Some erosion of BYD’s competitive position was inevitable in a market where over 100 makes compete for EV buyers’ attention and barriers to entry for new brands are low.
September was a breakout month worldwide with global battery capacity deployed hitting a new all-time high at 109.5 GWh after year-on-year growth of 27%.
Ford has come out fighting calling its new EV strategy a “Model T moment” but Dearborn has a long road ahead to catch up to the competition.
The make-up of Chinese imports to the continent has shifted dramatically, but likely not in the way European automakers had hoped.
Calling electric cars cellphones on wheels – often disparagingly – has become something of a cliche in the industry.
But there is more than a little truth to it.
VW ups combined battery capacity of the Skoda, Cupra, Audi, Porsche and stablemate BEVs sold in rest of the world by 91%.
Indonesia and Vietnam grew their electric vehicle parcs at a rate of 369% and 139% and strong growth returned to the UK and Germany.
A multi-year expansion of average battery capacity – most noticeable for plug-in hybrids – is levelling off.
CATL recently unveiled three new EV battery technologies designed to keep the Chinese giant’s 30% market share on a GWh basis from shrinking.
Toyota holds onto its title as the world’s top-selling automaker, but as of now the gap between its electric car ambitions and reality remains a chasm.
