BYD is leading an offensive against ICE vehicles. A new report claims BYD’s new EV platform will slash costs even further as the automaker kicks off a “liberation battle” against gas-powered cars.
Best known for its low-cost EVs, such as the Dolphin, Atto 3, and sleek Seal sedan, BYD is taking its game up a notch in 2024.
After surpassing Tesla to become the largest EV maker globally in the last three months of 2023, BYD says Tesla is not the competition. It’s gas-powered cars.
BYD launched a price war on ICE vehicles last month with the new Qin Plus EV and PHEV models. Starting at $15,200 (109,800 yuan), the new EV officially opened a “new era of electricity is cheaper than oil.”
The DM-i (PHEV) version is even cheaper, starting at around $11,000 (79,800 yuan). It includes up to 74 mi (120 km) NEDC all-electric range.
The all-electric Qin Plus is offered with 48 kWh or 57.6 kWh battery packs for up to 261 mi (420 km) or 316 mi (510 km) CLTC range, respectively.
BYD Atto 3 (Source: BYD)
BYD launching lower-cost EV platform to fuel price war
Last year, BYD introduced a DM-i model priced below the 100,000 yuan ($13,900) mark for the first time. The automaker said it was “directly destroying the moat of joint venture vehicles.” In other words, legacy automakers that are still selling gas-powered cars.
BYD has followed it up with several lower-priced versions of its top-selling models, including the new Dolphin EV Honor Edition, starting at $13,900 (99,800 yuan).
BYD Dolphin EV Honor Edition (Source: BYD)
BYD also launched slashed prices on the Yuan Plus, its best-selling EV, and new Tang and Han models, fueling the price war with ICE cars.
Most recently, BYD revealed its cheapest EV yet, the new Seagull EV (Honor Edition), starting at a “shocking price” of $9,700 (69,800 yuan).
BYD Seagull (Source: BYD)
According to a new 36kr report, BYD will use all of its tech advantages to fight a “liberation battle” over the next three years.
The report cited several people familiar with BYD’s plans, released at a recent core internal meeting.
The new platform will update BYD’s DM-i and all-electric models, according to the sources. Most BYD vehicles are based on its e-Platform 3.0, featuring up to 1,000 km (620 mi) CLTC range.
BYD Dolphin (left) and Atto 3 (right) Source: BYD
Launched in 2021, the platform could be updated to 4.0 this year. The big advantage of BYD’s current 3.0 is the eight-in-one integration, which cuts costs by nearly 20%.
The upcoming 4.0 will take it to the next level with more integration and fewer wiring harnesses. This will support further cost reduction, according to the report.
Its next-gen DM-i system will enable PHEVs to drive over 1,200 miles (2,000 km) with a fuel tank and full charge. This will make it hard for traditional gas cars to compete.
BYD Qin Plus EV Honor Edition (Source: BYD)
BYD’s main goal in the “liberation battle” is to steal further market share from gas-powered cars over the next three years.
Electrek’s Take
Legacy automakers are already fearing BYD’s low-cost EVs. How will they respond to a new, even lower-cost cost EV platform?
Although BYD isn’t planning to launch passenger EVs in the US, it is taking market share in key global markets, including Europe, Japan, South America, and Thailand.
BYD’s first cargo ship landed in Germany last month carrying around 3,000 vehicles as the automaker looks to expand its global footprint.
Ford’s CEO Jim Farley said if you cannot compete with the Chinese, “then 20% to 30% of your revenue is at risk.” For this reason, Ford is developing a low-cost EV platform to stay competitive.
Although many compare BYD and Tesla, BYD sees Tesla as an ally and “industry peer.” BYD believes working with Tesla is best as it aims to increase the share of EVs on the road.
Source: CnEVPost
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A former coal mine in western Maryland is now generating solar power – and it’s the largest solar farm in the state. Competitive Power Ventures (CPV) has brought Maryland’s largest solar project online in Garrett County, turning reclaimed coal mine land into a source of clean electricity.
CPV Renewable Power, an affiliate of CPV, and investment partner Harrison Street Asset Management have started commercial operations at CPV Backbone Solar, a 160-megawatt solar project in western Maryland. The site sits on a reclaimed, decommissioned coal mine, turning previously disturbed land into a new source of clean power.
Construction of the project was handled by Vanguard Energy Partners, a solar engineering, procurement, and construction firm.
The project comprises approximately 324,000 solar panels and is expected to generate enough electricity to power around 30,000 homes. For Maryland, it adds new in‑state generation while giving former fossil fuel land a second life.
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CPV says that the project aims to demonstrate the role of brownfield redevelopment in the energy transition. The company’s CEO, Sherman Knight, said Backbone Solar shows “how brownfield redevelopment, innovative engineering, and strategic partnerships can meet complex project challenges and deliver new power generation in Maryland.”
Local officials have welcomed the project. Garrett County Board Chairman Paul Edwards said bringing the solar facility to the county helps protect the region’s natural landscape while also creating economic value for local residents.
