BYD is in motion. The company recently made the announcement that it will shortly start selling three kinds of electric vehicles in Japan, as well as in Germany and Sweden. CnEVPost reports that BYD has partnered with the European dealer network Hedin Mobility to offer electric vehicles to clients in those nations.
In a number of Swedish cities, Hedin Mobility will open showrooms. BYD will partner with Hedin Mobility in Germany to choose regional dealers to service various local areas. In the fourth quarter of this year, the first BYD vehicles are anticipated to be delivered to clients in Europe. The BYD Han electric car, which is outfitted with the brand’s exclusive blade batteries, will be the first to leave the factory.
The Level 2.5 SAE autonomous driving standard is met by the company says the Han, which speeds to 100 km/h in 3.9 seconds and includes a variety of driver aid functions. According to the NEDC standard, the range is 605 km (376 miles). The normal EPA range is around one-third smaller.
With sales of more than 640,000 units in the first half of the year, BYD claims to be the largest manufacturer of new energy cars (including plug-in hybrids). According to data given by the company on July 3, it sold a record 134,036 NEVs in June, making it the fourth month in a row with more than 100,000 units sold. The sales for July should be made public the following week.
One of the biggest dealership groups in Europe, Hedin Mobility operates more than 230 dealership locations in eight different European nations and regions, including Sweden and Germany.
BYD visits Paris. As part of its plan to promote its newest passenger cars and technologies to the European automotive public, BYD said announced today it will take part in the Paris auto show in October. One of the most significant auto shows in the world is held every two years, but the Covid epidemic prevented that from happening four years ago. The festival this year will run from October 17 to October 23.
BYD will order up to 8 LNG dual-fuel car carrier ships with a capacity of 7,700 automobiles apiece in expectation of robust sales in Europe. According to Xinde Marine News which quoted a research by Lloyds List, they are anticipated to start shipping cars to Europe and other countries in 2025.
A few weeks ago, Warren Buffett sold his entire 25% stake in BYD, , the Sage of Omaha, indicated that he believed the company’s stock price had little room for further growth. The corporation appears to have a different perspective, though, as seen by its most recent aspirations to penetrate the European market.
Toyota and Mercedes once had sizeable stakes in Tesla that, if held, would have generated considerable returns. Some folks will be very happy campers in a few years if BYD follows Tesla’s lead and does what it did after its early investors sold their shares.
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