Latest news with #BuildYourDreams
Independent Singapore
12-05-2025
- Automotive
- Independent Singapore
EV car owner ignites social media frenzy as he changes BYD logo
Photo: Depositphotos/MuhammadAlimaki HONG KONG: Lighting up Hong Kong's social media feeds, a homegrown motorist saw a BYD Seal electric sedan pulling on a mischievous alteration to its brand label. The original emblem, which denotes 'Build Your Dreams,' had been ingeniously—and perhaps 'humorously' — changed to read 'Burn Your Dick'. The joke, shared extensively on the internet, elicited giggles and huffs alike; however, in the viral comicality lies a narrative of firm automotive supremacy. BYD tops Tesla in revenue While Tesla remains an international household label, China's BYD (Build Your Dreams) is gently getting people's focus and interest with record-crushing financial data. The Shenzhen-based car manufacturer posted a remarkable 777 billion RMB ($107 billion) in sales for the fiscal year ending December 31, 2024, thrashing both estimates and Elon Musk's Tesla, which stated its revenue to be $97.7 billion. BYD's net proceeds also climbed to 40.3 billion RMB, a 34% leap year-on-year and a lot higher than what analysts had expected. These increases highlight BYD's tactical evolution in the world's prime EV market. Technology, scale, and market domination With high-tech advances such as ultra-fast charging—400 kilometres within just five minutes, and cutting-edge driver-assistance systems even in the budget models, BYD is introducing new standards in the electric vehicle (EV) segment. The business sold 1.76 million EVs last year, trailing closely behind Tesla's 1.79 million. But when hybrid models are counted in, BYD's overall distributions hit 4.27 million, placing it in league with worldwide titans like Ford. Investors have also noticed its soaring sales, sending BYD's Hong Kong-listed shares spiralling by 51% in 2025 alone. What began as a quirky roadside witticism reveals an establishment not only fuelling novelty and modernisation but also gliding self-assuredly past its American competitors.
Japan Times
31-03-2025
- Automotive
- Japan Times
In the EV race, China's BYD is leading the pack
China is setting the pace for the automobile industry. A country that only a short while ago relied on foreign technology and knowhow in this sector is now the global leader in electric vehicles. This success is part of a broader effort to become the global champion of green technology, a campaign that has enjoyed considerable success. Leading this remarkable development is Build Your Dreams, the Shenzhen-based carmaker better known as BYD. Last year, the company overtook Tesla to become the world's leading EV manufacturer. Its success reflects a new approach to thinking about automobiles, one that focuses not on the car itself but on the transportation experience. BYD is not the only carmaker with this mindset but that strategy along with its technological knowhow — and generous support from the Chinese government — has propelled it into first place. BYD's stellar year began with news that sales last year exceeded $100 billion as the company surpassed Tesla. Its combined sales of battery- and plug-in EVs topped 3.84 million units, 22.2% of global EV sales and a 33.6% increase over the previous year. When all hybrid units are included in sales figures, BYD's deliveries reached 4.27 million vehicles, nearly the same as Ford. It now controls about 15% of the entire passenger car market. Significantly for market analysts, the company outperformed expectations on both total and net revenue — and BYD executives insist that they can increase production for this year. BYD's strong performance reflects its dominance in China's domestic auto market, the world's largest and most competitive for electric vehicles. In February, the company announced that it would include its God's Eye advanced driver-assistance system on all its models for free. Its radar, lidar, sensors and processors will be connected to an artificial intelligence in the car and another in the cloud that permit automated driving. (The company is careful to claim that it's not a fully automated system, however.) Then earlier this month, BYD announced that it had developed a new technology that would charge its cars quickly in just 5 minutes, about the same time that it takes to fill the tank of an internal combustion vehicle, to travel 400 kilometers. Some 10 days later, the company announced that the first 500 new fast chargers — officially, 1 megawatt flash chargers — could be available for use next week, with a rollout of about 4,000 across the nation to follow. Wang Chuanfu, BYD founder and chairman, understands the need for auto manufacturers to be on the technology frontier and has pledged that his company will remain there. BYD will continue to boost research and development and hone the competitiveness of its products. Central to that effort are batteries. The company started as a battery maker and has been refining its battery and power storage technology ever since. Foreign competitors claim that BYD's success is the product of Chinese government support in the form of subsidies and barriers to the operation of foreign companies. Chinese makers insist instead that their success reflects hard work, cheap labor, control of the supply chain and ruthless competition