BYD rolls 9 millionth NEV off its assembly lines with 1 million built in last 3 months alone
Yes, you read that correctly. Nine million new energy vehicles (NEVs) built. Chinese automaker Build Your Dreams (BYD) continues to gain momentum as a globally recognized brand, having built three million NEVs in the past three months, bringing its cumulative total to nine million.
We’ve said it plenty of times, but we’ll say it again—if you haven’t heard of BYD yet, you will. The Chinese multinational manufacturing conglomerate spearheaded by BYD Auto is approaching its 30th anniversary, but it’s the company’s strides in New Energy Vehicles in recent years that have truly put it on the global map.
The automaker has been expanding to new markets outside of China and recently claimed the top spot as the world’s largest automaker by R&D workforce. Back in its native China, BYD continues to deliver some of the best-selling models, including the ultra-affordable Seagull BEV.
Production appears to be keeping up with BYD’s rapid expansion as well. In May 2021, the automaker produced its one-millionth NEV, then tripled that number a mere 18 months later. Nine months after that, BYD celebrated its five millionth NEV build.
This past March, the automaker celebrated its seven millionth build, followed by a record sales month in July that included 342,000 units. By August, BYD had surpassed the one million sales mark for 2024 with no signs of slowing down.
Today, BYD is celebrating its latest production milestone, reaching nine million NEV builds by rolling a 1,200 hp Yangwang U9 hypercar off its assembly lines in China.
BYD has quickly become a powerhouse in NEV production
BYD celebrated its nine millionth NEV build in style with its ultra-sleek (and super-fast) Yangwang U9. The two-seat electric supercar starts at a price of RMB 1.68 million ($238,930) – currently the most expensive model in BYD’s lineup.
Of the nine million builds to date, BYD says one million came in the last three months alone, having built a Dolphin EV at its Thailand plant as its eight millionth build on July 4. Such quick output clearly showcases a bolstering of production in toe with its growing staff, portfolio, and markets it is selling in.
From January to August 2024, BYD reports selling 2,328,449 NEVs, a 29.92% year-over-year increase. While BYD continues to grow in size and brand recognition, the Chinese automaker still has not shared any plans to enter the US. Instead, it is working on a massive production facility in Mexico and previously shared intentions to begin selling its EVs in Canada. However, that was before our neighbors to the North matched the Biden administration’s 100% tariff on Chinese vehicle imports.
Still, BYD has been staring down the barrel of tariffs in the EU, yet is still finding success in its markets despite lower profits from the higher levies. While it gears up for North American market entry (sans the US), BYD continues to bolster its fleet of car carrier ships for international markets.
On the EV battery front, BYD is also gaining ground on CATL – the global leader in the segment for seven years running. BYD is one of the most exciting NEV automakers to watch right now, and I’m sure Electrek will follow up with more news surrounding the brand and its all-electric marques soon. Stay tuned.
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The Mockingbird Solar Center, Ørsted’s largest solar project globally, is now online, next to protected prairie donated by the renewable energy giant.
This massive 468-megawatt (MW) solar farm is set to power 80,000 homes and businesses, providing a major boost to the Texas grid.
But the launch of Mockingbird Solar isn’t just about clean energy – it’s also about restoring precious ecosystems. Ørsted has donated 953 acres of the Smiley-Woodfin Native Prairie Grassland, which sits next to the solar center, to The Nature Conservancy. The donated land is now the Smiley Meadow Preserve, a protected area for tallgrass prairie that’s home to more than 400 species of grasses and wildflowers.
Tallgrass prairies are some of the rarest ecosystems in the US, with less than 1% of Texas’ original tallgrass prairies still in existence. Tallgrass prairie does a lot of heavy lifting for the environment, including storing carbon, preventing floods, and providing crucial habitats for pollinators.
“Native prairies are the rarest landscapes left in Texas – so much so that many people have never seen one,” said David Bezanson, land protection strategy program director for The Nature Conservancy in Texas. He added that preserving Smiley Meadow will not only conserve one of the best prairie remnants left but also help restore other prairie habitats and boost regional biodiversity.
The Mockingbird Solar Center, a half-billion-dollar project, is part of Ørsted’s $20 billion push to expand renewable energy production across the US. Beyond generating electricity, it will inject $75 million into local property taxes, benefiting schools and other public services. The project also created over 550 construction jobs and will continue to be supported by operations staff moving forward.
Ørsted worked with US companies, including First Solar, for solar panels and partnered with local businesses like Drake Construction and Pfifer Farms for construction materials. It also gave more than $50,000 to local volunteer fire departments in Roxton and Brookston.
With Mockingbird Solar now up and running, Ørsted has more than 6 gigawatts of onshore wind, solar, and battery storage projects either in operation or being built across the US.
Read more: Ørsted got a huge Tesla battery storage system for the world’s single-largest offshore wind farm
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Jeep’s first global luxury electric SUV will arrive at US dealerships any day. Despite its $72,000 price tag, lease prices for the 2024 Jeep Wagoneer S EV start at just $599 per month.
2024 Jeep Wagoneer S EV lease prices
After unveiling its first global electric SUV, Jeep’s CEO said the Wagoneer S “marks a new chapter” in its storied history.
Jeep claims the Wagoneer S packs “exhilarating performance.” With 600 hp and 617 lb-ft of torque, the big-body SUV can sprint from 0 to 60 mph in just 3.4 seconds. Its 100 kWh battery pack also gives it a driving range of over 300 miles.
The electric SUV is unmistakably still a Jeep, but it did get several upgrades to distinguish it as an EV. The grille is now enclosed without the need to cool a massive engine, giving it a sporty, more modern look.
Jeep revamped its design with a new illuminated seven-slot grille with ambient cast lightning. It also fine-tuned its profile, adding flush door handles, a rear wing, and integrated fins for better airflow.
The first Jeep Wagoneer S Launch Edition models get exclusive dark accent design elements like 20″ Gloss Black Wheels.
Inside, the electric SUV is loaded with the latest tech and connectivity, including a best-in-class 45″ of usable screen space. The setup includes a 12.3″ center screen and an exclusive 10.25″ interactive front passenger screen.
Jeep already announced that the 2024 Wagoneer S EV will start at $71,995, but now the company has revealed lease prices for the first time.
According to Jeep, the 2024 Jeep Wagoneer S Launch Edition can be leased for $599 per month for 36 months (10,000 miles per year). The deal includes $4,999 due at signing and a $7,500 EV incentive. However, you may want to act fast, as Jeep’s offer is only good until December 2, 2024.
| Jeep Wagoneer S vs Tesla Model Y | Starting Price | Range | Lease Price |
| Jeep Wagoneer S Launch Edition | $71,995 | +300 miles | $599/mo |
| Tesla Model Y RWD | $44,990 | 320 miles | $299/mo |
| Tesla Model Y AWD | $47,990 | 308 miles | $399/mo |
| Tesla Model Y AWD Performance | $51,490 | 279 miles | $599/mo |
In comparison, Tesla Model Y RWD lease prices start at $299 for 36 months with $2,999 down (10,000 miles). The Performance AWD model starts at $599 per month. In an end-of-year promo, Tesla also offers 3 months of free Supercharging and Full Self-Driving.
Ready to drive off in your new electric SUV? We can help you get started. You can use our links below to view offers on the Jeep Wagoneer S and Tesla Model Y at a dealer near you.
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