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Tag: BYD

  • BYD Recalls Over 115,000 Vehicles Amid Safety Concerns: Tang And Yuan Pro Models Affected

    BYD Recalls Over 115,000 Vehicles Amid Safety Concerns: Tang And Yuan Pro Models Affected

    Chinese vehicle manufacturer BYD has announced its largest vehicle recall to date, affecting over 115,000 vehicles from the Tang series and Yuan Pro models produced between 2015 and 2022. The recall has been triggered by concerns regarding design defects and battery-related safety risks.

    Recall Details

    BYD has presented a plan to the State Administration for Market Regulation to recall 44,535 Tang series vehicles. These vehicles, produced between March 2015 and July 2017, have been identified as having potential component design flaws that may lead to abnormal functionality, according to the market regulator’s statement released on Friday.

    The recall also includes 71,248 Yuan Pro electric vehicles, produced between February 2021 and August 2022. These vehicles are being recalled due to issues related to the manufacturing process, specifically concerning the installation of the batteries.

    Previous Recalls

    This recall follows earlier instances where BYD had to recall vehicles due to safety concerns. In January, the company recalled 6,843 Fangchengbao Bao 5 plug-in hybrid off-road SUVs due to potential fire risks. Prior to this, nearly 97,000 vehicles from the Dolphin and Yuan Plus EV series were recalled due to a manufacturing fault in the steering control unit that posed a fire risk. This recall took place in September 2024.

    Questions & Answers

    What is the reason for BYD’s recall of its Tang series and Yuan Pro vehicles?
    The recall is due to identified design defects and battery-related safety risks in these vehicles.

    How many vehicles are affected by this recall?
    The recall affects over 115,000 vehicles, including 44,535 from the Tang series and 71,248 Yuan Pro electric vehicles.

    Has BYD had to recall vehicles in the past?
    Yes, BYD has had to recall vehicles in the past due to safety concerns. In January, the company recalled 6,843 Fangchengbao Bao 5 vehicles due to fire risks, while in September 2024, nearly 97,000 Dolphin and Yuan Plus EVs were recalled due to a manufacturing fault in the steering control unit that also posed a fire risk.

  • BYD Dominates Singapore’s New Car Market with Thriving Registration Numbers

    BYD Dominates Singapore’s New Car Market with Thriving Registration Numbers

    Singapore has witnessed a significant shift in its automotive landscape, with BYD solidifying its position as the city-state’s top car brand. Recent data from the Land Transport Authority, reveals an impressive 5.6 percentage point increase in BYD’s market share.

    In a competitive market featuring a total of 23,957 new car registrations, BYD stood out with 4,667 vehicles registered—a remarkable year-on-year surge of over 80%. In a world where change is the only constant, who would’ve guessed that the underdog would rise to the top so swiftly?

    Toyota, a longstanding titan in Singapore’s automotive sector, claimed second place with 3,461 new registrations, reflecting a 9.4% annual growth and capturing a 14.4% share of the new passenger car market, which is a slight increase of 0.5 percentage points. German luxury brands BMW and Mercedes-Benz followed closely, landing in third and fourth places with 2,664 and 2,537 vehicles registered, respectively. Rounding out the top five, Honda made notable strides with 2,268 registrations, marking a substantial 50.5% increase from last year.

    BYD’s dominance is no fleeting moment—since early this year, the company has shown strong traction, outselling Toyota with 3,002 vehicles to Toyota’s 2,050 in the first four months. This marks a significant transformation, as Toyota had held the crown with 7,876 units sold in 2024 compared to BYD’s 6,191.

    James Ng, the managing director at BYD Singapore and the Philippines, expressed confidence in the brand’s appeal during the recent launch of the Sealion 6 DM-i plug-in hybrid. He highlighted June as the brand’s stellar month, boasting 840 vehicles sold, according to AsiaOne.

    The Sealion 6 DM-i is now available for enthusiasts at a launch price of S$212,888 (US$165,500), which includes a guaranteed certificate of entitlement, a necessity in Singapore’s unique car-buying ecosystem.

