BYD

BYD has appointed Shlomo Motors as its national dealer in Israel, with the first two showrooms set to open in September.

LG Energy Solution ranked second with a 14.4 percent share and BYD ranked third with an 11.8 percent share, according to SNE Research.

In October, a number of pioneering stores in Sweden and Germany will be opened, with the first vehicles expected to be delivered in the fourth quarter.

BYD will purchase up to eight LNG dual-fuel PCTCs capable of transporting 7,700 vehicles each, which are expected to be delivered from 2025 onwards, according to the latest media reports.

This is an expansion of BYD's April 29 recall plan, when the company announced a recall of 9,663 Tang DM vehicles.

BYD Seal is expected to be the most important model in BYD's history, with steady-state monthly sales expected to exceed 30,000 units, analysts previously said.

BYD is building an SUV called BYD Sealion, which could compete with Tesla's Model Y and is expected to be launched in the third quarter of this year, according to local media.

BYD's new energy passenger car offerings are expected to go on sale and be delivered in Europe in the fourth quarter, the company said, without revealing exactly which models.

The BYD Seal went on pre-sale in China on May 20 with a starting price of RMB 212,800 ($31,860) and received 22,637 orders in seven hours.

The latest Covid outbreak has not had a noticeable impact on BYD, and the company is following the requirements of the local government to strengthen controls, BYD said.