BYD’s best-selling EV arrives in Europe as the Dolphin Surf with prices starting at $26,000
BYD’s electric hot hatch has officially arrived in Europe. The BYD Dolphin Surf is the European version of its best-selling (and most affordable) EV, the Seagull. Despite its small size, the Dolphin Surf has “huge potential” with prices starting at just 23,000 euros ($26,000).
Meet the BYD Dolphin EV for Europe
With over 55,000 units sold last month alone, the Seagull was BYD’s top-selling EV in April. Last year, it was second, trailing only Tesla’s Model Y as the best-selling electric vehicle in China. Now, you can buy it in Europe.
BYD launched the Dolphin Surf on Wednesday, a longer version of the Seagull with a few upgrades. Although not quite as cheap as the Seagull, which starts at under $10,000 (69,800 yuan) in China, the electric hatch is still one of the most affordable in Europe.
The Dolphin Surf is available in three different versions in Europe, with prices starting at 22,990 euros ($26,000) for the standard range model with a WLTP driving range of 220 km (137 miles).
Until June, BYD is offering a discounted price of just 19,990 euros ($22,700). The longer-range Dolphin Surf starts at 24,990 euros and has a 507 km (315 mile) range.
BYD said the compact electric city car is “built for the big city” with a sporty new design and the automaker’s advanced in-car technology.
Built for the big city
The interior is similar to other BYD vehicles, with a 10.1″ rotating touchscreen (with Apple CarPlay and Android connectivity) at the center. It’s also equipped with “Hi BYD,” a new voice control feature.
Although it may be compact, the Dolphin Surf has over 20 “clever storage areas” and a boot capacity of up to 316 L. With the rear seats folded, the electric hatch offers up to 1,037 L of space.
Like its other new vehicles, the Dolphin Surf is equipped with BYD’s Advanced Driver Assistance System (ADAS) as standard, which includes features like intelligent cruise control, automatic emergency braking, and lane-departure assist.
BYD will introduce the four-seater variant in June. With prices expected to start at around 25,000 euros ($28,300), it’s expected to compete with the Renault R5 and Volkswagen’s upcoming ID.2 electric car.
BYD’s region director, Maria Grazia, said during the launch event in Berlin (via Reuters) that “The compact segment is the next frontier for electrification in Europe,” adding “We think this market has huge potential.”
Electrek’s Take
BYD is leading EV sales in China, and it’s not even close. The automaker is coming off its best sales week of the year with nearly 68,000 vehicles registered from May 5 to May 11, up 15% from the previous week.
To give you some perspective, Tesla delivered just 3,070 vehicles in China in the same week, down 69% from the same week in 2024.
Will the Dolphin Surf see the same demand in Europe? With competitive prices, range, and features, it could be BYD’s most important EV so far. It’s the brand’s 10th vehicle to launch in Europe, following the Sealion 07, a smart midsize electric SUV.
According to S&P Global Mobility, BYD’s sales could double in Europe this year to around 186,000. By 2029, that number could reach around 400,000. Although it’s not slated for European production, the report notes that the Dolphin Surf’s “pricing strategy ensures competitiveness in the EU even with tariffs.”
Will the BYD Dolphin Surf become a top-selling EV in Europe? Leave us a comment below and let us know your thoughts.
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Enbridge is going big on solar again in Texas, and Meta is snapping up all the solar power it can get.
Last month, Electrek reported that the Canadian oil and gas pipeline giant just launched its first solar farm in Texas. Now it’s given the green light to Clear Fork, a 600 megawatt (MW) utility-scale solar farm already under construction near San Antonio. The project is expected to come online in summer 2027.
Once it’s up and running, every bit of Clear Fork’s electricity will go to Meta Platforms under a long-term contract. Meta will use the solar power to help run its energy-hungry data centers entirely on clean energy.
The solar farm project’s cost is around $900 million. Enbridge says it expects Clear Fork to boost the company’s cash flow and earnings starting in 2027.
Enbridge EVP Matthew Akman said the project reflects “growing demand for renewable power across North America from blue-chip companies involved in technology and data center operations.”
Meta’s head of global energy, Urvi Parekh, added that the company is “thrilled to partner with Enbridge to bring new renewable energy to Texas and help support our operations with 100% clean energy.”
Meta’s first multi-gigawatt data center, Prometheus, is expected to come online in 2026.
Clear Fork is part of a growing trend: tech giants like Meta, Amazon, and Google are racing to lock down renewable energy contracts as they expand their fleets of AI-ready data centers, which use massive amounts of electricity.
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A fully electric Japanese electric pickup truck? It’s not a Toyota or Honda, but Isuzu’s new electric pickup packs a punch. The D-MAX EV can tow over 7,770 lbs (3,500 kg), plow through nearly 24″ (600 mm) of water, and it even has a dedicated Terrain Mode for extreme off-roading. However, it comes at a cost.
