BYD Beats Tesla in Europe
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This New BYD EV Costs Half as Much as a Tesla—Starts Under $14,000Chinese automaker BYD has officially launched its mid-size electric sedan, the e7, kicking off full-scale sales. The e7, which boasts dimensions similar to the Tesla Model 3, starts at a competitive price of 103,
BYD will offer the Seal 06 in both battery electric (EV) and plug-in hybrid (PHEV) powertrain options. The electric version will be available in three trims. A base model will draw power from a 65.28 kWh battery and 170 kW electric motor, providing up to 520 km (323 miles) CLTC range.
In essence, BYD Dolphin Surf EV is a slightly redesigned, slightly larger and better-equipped version of the affordable Seagull EV.
BYD's EV sales are projected to reach 5.5 million units in 2025, with three million featuring smart driving capabilities, driven by a CNY100 billion (US$13.8 billion) investment in R&D and its highly vertically integrated component supply chain.
Chinese electric vehicle maker BYD's low-cost Dolphin Surf became its 10th model available in Europe on Wednesday, with the Berlin launch increasing pressure on European rivals to produce more affordable alternatives.
The best-selling EV in Europe last month was the Skoda Elroq, followed by the Volkswagen ID.3, Volkswagen ID.7, Volkswagen ID.4, and Kia EV3. Meanwhile, the Tesla Model Y dropped to ninth place, while the Tesla Model 3 is in 24th place.