    Questions & Answers

    What makes BYD’s rise in Singapore particularly striking?
    BYD’s extraordinary growth, with an over 80% increase in registrations compared to last year, contrasts sharply with the more modest gains seen from traditional market leaders like Toyota, making it a fascinating case study in the evolving automotive sector.

    How did Toyota perform in the latest new car registrations?
    Toyota maintained its status as a significant player, with 3,461 new vehicles registered, representing a 9.4% increase year-on-year, though falling behind BYD for the first time in recent history.

    What is notable about the Sealion 6 DM-i plug-in hybrid?
    The Sealion 6 DM-i is attracting attention not just for its hybrid efficiency, but also for its launch price of S$212,888, which includes a guaranteed certificate of entitlement—an essential aspect of owning a car in Singapore.

  • Thailand’s Car Sales Surge Back to Life After Nearly Two-Year Decline

    Thailand’s Car Sales Surge Back to Life After Nearly Two-Year Decline

    Domestic car sales in Thailand experienced a glimmer of hope in April, marking a 1% year-on-year increase—the first boost in nearly two years, as reported by the Federation of Thai Industries (FTI). This slight recovery comes as a welcome surprise amid a string of declines in both vehicle production and exports.

    Ongoing Challenges in Vehicle Production

    Despite the uptick in sales, production figures told a different story. In April, car manufacturing dipped by 0.4% from the previous year, totaling 104,250 units. This marks the 21st consecutive month of declining production, following a relatively steep 6.1% drop in March. Meanwhile, the export of vehicles fell by 6.3% compared to the same period last year, although this decline represents a gentler decrease than the 14.9% seen in the prior month.

    Thailand’s Role in the Automotive Landscape

    As Southeast Asia’s premier auto manufacturing hub, Thailand plays a crucial role as an export base for some of the globe’s leading car manufacturers, including heavyweights like Toyota, Honda, and China’s BYD. While car sales may be on the rise, the industry continues to grapple with production challenges—proving that the road to recovery is still a winding one. Who knew car sales could be just as turbulent as a roller coaster ride!

    Questions & Answers

    What factors contributed to the rise in car sales in Thailand?
    The increase in car sales is attributed to growing consumer demand, providing a much-needed boost after an extended period of decline.

    How has production been affected recently?
    Car production fell by 0.4% in April compared to the same time last year, marking the 21st straight month of decreased output.

    What is Thailand’s position in the automotive sector?
    Thailand remains Southeast Asia’s largest automotive production center and serves as an export base for major car manufacturers like Toyota, Honda, and BYD.

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  • BYD Surpasses Toyota as Singapore’s Best-Selling Car Brand for the First Time

    BYD Surpasses Toyota as Singapore’s Best-Selling Car Brand for the First Time

    In an electrifying twist in the automotive landscape, BYD has officially claimed the title of Singapore’s top-selling car brand for the first time this year, outpacing Japanese giant Toyota. With its sights firmly set on global expansion, the Chinese electric vehicle manufacturer has demonstrated remarkable sales prowess, demonstrating the power of innovation in a competitive market.

    BYD Surges Ahead

    During the first four months of 2025, BYD reported sales of 3,002 vehicles, capturing a remarkable 20% of the total car sales in Singapore, according to government data. In contrast, Toyota managed to sell 2,050 units, while Tesla lagged behind with 535 vehicles sold in the same timeframe. This impressive performance marks a significant shift in a market traditionally dominated by Toyota, which recorded sales of 7,876 cars in 2024 compared to BYD’s total of 6,191.

    The Strategy Behind Success

    BYD’s surge in sales highlights its strategic direction toward international markets, particularly amidst fierce price wars in China. Recent reports reveal that the leading automaker from China aims to sell half of its vehicles outside its home market by 2030—a bold target that positions it as a serious contender against established global players.

    Entering the Singapore consumer car market in 2022, BYD has gained traction at a swift pace, eclipsing Tesla’s growth. In 2023, BYD’s sales nearly doubled to 1,416 units, while Tesla saw a modest increase of just 7%, reaching 941 units.

    The Price of Ownership

    Owning a car in Singapore is no small feat, given the city-state’s reputation for high vehicle ownership costs. For instance, the popular compact BYD Atto 3 SUV is priced at a minimum of S$165,888 (approximately US$127,500), while other models like the Toyota Corolla Altis come in at around S$170,888. Despite these premium prices, BYD’s growing presence reflects a shifting consumer preference toward more sustainable vehicle options.

