Tag: BYD

‘Headed For Obsolescence’: Chinese Automakers Could Be Poised to Wipe Out American Car Titans

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BYD Chinese electric vehicle

American automakers will need to make major changes to their businesses if they want to remain competitive with Chinese electric vehicles (EVs) poised to flood the global market, according to analysis published by auto industry consultants.

U.S. manufacturers currently do tens of billions of dollars of business abroad, but Chinese competitors are poised to take over approximately one-third of the global market share by 2030 with particularly strong growth in Europe, South America and Asia driven by EVs and plug-in hybrids, AlixPartners projects in its report.

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China’s Electric Vehicle Giant Claims to Have New Hybrid That Runs American Automakers Off the Road

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BYD Car

China’s largest electric vehicle (EV) manufacturer, BYD, announced Tuesday that two of its new hybrid models have ranges that far exceed those of American competitors, The Wall Street Journal reported.

BYD’s chairman Wang Chuanfu claimed at an event in Xian, China, that the company was launching two new hybrid models that could go 2,100 kilometers, or 1,306 miles, on a single tank of gas and a full charge, according to the WSJ. The range is almost double the range of global hybrid competitors, which is around 1,100 km, or 683 miles, at the upper limit, and far exceeds the 700-mile range achieved by America’s longest-driving hybrid in 2023, the Lexus ES 300h.

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