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A new low-cost electric car launched Friday to take on BYD’s Seagull EV. GM’s Wuling launched the 2024 Bingo EV Friday, starting under $8,000 (56,800 yuan) as it looks to top BYD.

In March, BYD sent shockwaves across the industry with the launch of its new Seagull EV, starting at just $9,700 (69,800 yuan).

The low-cost Seagull is leading BYD’s “new era of electricity is cheaper than oil,” with nearly 35,000 models sold in May alone. At least one automaker looks to keep pace.

GM’s joint venture with SAIC, Wuling, launched the new 2024 Bingo EV Friday with new upgrades and a lower price tag. With starting prices under $8,000 (56,800 yuan), GM’s new Wuling Bingo undercuts BYD’s Seagull.

BYD’s Seagull EV was the top-selling small car in China last month, followed by the Bingo. Since launching last March, over 280,000 Bingo models have been sold.

To bump up sales in hopes of overtaking BYD’s Seagull, the 2024 model includes faster charging, new features, and a starting price under $8,000.

GM's-Bingo-EV-$8,000
2024 Wuling Bingo EV (Source: Wuling)

GM’s Wuling launches 2024 Bingo EV under $8,000

Although the 2024 Wuling Bingo EV is the same size (3,950 mm long, 1,708 mm wide, 1,580 mm tall) as the 2023MY, the new model gains several upgrades.

It’s available in four variants: Light, Enjoyment, Lingxi connected, and Lingxi premium with 126 miles (203 km) to 255 miles (410 km) CLTC range.

GM's-Bingo-EV-$8,000
2024 Wuling Bingo EV interior (Source: Wuling)

All trims can now charge from 30% to 80% in 35 minutes with DC fast charging. On the 2023MY, the standard range (203 km) model did not include it.

The interior remains mostly unchanged, with a 10.25″ dual-screen system and 1,240 liters storage room (with the seats down). The higher Lingxi trims now include Ling OS Lingxi car system with entertainment apps.

GM's-Bingo-EV-$8,000
2024 Wuling Bingo EV (Source: Wuling)

Meanwhile, the longer range (333 km and 410 km) models are equipped with a three-in-one water-cooled flat wire motor. The upgrade enhances cooling efficiency.

Wuling Bingo EV vs BYD Seagull Starting Price Range
(CLTC)
Bingo EV Light $7,900
(56,800 yuan)
126 mi
(203 km)
Bingo EV Enjoyment $9,800
(70,800 yuan)
207 mi
(333 km)
Bingo EV Lingxi connected $10,300
(74,800 yuan)
207 mi
(333 km)
Bingo EV Lingxi premium $11,700
(84,800 yuan)
255 mi
(410 km)
BYD Seagull Active $9,700
(69,800 yuan)
190 mi
(305 km)
BYD Seagull Free $10,500
(75,800 yuan)
190 mi
(305 km)
BYD Seagull Flying $12,000
(85,800 yuan)
252 mi
(405 km)
Wuling Bingo EV vs. BYD Seagull prices and range

BYD’s Seagull EV, the Bingo’s main rival, starts at $9,700 (69,800 yuan) with up to 190 miles (305 km) CLTC range. It’s available in three trims with up to 252 miles (405 km) range.

Can GM’s new Wuling Bingo EV top the BYD Seagull in sales? Let us know your thoughts in the comments.

Source: CarNewsChina, Wuling

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U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears

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U.S. crude oil falls below  a barrel to lowest since 2021 on tariff-fueled recession fears

A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. 

Pavel Mikheyev | Reuters

U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.

Futures tied to U.S. West Texas intermediate crude fell more than 3% to $59.74 on Sunday night. The move comes after back-to-back 6% declines last week. WTI is now at the lowest since April 2021.

Worries are mounting that tariffs could lead to higher prices for businesses, which could lead to a slowdown in economic activity that would ultimately hurt demand for oil.

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Oil futures, 5 years

The tariffs, which are set to take effect this week, “would likely push the U.S. and possibly global economy into recession this year,” according to JPMorgan. The firm on Thursday raised its odds of a recession this year to 60% following the tariff rollout, up from 40%.

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What EV sales slump? Illinois’ EV sales outpace the nation by 4:1

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What EV sales slump? Illinois' EV sales outpace the nation by 4:1

Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.

Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.

Those numbers represent more than 50% growth in EV registrations – far beyond the expected 12% first-quarter increase nationally being projected by Cox Automotive. (!)

What’s going on in Illinois?

File:Illinois Governor J. B. Pritzker (33167937268).jpg
Illinois Governor JB Pritzker at the Chicago Auto Show; by Ray Cunningham.

While President Trump and Elmo were running for re-election, they campaigned on the threat promise of canceling the $7,500 federal tax credit for EVs. Along with California Governor Gavin Newsom, Illinois’ Governor JB Pritzker made countermoves – launching a $4,000 rebate for new electric cars and up to $1,500 for the purchase of a new electric motorcycle.

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At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).

We covered the launch of those incentives when the program was announced at Chicago Drives Electric last year, but the message here is simple: incentives work.

SOURCES: Chicago Business, Ray Cunningham; featured image by the author.

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XCMG launches XE215EV battery swap electric excavator ahead of bauma

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XCMG launches XE215EV battery swap electric excavator ahead of bauma

The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.

Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.

XCMG is delivering on part of that reduced downtime promise with the lower maintenance and easier repair needs of electric equipment, and delivering on the rest of it with lickety-quick DC fast charging that can recharge the machine’s massive battery in 1.5-2 hours … but that’s not the slick bit. The XCMG XE125EV can be powered up without leaving the job site thanks to its BYD battery swap technology.

We first covered XCMG and its battery swap technology back in January, and covered similar battery-swap tech being developed by MOOG Construction offshoot ZQUIP, as well – but while XCMG’s battery tech has been in production for several years, it’s still not widely known about in the West (even within the industry).

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XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?

Easy in, easy out

XCMG battery swap crane; via Etrucks New Zealand.

The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.

You can check out all the XE215EV’s specs at this tear sheet, and get an in-person look at the Chinese company’s latest electric excavator this week in Munich, Germany.

SOURCE | IMAGES: XCMG.

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