    As BYD expands its footprint in Southeast Asia, with Thailand currently its largest overseas market, plans are in place for further expansion into Europe and Latin America, redefining the boundaries of the automotive industry.

    Will BYD maintain its momentum in Singapore? Will prey meet its rival head-on in the price wars? And can we expect to see a BYD-branded amusement park with all the thrills of eco-friendliness?

    Questions & Answers

    **What led to BYD overtaking Toyota in Singapore?**
    BYD’s strategic focus on international expansion and significant sales growth in electric vehicles have positioned it ahead of Toyota for the first time this year.

    How does the pricing of cars in Singapore compare between BYD and its competitors?
    The compact BYD Atto 3 SUV starts at S$165,888, while the Toyota Corolla Altis is priced around S$170,888, highlighting the competitive pricing in a notoriously expensive car market.

    What are BYD’s future expansion plans?
    BYD is looking to grow its footprint beyond Singapore, targeting markets in Europe and Latin America, aiming to have half of its sales occur outside China by 2030.

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  • BYD’s luxury EV brand Denza launches in Singapore

    BYD’s luxury EV brand Denza launches in Singapore

    Chinese auto giant BYD’s premium electric vehicle brand Denza has made its official debut in Singapore with two variants, both costing over US$200,000.

    According to Singapore-based car selling platform Motorist, the brand launched its first model in the city-state, the D9 large multi-purpose vehicle, on Thursday.

    It comes in two variants: the D9 Elite, which has a price tag of S$296,888 (US$227,500), and the D9 Grandeur priced at S$341,888 (US$262,000). Both prices include Certificate of Entitlement, a permit required to own and use a vehicle in Singapore.

    Some 300 orders have been placed for the D9, according to a BYD representative cited.

    Another Denza model, the Z9 GT sedan, is planned to debut in the city-state by mid-2025.

    BYD will directly distribute Denza vehicles and has named two existing partners, Vantage Automotive and Harmony Auto, as its dealers.

    The Singapore launch came as the brand is looking to expand to large markets in the Asia-Pacific region.

    Liu Xueliang, BYD’s Asia-Pacific sales general manager, said at the Thursday launch event that Denza will launch in Thailand later this year and in Australia, New Zealand, Indonesia and Malaysia in 2025.

    Apart from Denza, Singapore recently saw the launch of Zeekr, another luxury EV brand, in August and is expected to welcome EV maker Neta by the end of 2024. Both brands are from China.

    While more Chinese automakers are seeking to enter Singapore, BYD has been dominating the country’s car market, The Straits Times reported.

    In the first half of 2024, it registered 2,587 new vehicles, accounting for 13.9% of the market, and is the best-selling brand when considering only authorised dealer registrations.

  • BYD recalls 97,000 EVs over fire risk error

    BYD recalls 97,000 EVs over fire risk error

    China’s largest electric vehicle manufacturer BYD is recalling 97,000 units due to a technical error that poses fire risks.

    The Chinese automaker is recalling Dolphin and Yuan Plus EVs produced in China between November 2022 and December 2023 for containing a faulty steering control unit, according to a statement from the State Administration for Market Regulation as reported by Reuters.

    BYD dealers will address the issue at no cost to customers.

    According to the China Association of Automobile Manufacturers, the recalled models were its best-selling in 2023 and accounted for a quarter of the 3 million cars it sold.

    BYD, backed by American investor Warren Buffett, has been rapidly expanding overseas since last year, with distribution outlets set up in Southeast Asia, the Middle East and Africa.

  • Chinese EV giant BYD to begin Vietnam sales in May

    Chinese EV giant BYD to begin Vietnam sales in May

    The world’s biggest electric vehicle maker, China’s BYD, will set up shop in Hanoi in May.

    It would sell its first cars in the sedan and SUV segments, sources familiar with the matter said.

    Its SUV BYD Atto 3 is among the most sought-after cars globally. It has large demand in Sweden and is the best-selling EV in Thailand.

