Tag: Denza
Brazil EV Sales Report: 153% Growth in May Brings Latin America’s Largest Market to 13.5% EV Market Share!
Latin America’s giant is waking up. For long a regional leader (ranking consistently in the fourth position in our region), Brazil has shown long periods of relative stagnation followed by sudden bursts of growth triggered by the entrance of new, more competitive models in the country. However, this trend (constant … [continued]
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Is BYD Making A Better “Ferrari” Than Ferrari?
The Denza Z was the big news this week from the 408th monthly MIIT regulatory filings. The sports car has a 500 kW motor on the front axle and two 340 kW motors on the rear axle for a total of 1180 kW (1582 horsepower). 0-100 km/h has previously been … [continued]
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BYD: World’s Largest Automaker In 5 Years
In the recent shareholder meeting, BYD Chairman Wang Chuanfu indicated that the company would become the largest automaker by volume in 5 years and would exceed 10 million units by the end of the decade. “Five years from now, BYD will be able to achieve true global leadership in terms … [continued]
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Chinese NEV Resale Value Surges 30%, Volume Up 29%
Chinese NEV (BEV and PHEV) resale values are up 30%, with Chinese media noting specific rises for BYD, Nio and Denza brands. Sales volume is also up 29% as more EVs become available on the used market. Used car dealers report scrambling to buy NEVs to resell. Meanwhile used gasoline … [continued]
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Chinese NEV Share Hits 63%. What’s Next?
EVs are reaching new levels of market penetration in China. Chinese retail NEV (BEV and PHEV) market share was estimated to be 63% for May, while Chinese wholesale (includes exports) reached 61%, according to CPCA, as reported in CnEVPost. We will have to wait for a more detailed breakdown. While … [continued]
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