for the domestic market. Foreign governments are demanding a level playing field and until they are satisfied, many are imposing tariffs on Chinese EVs. The administration of former U.S. President Joe Biden imposed 100% tariffs on Chinese EV imports and then argued that their connectivity makes them security risks, effectively banning them from the country. Donald Trump is no fan of renewable energy and his determination to stimulate domestic automobile production — even if by foreign companies — this week yielded 25% tariffs on all imported autos. Europe too is concerned. Chinese models constituted 8% of EV sales in the EU in 2023, up from less than 1% in 2019. The EU last year set tariffs of up to 35% on Chinese EVs. Yet even with the additional costs, Chinese automakers can make money and sales on the continent. BYD is present too in Japan, having released four models, all EVs, since it first entered the market in January 2023. The company sold 2,223 such vehicles in Japan in 2024, a 54% increase over the previous year. If those numbers look anemic, it's because Japan's electric vehicle market is one of the least developed in the world. The EV share of sales fell below 2% last year. Nevertheless, BYD is over halfway to its goal of 100 sales locations by the end of this year. The Chinese company has also signed agreements with local governments to use its EVs' Vehicle-to-Home, or V2H, technology to power facilities and critical infrastructure in the case of an emergency or natural disaster. Japan's reluctance to embrace EVs defies global trends. In China, EV sales are projected to reach 50% of total sales this year, a decade ahead of the target set in 2020. The International Energy Agency anticipates that global electric light-duty vehicle sales will reach 40% of the total in 2030 and almost 55% in 2035. If Japan continues to lag, its manufacturers won't be competitive in the global market, yet another example of the Galapagos syndrome. It's already happening: Japanese vehicles account for just 11.4% of passenger car sales in China, down from 50% just five years ago. In many ways, Japan is well suited for EVs. The population is concentrated, the country relatively small in size. Moreover, researchers have found that there is a positive correlation between high-speed rail use and EV adoption. The availability of the rail option for long-range travel reduces 'distance anxiety,' or the fear of running out of charge in an electric car. Japan's manufacturing expertise should make it a natural partner for companies looking to collaborate in this sector. Japanese automakers should be eager to reach out as Chinese manufacturers begin to eat into their market share in Southeast Asia. Business strategies are changing as the Trump administration's imposition of a 25% tariff on all auto imports transforms auto industry economics. One thing will remain consistent, however. There is far more at stake than bragging rights for the world's top automaker. The country that masters EV technologies will become the global leader of a suite of critical new technologies. Leadership in electric vehicles will require surmounting storage and charging limits and the integration of myriad sensors and radars within the unit and within the larger network that the vehicle operates. That nation will also be seen as leading the green transition. It is difficult if not impossible to grasp the significance of this accomplishment but as the scale of the climate challenge grows and the urgency of the problem intensifies, this country will assume an entirely new role and influence in the world. It looks like China may be that nation. The Japan Times Editorial Board
Globe and Mail
20-03-2025
- Automotive
- Globe and Mail
BYD's 5-Minute EV Charging: A New Era for Electric Cars or Just Hype?
BYD, the Chinese electric vehicle (EV) giant, shocked the automotive world with its latest battery technology. The company announced a breakthrough that allows its new batteries to charge in just 5 minutes, adding 400 kilometers (249 miles) of driving range. This could solve one of the biggest problems for EV owners—long charging times. The innovation has made waves in the industry, boosting BYD's stock and putting pressure on rivals like Tesla. How does this new development impact the market? Is it for real? Let's uncover the truth. Charging Ahead: The Rise of BYD BYD, which stands for 'Build Your Dreams,' is one of the world's largest EV manufacturers. The company produces both battery-electric and plug-in hybrid vehicles and has seen rapid growth in recent years. It has surpassed Tesla in global EV sales in 2024 and continues to expand its presence worldwide. The latest advancement in fast-charging technology has put BYD ahead of the competition. The company's new charging system allows EVs to be powered up in almost the same time it takes to fill a gasoline car. This breakthrough could encourage more people to switch from traditional cars to EVs. BYD's founder Wang Chuanfu remarked on this announcement, stating: 'To completely solve users' anxiety over charging, our pursuit is to make the charging time for EVs as short as the refuelling time for fuel vehicles.' How Does the New Battery Work? BYD's new battery can receive one megawatt (1,000 kilowatts) of power, significantly cutting charging times. This is possible because the battery