    It has a 60.48-kilowatt-hour battery that allows travel of up to 480 kilometers.

    Its prices start from US$30,750 in Thailand.

    In Vietnam, BYD cars will be imported as complete units from China.

    The company is building a $504-million plant in Thailand, its biggest market outside China, and expects to start production there this year.

    In future BYD cars can be imported to Vietnam from Thailand to enjoy the zero import tax applicable to Southeast Asian countries.

    BYD, established in 2003, sold 1.62 million electric cars last year, second globally behind Tesla with 1.8 million units, though in the last quarter it outpaced past the U.S. company 526,000 to 484,000.

    Ninety percent of its sales were in China.

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  • Apple’s Talks With Chinese Battery Makers CATL And BYD

    Apple’s Talks With Chinese Battery Makers CATL And BYD

    Apple Inc’s talks with China’s CATL and BYD over battery supplies for its planned electric vehicle have been mostly stalled after they refused to set up teams and build U.S. plants that would solely cater to the tech giant, three people with knowledge of the discussions said.

    The firms informed Apple sometime in the past two months that they were not able to meet its requirements, the people said. But the U.S. company has not given up hope of resuming talks with either CATL or BYD, according to one source.

    Chinese battery makers are more advanced than rivals in the development of lithium iron phosphate (LFP) batteries which are cheaper to produce and sources have previously said Apple favors this battery technology.

    CATL, the world’s No.1 maker of batteries for EVs, has been reluctant to build a U.S. factory due to political tensions between Washington and Beijing as well as cost concerns, said one of the people with direct knowledge of the talks.

    The Chinese firm has also found it impossible to set up a separate product development team exclusively working with Apple due to difficulties in finding sufficient personnel, the person added.

    BYD, which has an iron-phosphate battery plant in Lancaster, California, declined to build a new factory and team that would solely focus on supplying Apple, said two of the sources.

    The stalled discussions have meant that Apple has been considering Japanese battery makers and it sent a group of people to Japan this month, they added.

    Panasonic Corp is one of the companies that Apple is considering, said one of the people.

    The sources declined to be identified as the talks were confidential. Apple, BYD and Panasonic declined to comment.

    CATL said in a statement to Reuters that it denied “the relevant information”.

    “We are evaluating the opportunity and possibility of manufacture localization in North America,” the statement said, adding that it has a dedicated professional team exclusively for each customer.

    Sources said last year Apple was aiming to launch an electric car by 2024. Apple has not publicly disclosed its plans. The stall in discussions comes at a time when U.S. President Joe Biden is seeking to make the United States a powerhouse in electric cars, setting a goal of having half of all new vehicles sold in 2030 electric.

    Any delays in securing battery supplies could further impede EV development for Apple which last month lost the head of its car project, Doug Field, after he decided to return to Ford Motor Co.

    Tesla Inc, which has been making some of its Model 3 and Model Y cars in China with LFP batteries from CATL, said this week it intended to use that battery chemistry outside China as well.

    CATL and BYD use a type of battery pack technology to improve the performance of LFP batteries. Without that, LFP batteries usually offer much shorter driving ranges and lower energy density than the more expensive lithium batteries that use cobalt and nickel.

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  • BYD Rolls Out 1 Millionth Electric Passenger Car In China

    BYD Rolls Out 1 Millionth Electric Passenger Car In China

    Chinese automaker BYD is celebrating the rollout of its one-millionth electric passenger car, becoming the first automaker globally to do so. The one-millionth car is the Han EV that rolled off the production line at BYD’s headquarters and manufacturing facility in Shenzhen, in China. The occasion marked the presence of officials from the Chinese government, industry heads, media guests, and about 100 BYD vehicle owners. With no Covid cases reported, China is able to host public events.

    Speaking about the rollout, Wang Chuanfu, Chairman and President of BYD Co., Ltd. said, “BYD shoulders the responsibility and mission of upward development for China’s new energy vehicle brands. From zero to one million vehicles, this is BYD’s response to the call for global auto industry transformation. It also sets a benchmark in the journey of the new energy vehicle industry in China starting from nothing, alongside the greater national journey for a country dominated by traditional automobiles to one that is a leader in the field of sustainability.”

