Is the West afraid of Chinese electric cars? According to BYD CEO Wang Chuanfu, there are many examples of politicians who are worried about low-cost Chinese EVs, hinting at the US and Europe.
BYD says the US, Europe are worried about Chinese EVs
“If you are not strong enough, they will not be afraid of you,” Wang said at an industry event on Friday (via Bloomberg).
He added, “There are many examples of politicians in other countries who are worried about EVs in China.” The comments come as the US and Europe aim to hamper Chinese EV imports with new tariffs.
BYD’s CEO said the tariffs are a testament to the strength of China’s auto industry. Wang’s swipe at the West comes after the US increased tariffs on China-made imports, including EVs, batteries, and critical minerals.
The EU is also expected to introduce new tariffs aimed at Chinese EVs shortly. Europe launched an investigation into China-made EVs as the global markets are “now flooded with cheaper electric cars,” European Commission President Ursula von der Leyen said in September.
China has since threatened to retaliate with a 25% tariff on imports as global trade tensions heat up.
BYD, China-made EVs take on global markets
BYD posted its second-highest sales ever last month after introducing a series of new lower-cost electric (and PHEV) cars.
The new BYD Seagull, its cheapest EV, starts at just $9,700 (69,800 yuan) in China. Even in overseas markets, the “mini Lamborghini” (as former Lamborghini designer Wolfgang Egger led its design) is still one of the cheapest electric options.
In Brazil, the Seagull EV starts at around $20,000 (99,800 BRL). BYD’s car transport ship, Explorer No 1, landed in Brazil’s Port of Suape earlier this week, unloading 7,000 new energy vehicles (EVs and PHEVs).
The Explorer first docked in Germany in February, carrying 3,000 vehicles, as BYD expands the brand globally.
According to global data collection firm Dataforce, Chinese EVs, like BYD and MG, accounted for around 9% of EVs sold in Europe last year. However, that number is expected to rise quickly over the next few years.
European lobby group Transport and Environment, Chinese EVs could account for a quarter of EVs sold in Europe this year.
After topping VW, becoming China’s top-selling automaker last year, BYD looks to take on global markets.
While addressing the audience Friday, Wang said the industry should embrace competition if it wants to manage the transition to EVs.
Electrek’s Take
BYD is quickly expanding overseas. It’s already an EV leader in key markets like Thailand, Brazil, Israel, Columbia, and others.
Despite its low price tag, BYD’s Seagull has earned praise from industry leaders. Ford’s CEO Jim Farley called it a “pretty damn good” car, warning rivals of BYD’s superior tech.
Even with tariffs, BYD expects the Seagull EV to launch as one of Europe’s cheapest electric cars at under $21,500 (20,000 euros). BYD is also planning a higher-end $27,000 (25,000 euro) model, according to European managing director Michael Shu.
With two planned plants in the region, BYD expects to overcome any potential impacts of tariffs on China-made EVs.
Although BYD is best known for its affordable EVs, the automaker is expanding into new segments, such as mid-size SUVs, luxury vehicles, and pickup trucks.
BYD launched the Sea Lion 07 last month, which will compete with Tesla’s top-selling Model Y. Starting at 189,800 yuan ($26,250), BYD’s new electric SUV undercuts the Model Y in China, which starts at 249,900 yuan ($34,550).
It also launched its first pickup, the Shark PHEV, in Mexico. The BYD Shark will compete with top-selling trucks like Toyota’s Hilux and the Ford Ranger in the region.
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The Windsor, Ontario utility says it’s driving towards a more sustainable future after adding a dozen new electric vehicles to its fleet – including a state-of-the-art, 55-foot Terex electric bucket truck.
Based on a Class 7 (33,000 lb. GVWR) International eMV Series BEV, the Terex EV takes the eMV’s 291 kWh battery and adds the Terex Optima 55-foot aerial device and HyPower SmartPTO system to create a fully electrified utility service vehicle that can do anything its diesel counterparts can do while offering better, safer working conditions for utility crews.
“We’ve got 12 EVs,” said Gary Rossi, president and CEO, Enwin Utilities. That number represents fully 10% of the utility’s entire vehicle fleet. “Our centerpiece is our electric 55-feet bucket truck. It’s very quiet,” continues Rossi. “So (the truck) allows us, our crews, to communicate better. It’s not as loud in the community when they’re doing repairs in someone’s backyard.”
