20,000 euros, 11 new models priced under 25,000 euros will go on sale on the continent this year including Volkswagen's ID.2, the Renault R5, the Fiat Grand Panda, and the Hyundai Inster. 'The compact segment is the next frontier for electrification in Europe,' Maria Grazia Davino, regionalmanaging director for markets including Germany, said in Berlin. 'We think this market has huge potential.'
TimesLIVE
21-05-2025
- Automotive
- TimesLIVE
BYD launches low-cost ‘Dolphin Surf' EV in Europe
China's BYD introduced its low-cost electric "Dolphin Surf" car, its 10th model on offer in Europe, in Berlin, Germany on Wednesday as sales across the region pick up speed after a strategic revamp. The car will sell at three price points, from €22,990 (R46, 129) for a 322km range to €24,990 (R506,508) for a 507km range. Until the end of June, the three versions will be available at a discounted price of €19,990 to €24,990 (R405,196 to R506,546), sales chief Patrick Schulz announced on Wednesday. The car piles pressure on Europe's carmakers to offer more affordable electric alternatives, with cost a major barrier to wider adoption of electric cars. While only a handful of models, such as the Dacia Spring or Leapmotor's T03, exist in Europe for under €20,000 (R405,399), 11 new models priced under €25,000 (R506,749) will go on sale on the continent this year, including Volkswagen's ID.2, the Renault R5, the Fiat Grand Panda and the Hyundai Inster. "The compact segment is the next frontier for electrification in Europe," Maria Grazia Davino, regional managing director for markets including Germany, said in Berlin. "We think this market has huge potential."