    He added, “The journey to one million vehicles would not be possible without the support of car owners every step of the way, and BYD recognizes that the ‘green dream’ can only be achieved hand-in-hand with all our customers.”

    Beginning operations in China in 2003, BYD’s new energy vehicle (NEV) journey commenced in 2004 with the ET electric concept car at the Beijing Auto Show. This was followed up with the F3DM – the world’s first mass-produced plug-in hybrid NEV model unveiled in 2008. The BYD Han was launched in 2020 and the automaker says it’s a top-selling model in China, competing with the German luxury sedans.

    Rolf Petter Almklov, Commercial Counsellor, Royal Norwegian Embassy in Beijing, and Wang Chuanfu, Chairman & President – BYD at the rollout ceremony

    BYD says the one million EV production milestone coincides with the first batch of 100 fully-electric BYD Tang SUVs being readied for Norway. The Scandinavian country will be at the center of the automaker’s ambitious plans for the European market, it says. A total of 1500 Tang SUVs will be delivered to Norway before the end of the year as part of BYD’s European and global strategy. The first batch will be delivered to customers in Norway in the third quarter of the year.

    The BYD Tang SUV promises a range of 505 km (NEDC) and can sprint from 0-100 kmph in 4.6 seconds. The battery capacity stands at 86.4 kWh. BYD will be bringing only electric cars to the European market and the company already retails its electric bus product range in Europe.

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  • China’s BYD plans to sell passenger cars in U.S. in 2-3 years

    China’s BYD plans to sell passenger cars in U.S. in 2-3 years

    BYD plans to sell electric passenger cars in the United States in about two to three years, an executive said on Thursday, as it races to be the first Chinese automaker to sell cars to American drivers.

    BYD, backed by Warren Buffett’s Berkshire Hathaway, specializes in electric and plug-in petrol-electric hybrid vehicles. At present, its U.S. presence is limited to producing buses and selling fleet vehicles such as taxis.

    Li Yunfei, BYD’s deputy general manager for branding and public relations, said its passenger car plan was not fixed as entering the U.S. was a complicated process.

    “It could be adjusted,” Li said at an event in Beijing. “Now we can only say roughly 2 to 3 years.”

    China’s government has used a raft of policies, including billions of dollars in subsidies, to spur a boom in electric and plug-in hybrid sales since 2015. The U.S., meanwhile, has lagged.

    BYD has had false starts in the U.S., with Chairman Wang Chuanfu previously saying the automaker would begin selling in the U.S. in 2010. Other Chinese peers have also encountered delays in entering the market.

    GAC Motor, a subsidiary of Guangzhou Automobile Group, displayed three models at the Detroit Auto Show earlier this month, stating it would enter the U.S. by 2019 instead of a previous goal of 2017.

    A GAC Motor spokeswoman declined to elaborate on the delay.

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  • Chinese automaker BYD forecasts up to 84 percent profit rise for 2016

    Chinese automaker BYD forecasts up to 84 percent profit rise for 2016

    Chinese automaker BYD Co Ltd, backed by Warren Buffett’s Berkshire Hathaway, on Sunday said 2016 full-year profit was likely to rise as much as 84.17 percent, as rapid growth of the green car market eases.

    The Shenzhen-based manufacturer, which has invested heavily in making electric and hybrid petrol-electric vehicles, forecast a 77.09 percent to 84.17 percent increase in net profit for the year, at 5.0 billion yuan ($737.90 million) to 5.2 billion yuan.

    For the first nine months of 2016, BYD reported 3.66 billion yuan in profit, an 86.82 percent increase year-on-year. That compared with the automaker’s forecast in August of 83 percent to 91 percent for the period.

    BYD reported triple-digit profit growth for the previous four quarters. But its earnings expansion in the first nine months of 2016 slipped below 100 percent as the overall market for green-energy vehicles moderates after government support helped it quadruple last year.

    Overall sales of electric and plug-in hybrids in China totaled 289,000 vehicles in January-September, according to China’s automakers association, far from its target of 700,000 vehicles for 2016. An association official said Friday that sales were now likely to miss that target.

    Analysts said China may struggle to meet that target following the revelation that dozens of companies had been cheating the subsidy system.

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