It appears that even market leader BYD is not immune to the slowdown in battery EVs (BEVs), with April 2024’s global sales of BYD’s BEV models reversing 3.9%, to 134,465 units. It’s BYD’s first month of decline for BEV models in a very long time. Note that this is a wholesales figure (vehicle is transferred to dealer), not actual vehicle registration by customers. Still, the slowdown in BEV demand is not a big problem for BYD. Unlike Tesla, BYD doesn’t believe in a BEV-only product line-up, prec

Hans

May 6, 2024

Perodua is set to increase its exports by 79% in 2024, with Brunei marking its initial expansion into foreign markets this year. From 1, 094 units in 2023, the company aims to export 1,960 units in 2024, reflecting its ambition to diversify its global presence. On 3-May 2024, Perodua introduced the Alza along with the Axia to Brunei, targeting sales of 120 and 40 units respectively. Additionally, the Bezza 1.0L G will be exported to Brunei with a sales goal of 300 units, bringing the total expec

Sanjay

May 6, 2024

BYD ended April 2024 by recording its best-ever monthly sales for exports, at 41,011 units, up 176.6% year-on-year. The figure excludes BYD buses, but includes BYD’s passenger sub-brands Denza and Formula Bao. To date, BYD has exported over 430,000 vehicles, including commercial vehicles. From January to April 2024, BYD sold 936,446 units of ‘new energy vehicle’ passenger cars globally, up 23.6% from the same four-month period last year. April 2024’s figures amounted to 313,245 units, up 3.5% fr

Hans

May 6, 2024

Following WTC Automotif (M) Sdn. Bhd.'s (WTCA) announcement in April that it has started production of the GAC GS3 Emzoom at its wholly owned Segambut plant, a separate announcement by GAC said the company has set a modest sales target of 2,000 units for 2024. The Segambut plant is the first to produce GAC models outside of China. Since the RM 60 million plant is 100 percent owned by WTCA, it’s technically a contract manufacturer for GAC. GAC says the plant has an annual capacity of 34,400 units

Hans

May 6, 2024

Tesla has unveiled a new variant of the Model Y in the US: the Long Range (LR) Rear-wheel drive (RWD). However, the company has discontinued the Standard Range (SR) RWD Model Y, substituting it with the Long Range version at a USD 2,000 increase in price. The brand updated its website to introduce the new Long Range RWD Model Y, starting at USD 44,990, featuring a larger battery. In contrast to the 260-mile (418 km) range of the SR RWD, the LR RWD has an extended range of 320 miles (515 km). Elo

Shaun

May 6, 2024