Meet Isuzu’s first electric pickup: The D-MAX EV
After announcing that it had begun building left-hand drive D-MAX EV models at the end of April, Isuzu said that it would start shipping them to Europe in the third quarter.
By the end of the year, Isuzu will begin production of right-hand drive models for the UK. Sales will follow in early 2026.
Isuzu announced prices this week, boasting the D-MAX EV features the same “no compromise durability” of the current diesel version.
The D-MAX EV pickup features a full-time 4WD system, a towing capacity of up to 3.5 tons (7,700 lbs), and an added Terrain Mode, which Isuzu says is designed for “extreme off-road capability.” With 210 mm (8.3″) of ground clearance, Isuzu’s electric pickup can wade through up to 600 mm (24″) of water.
Powered by a 66.9 kWh battery, Isuzu’s electric pickup offers a WLTP range of 163 miles. With charging speeds of up to 50 kW, the D-MAX EV can recharge from 20% to 80% in about an hour.
The electric version is nearly identical to the current diesel-powered D-Max, both inside and out, but prices will be significantly higher.
| Isuzu D-Max EV specs and prices | |
| Drive System | Full-time 4×4 |
| Battery Type | Lithium-ion |
| Battery Capacity | 66.9 kWh |
| WLTP driving range | 163 miles |
| Max Output | 130 kW (174 hp) |
| Max Torque | 325 Nm |
| Max Speed | Over 130 km/h (+80 mph) |
| Max Payload | 1,000 kg (+2,200 lbs) |
| Max Towing Capacity | 3.5t (+7,700 lbs) |
| Ground Clearance | 210 mm |
| Wading Depth | 600 mm |
| Starting Price (*Ex. VAT) | £59,995 ($81,000) |
Isuzu’s electric pickup will be priced from £59,995 ($81,000), not including VAT. The double cab variant starts at £60,995 ($82,500). In comparison, the diesel model starts at £36,755 ($50,000).
The EV pickup will launch in extended and double cab variants with two premium trims: the eDL40 and V-Cross. Pre-sales will begin later this year with the first UK arrivals scheduled for February 2026. Customer deliveries are set to follow in March.
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In this photo illustration, Claude AI logo is seen on a smartphone and Anthropic logo on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)
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OpenAI and Anthropic continue to lead a fundraising bonanza in artificial intelligence, raising historic rounds and stratospheric valuations.
But when it comes to finding AI exits for venture firms, the market looks a lot different.
AI startups raised $104.3 billion in the U.S. in the first half of this year, nearly matching the $104.4 billion total for 2024, according to PitchBook. Almost two-thirds of all U.S. venture funding went to AI, up from 49% last year, PitchBook said.
The biggest deals follow a familiar theme. OpenAI raised a record $40 billion in March in a round led by SoftBank. Meta poured $14.3 billion into Scale AI in June as part of a way to hire away CEO Alexandr Wang and a few other top staffers. OpenAI rival Anthropic raised $3.5 billion, while Safe Superintelligence, a nascent startup started by OpenAI co-founder Ilya Sutskever, raised $2 billion.
While Meta’s massive investment into Scale AI amounted to a lucrative exit of sorts for early investors, the overarching trend has been a lot more money going in than coming out.
In the first half, there were 281 VC-backed exits totaling $36 billion, according to PitchBook. That includes the roughly $700 million acquisition of EvolutionIQ, an AI platform for disability and injury claims management, by CCC Intelligent Solutions, and the public listing of Slide Insurance, which builds AI-powered insurance offerings for homeowners. Slide is valued at about $2.3 billion.
“The dominant exit trend right now is frequent but lower-value acquisitions and fewer IPOs with significantly higher value,” said Dimitri Zabelin, PitchBook’s senior research analyst for AI and cybersecurity.
CoreWeave’s IPO, which took place at the very end of the first quarter, was the exception on the infrastructure side. The stock shot up 340% in the second quarter, and the company is now valued at over $63 billion.
Zabelin said the pattern of more investments in applications with smaller deals has been in place for the past year.
“Vertical solutions tend to plug more easily into existing enterprise gaps,” Zabelin said.
The acquisitions wave is being driven, in part, by what Zabelin calls bolt-on deals where larger companies buy smaller startups to enhance their own future valuations, hoping to enhance their value ahead of a future sale or IPO.
“That also has to do with the current liquidity conditions in the macro environment,” Zabelin said.
Outside of AI, activity is slow. U.S. fintech funding dropped 42% in the first half of the year to $10.5 billion, according to Tracxn. Cloud software and crypto have also seen sharp pullbacks.
Zabelin said IPO activity could pick up if economic conditions improve and if interest rates come down. Investors clearly want opportunities to back promising AI companies, he said.
“The appetite for AI, specifically vertical applications, will continue to remain robust,” Zabelin said.
— CNBC’s Kevin Schmidt contributed to this report.
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