China's ALL NEW $10,000 EV Car SHOCKS The Entire EV Industry!

[Music] difficulties to popularize electric vehicles here in Brazil is their price byg is trying to break this barrier Elon musk's dream of an affordable 25 000 electric car just got upstaged China's all-new ten thousand dollar electric vehicle has sent shock waves through the entire EV industry you will be amazed as we delve into the features of this game-changing car that is set to revolutionize the market but how did China manage to create such an affordable electric car what features does it offer join us as we unravel the secrets behind China's electrifying Innovation as governments and car makers worldwide invest in zero emission models electric vehicles are becoming more popular and affordable in fact according to the International Energy agency EVS are seen as a key solution to reduce greenhouse gas emissions from the transport sector which accounts for about a quarter of global carbon dioxide emissions the iea's global EV Outlook time 2023 report estimates that 14 million new EVS including both battery-only models and plug-in hybrids will be sold in 2023 marking a 35 increase from the 10 million units sold in 2022. this impressive growth can be attributed to several factors such as supportive policies technological innovation cost reduction consumer preference and environmental awareness among all the markets China has emerged as the hottest market for EVS it's not only the largest market for EVS but also the trendsetter in the industry in 2022 China accounted for almost two-thirds of all electric car sales this dominance is expected to continue in 2023 China's success in the EV Market can be attributed to its subsidy programs that support EV purchases and regulations mandating a minimum share of EVS in new car sales in this highly competitive market one Chinese company stands out for its impressive achievements byd or bring in your dreams founded by Wang Chuan Fu a chemist in 1995 byd started as a rechargeable battery manufacturer in 2003 byd acquired chinchuan automobile company a state-owned Enterprise and entered the automobile business as a subsidiary named byd Auto since then byd has expanded its product portfolio and Market presence becoming one of the leading electric car makers in China in the world byd's ownership structure is complex and diversified involving multiple shareholders subsidiaries and joint ventures according to its 2021 annual report the largest shareholder is Wang chuang Fu himself with 17.6 percent of the company's shares Liu Shang Yang a relative of Wang and a co-founder of byd holds 13.5 percent of the shares other notable shareholders include Berkshire Hathaway the Investment Company of Warren Buffett which owns 7.7 of the shares byd has made significant strides in the electric vehicle Market in 2022 they increased their production Target for battery electric vehicles and plug in hybrid electric vehicles from 1.2 million to 1.5 million units reflecting their strong growth and ambition according to data from the China passenger car Association byd sold a staggering 911 141 vevs and 952 353 phevs in 2022 these numbers represent a massive 184 percent increase in Bev sales and a 237 percent increase in phev sales compared to the previous year now let's talk about byd's latest game changing model the byd seagull priced at an unbelievably affordable ten thousand dollars the byd seagull is Making Waves in the industry this remarkable EV offers an impressive range of features and Technology challenging the notion that electric vehicles are only for the affluent it raises questions about the future of Eevee affordability and whether other manufacturers including Elon Musk will come up with equally groundbreaking plans to produce more affordable EVS now let's delve into more detail about byd's success in the electric vehicle market and the features and specifications of the byd seagull byd's achievement of reaching 1863 494 units of Nev sales in 2022 a 209 increase from the previous year is a testament to their strong position in the market one of the key factors contributing to their success is their diverse product portfolio byd offers a wide range of electric vehicles catering to different segments and consumer preferences this includes small cars SUVs and sedans allowing them to capture a larger market share the popularity of byd's electric vehicle models such as the song plus the Yen the dolphin and the seal also plays a significant role in their success s these models have gained recognition and appreciation from consumers for their design performance and features byg's ability to provide a variety of appealing options contributes to their Market competitiveness and Broad customer appeal technological innovation is another crucial aspect of byd success the company develops its own batteries Motors and Power Electronics allowing them to have greater control over the design quality and performance of their electric vehicles this vertical integration gives byd an advantage over competitors by ensuring seamless integration of components and optimizing the overall efficiency and reliability of their vehicles supportive policies and subsidies have played a significant role in byd's success in the Chinese market since 2009 the Chinese government has implemented various measures such as Financial subsidies tax breaks license plate quotas public procurement and charging infrastructure development to promote the adoption of navs byd has effectively leveraged these policies to increase sales and expand its market share in China Beyond China byd's Global expansion strategy has contributed to their success they have ventured into overseas markets such as Europe Latin America and Africa where they not only sell electric cars but also electric buses and trucks this diversification of their product offerings allows byd to tap into different segments of the transportation sector and establish a strong presence worldwide now let's focus on the byd seagull introduced at the Shanghai auto show in April 2023 this electric Sub-Compact automobile is part of byd's ocean EV lineup joining other models like the dolphin and the seal the seagull caters to Urban Mobility needs and provides an affordable solution for City dwellers the seagull stands