The car company that surpassed Tesla announced the price of electric cars in Europe, strongly competing with VinFast

BYD has announced the prices of its three electric vehicles, the Atto 3, Han and Tang in Europe, with deliveries starting this year in Norway, Sweden, Denmark, the Netherlands, Belgium, Luxembourg and Germany.

Later this year, customers in France and the UK will also receive BYD zero-emissions vehicles. In the shortest time, dealers in all major European markets will display these 3 electric models.

The BYD Atto 3 starts at €38,000, while the BYD Han and Tang start at €72,000. This published price applies only to the German market and prices may vary from country to country.

Photo: bydeurope

All three electric models will be introduced at the Paris Motor show in October 2022, and detailed specifications of the models will be announced by BYD at that time.

Competing in the European market, VinFast said it will deliver for pre-orders by the end of this year. In particular, the VF8 midsize SUV will start at 46,050 euros and the VF9 large SUV is 62,750 euros, excluding battery rental costs of 120 euros a month for the VF8 and 150 euros a month for the VF9. The cost of buying the VF8 plus the battery is 62,200 euros, for the VF9 it is 82,950 euros, according to the company’s website.

Photo: Technode Global

Founded in February 1995 as a battery manufacturer, BYD is now present in more than 30 industrial parks around the world. BYD is an important player in electronics, automotive, new energy and rail transit.

According to Forbes, the Chinese electric vehicle maker’s net profit, invested by billionaire Warren Buffett, jumped 206% year-on-year to 3.6 billion yuan, or about $530 million. The company’s revenue also increased 65.7% from the first half of 2021 to 150.6 billion yuan.

In the first half of this year, the Chinese electric-car maker became the world’s top-selling electric car maker, surpassing billionaire Elon Musk’s Tesla giant. BYD sold 641,350 electric vehicles in the first six months of 2022, while Tesla sold 564,740 vehicles.

BYD’s competitiveness in the electric vehicle market comes in part from its in-house supply of core components, including selected batteries and semiconductors, as well as the company’s early focus on electric vehicles. .

On September 8, the Chinese electric car maker signed a land purchase agreement with WHA Corp, Thailand’s largest industrial real estate company, to build the first electric vehicle factory in Southeast Asia. .

Once the plant comes into operation, annual production capacity will reach about 150,000 vehicles, both companies revealed. The WHA notes that by 2030, electric vehicles are expected to account for 30% of Thailand’s total car production – or 700,000 vehicles per year.

Over the last year, BYD has made several announcements about selling electric passenger cars to countries such as Brazil, Australia, Singapore and Norway.

Unlike some high-priced Tesla models, BYD models come in a variety of price points. BYD said it stopped making diesel vehicles in March and is instead focusing on battery-powered and hybrid vehicles. From April 2021, all BYD pure electric vehicles will use the company’s self-developed “Blade” battery, which was first installed on the company’s popular Han sedan.