Latest news with #Sealion05
Yahoo
22-04-2025
- Automotive
- Yahoo
Tesla's biggest rival reveals game-changing model with unbelievable features: 'A great offering for the price'
Chinese car manufacturer BYD has taken the wraps off of its latest electric vehicle, and it continues to compete with Tesla in the country, according to Electrek. The Sealion 05 EV is an update on a plug-in hybrid model BYD launched in fall 2024. It's an all-electric crossover SUV available in three different trims. The base model uses a 50-kilowatt-hour battery, which offers 267 miles of range. The mid- and high-end models pack a 60.9-kilowatt-hour battery with a 323-mile range. DC fast-charging at 156 kilowatts can reportedly top it up from 30% to 80% in 18 minutes. It even includes a mini-fridge. The price tag? A scant $16,200. Of course, that doesn't mean much if BYD cars can't be sold in America, especially in the midst of an escalating trade war with China. Electric vehicles are a cornerstone of the green transition. Light-duty vehicles contribute a hefty amount to America's pollution. Reducing it means reducing extreme weather events caused by human-caused climate shifts. Even taking into account the environmental cost of manufacturing electric vehicles and grids running on dirty power, EVs still come out ahead over gas. There are loads of extra benefits, too. On a day-to-day basis, electric vehicles are cheaper to run, with owners saving cash on maintenance and fuel. Even if you can't get access to cheap cars from BYD, federal rebates are still available for other EVs for the time being. Switching away from gas is also better for your health. You can breathe easier while enjoying the quiet ride of an EV. Reception to the BYD Sealion 05 EV has been largely positive. "Is there any vehicle segment that BYD Group doesn't cover? Sealion 05 is a great offering for the price," said one commenter. "BYD always building the cars everyone else should be building. I can't think of a market where the stallion 05 wouldn't do well. BYD will certainly sell [a lot]. I can see that doing very well in Australia," said another. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
South China Morning Post
20-02-2025
- Automotive
- South China Morning Post
Double down or get out: the options for foreign carmakers in China amid shrinking share
Foreign carmakers are likely to see their market share in China shrink further this year as the brutal price war is expected to get worse, according to analysts. Advertisement Overseas companies' share of the mainland's electric vehicle (EV) market could drop to 32 to 33 per cent this year from about 35 per cent last year, Valentin Mory, an analyst at French investment bank Natixis, said during a webinar on Wednesday. 'The price war is only getting fiercer and is unlikely to falter in 2025,' said Mory. 'What we've seen in 2024 is only the beginning of something that is expected to be much bigger going forward – survival of the fittest.' With demand for big-ticket purchases faltering because of China's slowing economic growth, buyers are opting for cheaper and better EVs from domestic brands, said Gary Ng, a senior economist at Natixis. French investment bank Natixis expects foreign carmakers' fortunes to shrink in China. Photo: AFP The market share of domestic companies is expected to rise to 70 per cent this year from 65 per cent last year, he added. Advertisement Amid slowing sales, carmakers on the mainland resorted to aggressive discounts at the end of last year, continuing a two-year battle. The price war was triggered by BYD, the world's largest EV assembler, after it cut the price of its Sealion 05 hybrid SUV by 11.5 per cent. Tesla and others soon followed suit.
South China Morning Post
19-02-2025
- Automotive
- South China Morning Post
Why foreign carmakers have little room to manoeuvre in China
Foreign carmakers are likely to see their market share in China shrink further this year as the brutal price war is expected to get worse, according to analysts. Overseas companies' share of the mainland's electric vehicle (EV) market could drop to 32 to 33 per cent this year from about 35 per cent last year, Valentin Mory, an analyst at French investment bank Natixis, said during a webinar on Wednesday. 'The price war is only getting fiercer and is unlikely to falter in 2025,' said Mory. 'What we've seen in 2024 is only the beginning of something that is expected to be much bigger going forward – survival of the fittest.' With demand for big-ticket purchases faltering because of China's slowing economic growth, buyers are opting for cheaper and better EVs from domestic brands, said Gary Ng, a senior economist at Natixis. French investment bank Natixis expects foreign carmakers' fortunes to shrink in China. Photo: AFP The market share of domestic companies is expected to rise to 70 per cent this year from 65 per cent last year, he added. Amid slowing sales, carmakers on the mainland resorted to aggressive discounts at the end of last year, continuing a two-year battle. The price war was triggered by BYD, the world's largest EV assembler, after it cut the price of its Sealion 05 hybrid SUV by 11.5 per cent. Tesla and others soon followed suit.
