BYD starts selling cars in Germany & Sweden, orders new ships
BYD is underway. Shortly after announcing that it will start selling 3 models of electric cars in Japan, the company announced that it will soon start selling cars in Germany and Sweden as well. According to CnEVPostBYD has formed a partnership with European dealer group Hedin Mobility to provide electric cars to customers in these countries.
Hedin Mobility will open showrooms in several Swedish cities. In Germany, BYD will partner with Hedin Mobility to select local dealers to cover several local regions. The first BYD cars are expected to be delivered to customers in Europe during the fourth quarter of this year. The first out of the chute will be the electric sedan BYD Han, equipped with the company’s proprietary blade batteries.
The says the company It accelerates to 100 km/h in 3.9 seconds and offers a package of driver assistance features that qualify it for level 2.5 of the SAE standard for autonomous driving. Range is listed at 605 km (376 miles) using the NEDC standard. The EPA range is usually about a third less.
BYD says it is the world’s largest producer of new energy vehicles (which includes plug-in hybrids), with sales of more than 640,000 units in the first half of the year. It sold a record 134,036 NEVs in June, the fourth straight month of more than 100,000 units, according to figures released by the company on July 3. July sales are expected to be revealed next week.
Hedin Mobility is one of the largest dealer groups in Europe, with more than 230 dealer stores and operations in eight European countries and regions, including Sweden and Germany.
BYD goes to Paris
BYD too announced today it will attend the Paris Motor Show in October as part of its strategy to introduce its latest passenger cars and technologies to the European motoring public. The biennial Paris Motor Show is one of the world’s most important auto shows, but the event was last held four years ago due to the Covid pandemic. This year’s event will be held October 17-23.
Pending strong sales in Europe, BYD will order up to 8 LNG dual-fuel car carriers capable of transporting 7,700 vehicles each. They are expected to start delivering cars to Europe and other markets in 2025, according to Xinde Marine Newswhich cited a Lloyd’s List report.
Just a few weeks ago, Warren Buffett sold its entire 25% stake in BYD, indicating that the sage from Omaha feels there is some upside left in the company’s stock price. But the latest plans to enter the European market seem to indicate that the company sees things differently.
Toyota and Mercedes once had significant investments in Tesla that would have led to handsome profits if they had kept them. If BYD does what Tesla did after its early investors sold their shares, some people will be very happy campers in a few years.
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