CPV Backbone Solar also includes a community and environmental investment tied to the project. CPV has committed $100,000 over four years to the Deep Creek Watershed Foundation.
Backbone Solar becomes part of CPV’s growing renewable portfolio, which includes four operating wind and solar projects. The company also says it has a 4.8-gigawatt renewable development pipeline.
A second phase of the Backbone Solar project is already under construction. Once completed, it’s expected to increase the site’s total installed capacity from 160 MW to 175 MW.
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U.S. President Donald Trump makes an announcement about the Navy’s “Golden Fleet” at Mar-a-lago in Palm Beach, Florida, U.S., December 22, 2025.
Jessica Koscielniak | Reuters
President Donald Trump on Monday said the U.S. will keep crude oil and tankers seized near Venezuela.
“We’re going to keep it,” Trump told reporters in Palm Beach, Florida after unveiling a new class of battleships named after himself.
“Maybe we’ll sell it, maybe we’ll keep it, maybe we’ll use it in the strategic reserve,” Trump said of the seized oil. “We’re keeping the ships also.”
Trump has ordered a blockade of sanctioned oil tankers entering or leaving Venezuela as he escalates pressure on President Nicolas Maduro.
The U.S. seized a large tanker on Dec. 10 that was carrying more than 1 million barrels of oil, according energy consulting firm Kpler. It intercepted a second vessel over the weekend. Trump confirmed Monday that the U.S. is pursuing a third tanker.
“It’s moving along. We’ll end up getting it,” Trump said of the tanker. “It came from the wrong location. It came out of Venezuela, and it was sanctioned.”
Trump said “it would be smart” for Maduro to step down when asked whether his ultimate goal is to oust the Venezuelan president.
Venezuela is a founding member of OPEC and has the largest proven oil reserves in the world. It is exporting about 749,000 barrels per day this year with more than half that oil going to China, according to data from Kpler.
The U.S. has staged a major military build up in the Caribbean. The Trump administration has launched deadly strikes on boats that it says were trafficking drugs to the U.S. The legality of those strikes is disupted and has been subject to scrutiny by Congress.
Trump threatened Monday to expand the strikes to land.
“We’ll be starting the same program on land,” he said. “If they want to come by land, they’re going to end up having a big problem. They’re going to get blown to pieces, because we don’t want our people poisoned.”
Pennsylvania just opened its first federally funded EV charging station on the Pennsylvania Turnpike — a key step toward making long-distance EV travel easier across the state.
The new station just opened at the Blue Mountain Service Plaza at Exit 202 westbound. Another NEVI-funded site at the New Stanton Service Plaza (Exit 77 westbound) is expected to open next week, according to the Pennsylvania Department of Transportation (PennDOT).
The chargers were built using funds from the federal National Electric Vehicle Infrastructure (NEVI) program, which is designed to install fast, reliable charging stations where drivers already stop — especially along busy highway corridors.
The Pennsylvania Turnpike is one of the state’s most heavily traveled roads, particularly during holiday travel, making service plazas a natural location for en-route EV charging. This first Turnpike site marks the beginning of NEVI-funded charging directly on the state’s toll road.
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The Blue Mountain and New Stanton locations are part of the Turnpike’s larger, systemwide EV charging rollout. Working with Applegreen Electric, the Turnpike plans to install 80 new universal EV charging stations across all 17 service plazas by the end of 2027.
In addition to the NEVI-funded sites, the Turnpike has already brought new chargers online at the North Somerset, South Somerset, and Hickory Run service plazas using funding from Pennsylvania’s Driving PA Forward program. Each location offers high-speed charging with four ports per site, and all chargers are designed to work with all EV models without the need for adapters.
The project was awarded under the first round of PennDOT’s NEVI Alternative Fuel Corridor program. The next phase of funding, known as Corridor Connections, is focused on filling in charging gaps along major roadways that fall outside previously designated alternative fuel corridors. The goal is to make longer EV trips across Pennsylvania easier and more predictable.
The announcement also comes as Pennsylvania continues to push back against federal attempts to block EV funding. The US Department of Transportation is currently withholding congressionally approved money that would have supported EV infrastructure projects and jobs in the state. Governor Josh Shapiro (D-PA) sued the Trump administration over the move and, alongside 15 other states, successfully challenged an earlier attempt to derail the NEVI program. That legal fight helped keep projects like these Turnpike charging stations moving forward across the Commonwealth.
Electrek’s Take
This is precisely what the Biden administration’s NEVI program was meant to do: put fast, reliable charging stations where drivers already stop. Service plazas on major turnpikes are prime real estate for EV charging, particularly during holiday and long-distance travel. Pennsylvania’s rollout is still early days, but once chargers are live at all 17 plazas – assuming the federal funding spigot stays open – one of the Northeast’s busiest corridors is going to be a great place to road-trip in an EV.