has lower internal resistance, reducing heat buildup when charging at high power. The first BYD models to use this technology will be the Han L sedan and the Tang L SUV. For comparison, Tesla's superchargers can provide enough power in 15 minutes for about 172 miles (277 km) of driving. Other Chinese competitors, such as XPeng and Zeekr, offer 5C and 5.5C charging systems that add about 280–342 miles (450–550 km) of range in 10 minutes. BYD's new battery outperforms them all, making it the fastest-charging battery available. Market Impact: Tesla vs. BYD – Can Elon Musk Keep Up with China's EV Giant? This breakthrough has had an immediate impact on the stock market. After the announcement, BYD's Hong Kong-listed shares jumped by 4.1%, reaching a record high. Investors think BYD's new tech will boost its market position. It may also attract more customers who worry about charging their EVs. Meanwhile, Tesla's shares fell by nearly 5% following BYD's announcement. The news has led many to question whether Tesla, once the leader in EV technology, can keep up with BYD's rapid advancements. BYD and Tesla are in an intense battle for EV market dominance. While Tesla remains a global leader, BYD has surpassed it in key areas. In Q4 2024, BYD sold 1.52 million vehicles, tripling Tesla's sales. The company's low costs and vertical integration give it a big advantage. This lets it make EVs profitably for less than $25,000 each. Tesla, on the other hand, still struggles with maintaining profit margins, especially as it relies heavily on China for sales. The Chinese carmaker is also expanding rapidly into international markets, aggressively pushing into Europe and emerging markets. Its next-generation hybrid systems and ultra-fast charging technology further strengthen its competitive position. While Tesla still dominates in the U.S., BYD's lower production costs and new battery advancements could help it gain further market share globally. As both companies continue to innovate, the EV race is far from over. BYD's Charging Network Expansion To support its new ultra-fast charging technology, BYD plans to build more than 4,000 megawatt 'flash-charging stations' across China. These stations will allow drivers to take full advantage of the five-minute charging capability. The company hasn't announced when the rollout will be finished. Still, it's clear that BYD is putting a lot of money into infrastructure for its new battery technology. Challenges and Limitations Despite the excitement, there are some challenges to consider. Ultra-fast charging requires a lot of power, which could put pressure on electricity grids. Also, installing high-powered charging stations costs a lot. Many places still lack the needed infrastructure. Another potential issue is battery health. Charging a battery at such high speeds could reduce its lifespan over time. However, BYD has stated that its new battery is designed to handle frequent fast charging without significant degradation. This battery technology achievement is very significant to the increased adoption of EVs, considering that this clean tech transport is essential to achieving net zero and other climate goals. Beyond Speed – The Environmental Impact of EVs and Carbon Credits Electric vehicles play a crucial role in reducing greenhouse gas (GHG) emissions. In 2021, plug-in EVs, including all-electric and plug-in hybrid models, prevented approximately 5.5 million metric tons of carbon dioxide (CO₂) emissions in the United States. This reduction is equivalent to removing over 1.1 million gasoline-powered cars from the road for a year. Source: EPA The positive impact of EVs has grown annually. By 2023, the increased adoption of EVs contributed to an 11% decrease in CO₂ emissions from new vehicles, lowering the average to 319 grams per mile—a historic low. Carbon credits further support emissions reduction by allowing companies to offset their GHG emissions. Automakers can buy these credits to meet environmental rules. This helps boost investment in clean energy and sustainable practices. Honda and Suzuki joined Tesla's CO₂ emissions pool in 2025. They did this to meet the European Union's strict CO₂ reduction rules. This move shows how carbon credits help companies comply and work together in the industry. BYD also teamed up with other carmakers in the EU for carbon credit pooling. EVs cut CO₂ emissions and carbon credits help companies hit their environmental goals. This speeds up the shift to cleaner transport. With more reduction in charging times, BYD's breakthrough further helps slash the carbon pollution of the mobility sector. The Future of EV Charging The introduction of ultra-fast charging technology is a major milestone in the EV industry. It addresses one of the biggest concerns for consumers—charging time. If BYD can successfully implement this technology on a large scale, it could drive higher adoption of EVs worldwide. With countries pushing for stricter emissions regulations and phasing out gasoline cars, advancements like this could accelerate the transition to electric transportation. Other automakers will likely try to catch up, leading to further innovations in battery technology. As the EV competition heats up, all eyes are on Tesla and other automakers to see how they respond. One thing is clear—BYD is shaping the future of electric mobility.
