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The number of shares BYD plans to buy back is about 0.05 percent of its total issued share capital and will be used for cancellation to reduce registered capital. BYD (HKG: 1211, OTCMKTS: BYDDY) will buy back RMB 400 million ($55.6 million) of its shares traded on China’s A-share market, following a significant drop in share price over the past year. The Shenzhen-listed new energy vehicle (NEV) maker announced the buyback plan in a stock exchange announcement today, saying the buyback price will not exceed RMB 270 per share. BYD rose 0.43 percent to RMB 191.65 by the close of…
Photo by Los Muertos Crew on Pexels.com The US added a record-setting 32.4 gigawatts (GW) of solar capacity in 2023, according to a new report, but 2024 will bring challenges to the industry. March 5, 2024: That’s a 37% increase from the previous record set in 2021 and a 51% increase from 2022. It’s the first time in 80 years that a renewable electricity source has accounted for over half of annual capacity additions to the grid. According to the US Solar Market Insight 2023 Year-in-Review released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, solar accounts…
BYD has launched an updated version of the Seagull, lowering the starting price to RMB 69,800, or about $9,700. (Image credit: BYD) BYD (HKG: 1211, OTCMKTS: BYDDY) has rolled out an updated version of the Seagull, lowering the price of its least expensive model even further in its latest round of model updates. The new energy vehicle (NEV) maker today launched the Seagull’s Glory Edition at a starting price of RMB 69,800 ($9,700), down RMB 4,000, or 5.42 percent, from the previous starting price of RMB 73,800. BYD launched its latest round of model updates on February 19 with the…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! It’s highly ironic — electric vehicles are much safer than gasoline-powered vehicles, yet there’s constant media coverage hyping up the opposite idea (that electric vehicles are not safe). Thus, there’s great public concern over the safety of electric vehicles (EVs), especially their batteries. While there are some issues to be aware of and careful about when it comes to EVs, this core point should be emphasized much more in order to help raise consumer awareness and help consumers make better choices: electric vehicles are…
Volvo Cars USA reports that its car sales in the United States amounted to 7,920 in February, down 7.4% year-over-year. Meanwhile, Volvo’s plug-in electric car sales improved slightly last month, but that’s only thanks to plug-in hybrids. All-electric car sales decreased massively, similar to what happened in January. Get Fully Charged Volvo electrification hit a new record in 2023 In 2023, Volvo sold in the U.S., a record number of over 35,000 plug-in electric cars (up 28% year-over-year), including a record number of 13,609 all-electric cars (up 86% year-over-year). Between 2023 and 2030, the brand’s BEV share is expected to…
The upcoming 2024 Honda Prologue has been officially listed by the IRS among electric cars eligible for the full $7,500 federal tax credit. That’s a substantial advantage, which represents roughly 15% of the vehicle’s base MSRP of $47,400. When including the $1,395 destination charge and deducting the tax credit, the effective starting price is $41,295. Get Fully Charged 2024 Honda Prologue The Prologue is Honda’s first all-electric model in the U.S., excluding some very limited, compliance projects from the past. The car is based on the General Motors’ Ultium platform. Since the Honda Prologue does qualify for the $7,500 federal…
BMW is offering a $1,000 discount to Tesla and other EV owners to switch to its EVs. The carmaker is offering this incentive under the fancy marketing term of “2024 BEV Conquest Program.” Cars Direct first reported the news and said that the German automaker sent a bulletin to dealers last week, informing them of a $1,000 discount to buyers walking into BMW showrooms if they switched to an i4, i5, i7, or iX. Get Fully Charged BMW’s discounts as BEV demand falls behind expectations. BMW plug-in cars accounted for a record 12.5% of its U.S. sales in 2023, with…
Polestar (PSNY) has been clear about its belief in an all-electric future. The company’s CEO, Thomas Ingenlath, is now calling out rivals for pulling back on EV plans, saying they are falling into a “trap” and they will be left behind as the industry transitions. Shortly after securing $1 billion in funding last week, Polestar plans to expand the brand into new markets. Polestar has two high-margin electric SUVs, the Polestar 3 and 4, launching this year in key markets. The Polestar 4 went on sale in Europe and Australia last month with up to 379 mi WLTP range, with…
As advanced as electric cars are, it’s stunning how terrible it is to charge an EV. Instead of drivers chowing down snack-sized finger sandwiches and oat milk lattes envisioned by some enterprising futurists, the reality of the modern EV charging experience is often long lines, semi-functional equipment, compatibility issues and endless payment apps. And no matter the charging brand, the driver will probably be exiled to the back of a strip mall parking lot or a desolate city center, leaving them to trifle with a charger that might not even work. Although any random charger in the back of a parking…
Nissan cuts the price of the Ariya. Ford gives its E-Transit vans more range. And Dodge reveals its electric muscle car. This and more, here at Green Car Reports. Ready for a very different kind of EV? The 2024 Dodge Charger Daytona EV has been revealed, and it gives a decidedly muscle-car spin to the brand’s EV future. Range and efficiency take the backstage to performance, and this EV’s gonna make a lot of noise—and maybe vibration. The 2024 Nissan Ariya costs a lot less than the 2023 model. Price cuts of $3,600 for the base Engage version with the…