That notion is echoed by Terex, itself. The company says its HyPower SmartPTO (power take off), which replaces a mechanical PTO, avoids a loud idling engine while reducing workers’ exposure to toxic exhaust fumes.
“It’s all about building Windsor’s future and literally plugging into the battery factory down the road that is being constructed and showing that Windsor is a leader on this front,” says Drew Dilkens, Mayor of Windsor. “I don’t own an internal combustion engine vehicle,” adds Mayor Wilkins. “I only own two electric cars. My wife and I, we made the change starting in 2019 and I can’t see myself ever going back.”
CTV News Windsor
Enwin says its commitment to clean energy extends beyond its vehicle fleet. The company recently unveiled a massive MW solar rooftop net metering facility at its Rhodes Drive headquarters with over 3,000 solar panels. The site, one of Canada’s largest solar installations, generates enough clean electricity to power 300 homes annually.
Built by Damen Shipyards and the first fully electric tugboat to be deployed in the Middle East, the new RSD-E Tug 2513 Bu Tinah put in its record-breaking performance took place at Khalifa Port during ADIPEC, the world’s largest energy conference.
The RSD-E Tug 2513 is based on the already efficient hull design of the standard, diesel-powered RSD Tug 2513, but its new, fully electric propulsion arrangement enables it to offer zero emissions operations in situations where oil or fuel leakage would be – let’s say especially bad.
But, while the “clean” aspect of all-electric operation is obvious, its Guinness World Record of performance shows that the Damen RSD-E Tug 2513 is up to whatever task its owners put to it.
“This Guinness World Record achievement demonstrates that the transition to alternative energy does not come at the cost of performance,” explains Maritime & Shipping Cluster, AD Ports Group, Captain Ammar Mubarak Al Shaiba. “We are very proud that the first electric tug in the Middle East is also making waves on a global level with this accolade and the fact that in parallel it is improving the sustainability of our operations alongside cost efficiencies in terms of overall fuel saving is extremely important. This vessel is now a key component of our Marine Services fleet and our electrification strategy.”
To earn its record, the the Damen RSD-E Tug 2513 Bu Tinah recorded an average high peak bollard pull of 78.2 tonnes (about 86 ‘Murican tons). The record-setting tugboat can undertake a minimum of two towage operation on a single charge, and can be recharged on a marine DC fast charger in just two hours.
US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024.
Allison Robbert | AFP | Getty Images
President-elect Donald Trump on Saturday selected Liberty Energy CEO Chris Wright to serve as the next energy secretary of the United States.
Liberty Energy is an oilfield services company headquartered in Denver with a $2.7 billion market capitalization. The company’s stock gained nearly 9% on Nov. 6 after Trump won the U.S. presidential election, but its shares have since pulled back.
Wright serves on the board of Oklo, a nuclear power startup backed by OpenAI CEO Sam Altman that is developing micro reactors.
Wright will also serve on Trump’s Council of National Energy, the president-elect said Saturday. The council will be led by Trump’s pick for Interior Secretary, North Dakota Gov. Doug Burgum.
Wright has denied that climate change presents a global crisis that needs to be addressed through a transition away from fossil fuels.
“There is no climate crisis and we’re not in the midst of an energy transition either,” Wright said in a video posted on his LinkedIn page last year. “Humans and all complex life on earth is simply impossible without carbon dioxide. Hence the term carbon pollution is outrageous.”
“There is no such thing as clean energy or dirty energy,” Wright said. “All energy sources have impacts on the world both positive and negative.”
Trump described Wright as a “leading technologist and entrepreneur in the energy sector.”
“He has worked in Nuclear, Solar, Geothermal, and Oil and Gas,” the president-elect said in a statement Saturday.
“Most significantly, Chris was one of the pioneers who helped launch the American Shale Revolution that fueled American Energy Independence, and transformed the Global Energy Markets and Geopolitics,” Trump said.
The U.S. has produced more crude oil than any other country in history, including Russia and Saudi Arabia, since 2018, according to the Energy Information Administration.