out with its impressive range of up to 252 miles or 405 kilometers on a single charge offering practicality and convenience for daily commutes its starting price of approximately ten thousand eight hundred dollars makes it an attractive option for budget conscious consumers one notable feature of the seagull is its innovative sodium ion battery technology this technology aims to reduce costs while improving performance especially in cold temperatures by utilizing sodium ion batteries byd aims to enhance the overall efficiency and range of the seagull making it a viable option even in challenging weather conditions in terms of design the seagull exhibits striking Aesthetics that incorporates sharp lines curved headlamps and a sloping roof line giving it a sporty and dynamic appearance the rear end features a spoiler and a diffuser adding to the overall stylish look of the car the front fascia maintains a sleek and minimalist design featuring a small Grille and The prominent byd emblem with its compact Dimensions measuring 3780 millimeters long 1715 millimeters wide and 1540 millimeters tall the seagull is suitable for maneuvering through crowded Urban environments the flared wheel arches and black cladding enhance its Dynamic side profile further adding to its sporty appeal while the byd seagull competes with other electric subcompact cars in the Chinese market such as the Tesla Model 2 Neo e25x and Pang P5 it distinguishes itself through its affordability practical range and Innovative sodium ion battery technology byd's focus on providing cost-effective Solutions while maintaining high quality standards positions the seagull as a compelling option for consumers seeking an electric vehicle for urban Mobility available in a variety of colors including white black blue red and yellow the seagull offers options to suit every taste and preference but what about the interior step inside and you'll find a roomy and modern cabin with a two-tone appearance and a flowing dashboard board it comfortably accommodates up to four passengers providing ample Headroom and leg room despite its compact size one standout feature of the seagull is its large 12.8 inch touchscreen infotainment system this high-tech display can swivel to adapt the viewing angle with a push of a button allowing for optimal visibility it supports navigation audio streaming voice control and smartphone connectivity ensuring you stay connected and entertained on your Journeys the seagulls computerized instrument cluster measuring 5 inches in diameter provides essential information such as speed battery level driving mode and range with a glance you can stay informed about your vehicle's performance the steering wheel is equipped with multi-function buttons pedal shifters for regenerative braking a rotary knob for gear selection and various physical controls for climate control and other settings everything you need is conveniently located within reach under the hood the byd seagull offers two options for its elect motor a 55 kilowatt or a 75 kilowatt motor both Motors are positioned on the front axle powering the front wheels through a single speed gearbox the 55 kilowatt motor accelerates the seagull from zero to 100 kilometers per hour in 11 seconds with a top speed of 103 kilometers per hour the 75 kilowatt motor delivers even more power propelling the seagull from zero to 100 kilometers per hour in nine seconds with a maximum speed of 150 kilometers per hour when it comes to the battery the byd signal offers two options a 30 kilowatt hour lithium-ion phosphate sodium ion battery or 38 kilowatt hour lithium ion phosphate battery these batteries are part of byd's Blade Battery Technology which utilizes thin cells arranged in an array to increase energy density and safety the 30 kilowatt hour battery which employs the sodium ion chemistry offers advantages such as reduced cost and improved thermal stability and better performance in cold conditions it provides an nedc range of up to 190 miles and can be charged from 30 to 80 percent in just 30 minutes sodium ion batteries an alternative to traditional lithium ion batteries have gained attention for their lower cost higher thermal stability and better performance in cold temperatures byd has been investing in sodium ion battery development since 2012 as part of their commitment to improving Battery Technology and reducing dependence on lithium Resources by utilizing a hybrid of sodium ion and lithium-ion cells byd aims to strike a balance between cost and performance one of the most appealing aspects of the byd seagull for Chinese buyers is the favorable government incentives buyers can pay less than the advertised price of around ten thousand dollars thanks to incentives such as a 10 Purchase Tax exemption until the end of 2023 those incentives have contributed to the seagull's success with over 2 ten thousand pre-orders received within the first 24 hours of its debut while initially targeting the Chinese market byd has exported other electric models to overseas markets as of April 2023 there's no official announcement regarding the export of the seagull to markets like the us or Europe however given byd's history of exporting electric vehicles there may be hope for byd fans outside China who are eager to get their hands on this affordable and Efficient Electric car that pretty much wraps this video up guys thanks for watching so do you think Elon Musk will unveil another stroke of Genius to deliver an even more affordable electric car share with us in the comments below make sure you subscribe to this Channel with a bell notification if you enjoy watching our content we upload some 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Channel: Space Matter

Views: 380

Keywords: ford’s announcement shocks the entire car industry, byd cheapest electric car shocks the entire industry, 000 electric truck shocks the entire ev industry! | huger news, china's revolutionary $10, automotive industry, chinas infrastructure from the future, china infrastructure, interest rates, china all new $10, ev market in china, interesting facts, ev production china, electric cars china, squawk on the street, #interestingfacts, stationary batteries

Id: MSsorz6uQC8

Length: 13min 5sec (785 seconds)

Published: Mon Jul 03 2023