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"BYD's Dominance in the EV Market Sparks Price War and Earnings Miss"

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Source: Electrek
"BYD's Dominance in the EV Market Sparks Price War and Earnings Miss"
Photo: Electrek
TL;DR

BYD, a global leader in electric vehicles (EVs), is ramping up its efforts to dominate the market with plans to more than double its overseas sales this year and reach one million in 2025. The company is set to launch next-gen hybrid technology offering over 1,200 miles of range and aims to undercut gas-powered car sales with its new platform. BYD's CEO believes that EVs and plug-in hybrid electric vehicles (PHEVs) have entered the "knockout round" and is implementing an "overseas + localization" strategy to expand its brand globally.

Topics:businesselectric-vehicles#byd#electric-vehicles#evs#gas-powered-cars#next-gen-tech#overseas-sales
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  1. BYD says EVs have entered the 'knockout round' with next-gen tech rolling out  Electrek
  2. BYD overtook Tesla as the world's biggest seller of EVs but an earnings miss amidst a growing price war sent shares plunging the most in a year  Fortune
  3. BYD's profit soared 80% in the year the Chinese EV giant overtook Tesla  Yahoo Finance
  4. BYD's Rise Challenges Tesla—and Its Valuation  The Wall Street Journal
  5. Chinese EV maker BYD targets 20% jump in annual sales - sources  Reuters

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