Is Chinese Automaker BYD Flourishing Or Failing? Yes


Chinese industrial giant BYD has really taken the Henry Ford business model and run with it. Emulating the Model T formula from the early 20th century, this automaker offers a wide range of super-affordable vehicles, and BYD’s lowest-priced model, the all-electric Seagull hatchback, just hit an important production milestone.

1 Million Seagulls Have Taken Flight

As reported by CnEVPost.com, the 1 millionth Seagull has rolled off the assembly line, an undeniably impressive achievement. This is even more striking when you consider this car has only been on sale since April of 2023, meaning it took BYD scarcely more than two years to cross the 1-million mark.

A key to the Seagull’s showroom success is the low, low price. When the car launched, it was available for right around $10,300 in China, a remarkably affordable figure. In May, the automaker reportedly delivered a record 60,131 copies of the Seagull, enough to account for nearly 16 percent of BYD’s sales for the month.

Commemorating this auspicious sales occasion, crossing the 1-million-unit threshold, in Europe, the company just introduced a new model called the Dolphin Surf, a name that fits in nicely with the rest of BYD’s maritime-themed lineup, which includes other vehicles like the Dolphin, Sealion 7, and Seal. Read more...

 

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