Yahoo
20-03-2025
- Automotive
- Yahoo
BYD Unveils Battery System that Charges EVs in Five Minutes
Tesla's primary EV rival, BYD (Build Your Dreams), has announced that they've developed chargers that add up to 250 miles of range in five minutes. Tesla's Superchargers, currently the fastest EV chargers around, provide up to 200 miles of electric range in 15 minutes via a 250 kW charger. Tesla plans to release 500 kW chargers this year, but this technology would still fall short of BYD, the world's largest EV manufacturer. Wang Chuanfu, the Shenzhen-based group's founder, announced BYD's new charging solution Monday, named the Super e-Platform, during a livestream from the company's headquarters. 'This is the first time in the industry that the unit of megawatt has been achieved on charging power,' Wang said, according to The Guardian. BYD plans to build and install 4,000 Super e-Platform charging stations throughout China, and the company will feature the new charging architecture in its Han L sedan and Tang L SUV, both of which start at $37,300. These vehicles will be available starting next month. The automaker is currently focusing on Asian and European markets as regulatory and legal barriers currently exclude the possibility of Americans importing a BYD. BYD's Super e-Platform has a charging power of 1,000 kW (one megawatt) and can handle up to 1,000 amps, translating to charging rates of about 1.24 miles per second and 248.54 miles in five minutes. Shay Natarajan, partner at Mobility Impact Partners private equity fund, explained that BYD uses a more sophisticated battery cooling system than companies like Tesla before noting: 'This lets the battery reach peak charging power faster and sustain that peak power longer during the charging cycle, thus increasing the average charging power during the charging cycle and allowing for significantly faster charging,' according to the Financial Times. Range anxiety, or a driver's fear of running out of charge, and the time it takes to charge an EV are two primary factors slowing electric car transition rates. However, BYD's charging development moves EVs significantly closer to matching the fill-up times for internal combustion engine cars, essentially eliminating the second of the two factors. Some feel that BYD's new charging technology could shorten a battery's lifespan, but this claim hasn't been confirmed. Conversely, the Super e-Platform's release suggests that BYD has overcome several roadblocks in ultrafast charging, like safety risks, higher installation costs, and shorter battery lifespans. BYD shares rose as much as 6% Monday after news of the Super e-Platform's upcoming release, creating a market value for the company of just below $162 billion and contributing to its stock rise of around 58% overall this year. The next annual Tesla shareholders meeting in June is fast approaching, and BYD's Super e-Platform announcement has compounded the Austin, Texas-based EV maker's troubles, which include a 44% average overall stock decline as of yesterday. During last year's Tesla shareholder meeting, which largely centered around the reinstatement of Elon Musk's $55 billion-plus pay package, the automaker emphasized its focus on developing self-driving and robotic technology. As a result, BYD has been leaving Tesla behind in the race for better EV charging solutions.
Yahoo
07-02-2025
- Automotive
- Yahoo
The cheap Chinese cars about to flood the UK market – but are they worth it?
The Sealion, Seagull and Dolphin. No, this is not the title of an unpublished children's book. This selection of aquatic creatures is a range of car models poised to surge in sales this year. Manufactured by Build Your Dreams (BYD), the cars are part of the Chinese influx flooding the UK's electric vehicle market. Omoda, Aiways, Nio, Seres, Haval, XPeng and Zeekr are among the other lesser-known names planning to launch or increase their presence in the UK. As the rollout of new names continues, Auto Trader predicts Chinese-branded models could account for up to 25pc of Britain's electric fleet by 2030. ADVERTISEMENT But are they worth it? Telegraph Money delves into whether 2025 is the year to buy a Chinese electric vehicle (EV). Are Chinese electric cars cheap? Chinese EVs are notoriously cheap. Figures from Auto Trader show that new Chinese entrants have helped boost the number of sub-£30,000 EV options in UK showrooms – going from a lowly nine last year, to 29 at the turn of 2025. That's not to say, however, that price tags in Britain are as affordable as they can be. Many RRP prices are much lower in China – for example, the list price of BYD Dolphin can be as much as £10,000 less than it is listed for in the UK. Ginny Buckley, of – a site specialising in EV and hybrid vehicles, said: 'Chinese cars are almost always cheaper than European models, although there are some exceptions. 'For example, the Ora 03 was considered expensive and has had very slow sales. In response, £6,000 has now been knocked off its list price to bring it in line with the market.' Due to the zero-emission mandate, European manufacturers have been forced to offer heavy discounts, meaning 'their models are often just as affordable – if not cheaper – than the Chinese alternatives', said Ms Buckley. Will prices reduce in 2025? The UK remains the only Western country not imposing tariffs on Chinese-made cars, allowing list prices to remain highly competitive. But there's no guarantee it will stay that way. Story continues
