China’s leading EV maker, BYD, is teasing a new electric SUV as part of its Ocean series. The BYD Sea Lion 07’s design was led by ex-Audi and Lamborghini chief designer Wolfgang Egger.
BYD continues its dominant expansion. After selling a record 151,193 all-electric vehicles in September, BYD came within a few thousand models of surpassing EV leader Tesla.
While Tesla delivered 435,059 vehicles in the third quarter on its way to 1.8 million this year, BYD is inching closer. The Chinese EV leader delivered 431,603 electric cars in Q3, within 3,500 of taking the crown from Tesla.
Starting as a battery maker, BYD has an advantage over many of the competition. With most components made in-house, BYD can design, assemble, and mass-produce vehicles much quicker and at less of a cost.
For example, every part of the Dolphin electric hatch is built by BYD, except the tires and windows. As such, BYD can offer its vehicles often at significantly lower prices.
BYD’s electric models, like the Dolphin hatchback and Yuan Plus (Atto 3), are priced between $17,000 and $30,000 in many markets, making them one of the most affordable options.
The attractive prices have led to explosive growth in overseas markets, including Thailand, Brazil, and Columbia. BYD is also expanding in key markets, including Japan, Mexico, Australia, Hungary, and more.
New BYD electric SUV coming November 17
BYD is previewing its new electric SUV, the Sea Lion 07, ahead of its official reveal at the Guanghzhou international auto show on November 17.
You can see the new EVs sleek front face and fastback. Designed for maximum efficiency, the shadowy electric SUV is almost reminescent of Lamborghini’s first EV, the Lanzador.
The new EV will be part of BYD’s Ocean lineup As CarNewsChina points out, like other Ocean series models, the design is led by ex-Lamborghini and Audi designer Wolfgang Egger.
Although no other information was revealed, the new model is expected to ride on BYD’s e-platform 3.0.
CarNewsChinaobtained images of a camoflouged Sea Lion 07 in 2022 when it was initially expected to launch. The new mid size SUV will take on Tesla’s Model Y in China, and likely abroad.
Pricing has yet to be revealed, but BYD’s new EV is expected to start around $26,000 (190,000 yuan). It’s designed to sit below the new BYD Song L, which pre-orders opened for last month.
Electrek’s Take
Can BYD’s new electric SUV push it over the top to become the top selling pure EV maker? The Sea Lion 07 will join other Ocean series models including the Seal electric sedan and Seagull hatchback.
Both Tesla and BYD have aggresively cut prices this year to squeeze out the competition and boost demand.
Despite the lower prices, BYD posted a record $1.42 billion in Q3 profit. As it continues expanding into new markets, one thing is for certain, BYD will be a name to watch.
After ending production of purely ICE vehicles in April 2022, BYD is taking advantage of the industry’s transition to EVs. We’ll have more details about its newest electric SUV soon. Check back later this week.
Source: CarNewsChina, BYD Weibo
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GreenPower Motor Company says it’s received three orders for 11 of its BEAST electric Type D school buses for western state school districts in Arizona, California, and Oregon.
GreenPower hasn’t made the sort of headline-grabbing promises or big-money commitments that companies like Nikola and Lion Electric have, but while those companies are floundering GPM seems to be plugging away, taking orders where it can and actually delivering buses to schools. Late last year, the company scored 11 more orders for its flagship BEAST electric school bus.
As far as these latest orders go, the breakdown is:
seven to Los Banos Unified School District in Los Banos, California
two for the Hood River County School District in Hood River, Oregon
two for the Casa Grande Elementary School District in Casa Grande, Arizona
Those two BEAST electric school buses for Arizona will join another 90-passenger BEAST that was delivered to Phoenix Elementary School District #1, which operates 15 schools in the center of Phoenix, late last year.
“As school districts continue to make the change from NOx emitting diesel school buses to a cleaner, healthier means of transporting students, school district transportation departments are pursuing the gold standard of the industry – the GreenPower all-electric, purpose-built (BEAST) school buses,” said Paul Start, GreenPower’s Vice President of Sales, School Bus Group. “(The) GreenPower school bus order pipeline and production schedule are both at record levels with sales projections for (2025) set to eclipse the 2024 calendar year.”
GreenPower moved into an 80,000-square-foot production facility in South Charleston, West Virigina in August 2022, and delivered its first buses to that state the following year.
Electrek’s Take
Since the first horseless carriage companies started operating 100 years ago (give or take), at least 1,900 different companies have been formed in the US, producing over 3,000 brands of American automobiles. By the mid 1980s, that had distilled down to “the big 3.”
All of which is to say: don’t let the recent round of bankruptcies fool you – startups in the car and truck industry is business as usual, but some of these companies will stick around. If you’re wondering which ones, look to the ones that are making units, not promises.
While some recent high-profile bankruptcies have cast doubt on the EV startup space recently, medium-duty electric truck maker Harbinger got a shot of credibility this week with a massive $100 million Series B funding round co-led by Capricorn’s Technology Impact Fund.
It’s been a rough couple of weeks for fledgling EV brands like Lion Electric and Canoo, but box van builder Harbinger is bucking the trend, fueling its latest funding round with an order book of 4,690 vehicles that’s valued at nearly $500 million. Some of the company’s more notable customers including Bimbo Bakeries (which owns brands like Sara Lee, Thomas’, and Entenmann’s) and THOR Industries (Airstream, Jayco, Thor), which is also one of the investors in the Series B.
The company plans to use the funds to ramp up to higher-volume production capacity and deliver on existing orders, as well as build-out of the company’s sales, customer support, and service operations.
“Harbinger is entering a rapid growth phase where we are focused on scaling production of our customer-ready platform,” said John Harris, co-founder and CEO. “These funds catalyze significant revenue generation. We’ve developed a vehicle for a segment that is ripe for electrification, and there is a strong product/market fit that will help fuel our upward trajectory through 2025 and beyond.”
The company has raised $200 million since its inception in 2021.
There is no state more associated with cars and car culture than Michigan – and the state that’s home to the Motor City has just taken a huge step into the future with the deployment of its first-ever all electric police vehicle.
The 2024 Ford Mustang Mach-E patrol vehicle is assigned to the Michigan State Police State Security Operations Section, and will be to be used by armed, uniformed members of the MSP specializing in general law enforcement and security services at state-owned facilities in the Lansing, MI area.
“This is an exciting opportunity for us to research, in real time, how a battery electric vehicle performs on patrol,” says Col. James F. Grady II, director of the MSP. “Our state properties security officers patrol a substantially smaller number of miles per day than our troopers and motor carrier officers, within city limits and at lower speeds, coupled with the availability of charging infrastructure in downtown Lansing, making this the ideal environment to test the capabilities of a police-package battery electric vehicle.”
In those tests, the EVs have impressed – but the MSP has been hesitant to commit to a BEV until now. “We began testing battery electric vehicles in 2022, but up until now hybrids were the only alternative fuel vehicle in our fleet,” said Lt. Nicholas Darlington, commander of the Precision Driving Unit. “Adding this battery electric vehicle to our patrol fleet will allow us to study the vehicle’s performance long-term to determine if there is a potential for cost savings and broader applicability within our fleet.”