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Chinese EV maker BYD has unveiled its budget-friendly Dolphin Surf in Berlin, intensifying competition in Europe's electric car market with prices starting at just €19,990.
Chinese electric vehicle manufacturer BYD introduced its low-cost Dolphin Surf model in Berlin on Wednesday, marking the company’s tenth EV launch in Europe. The new release is expected to intensify pressure on European automakers to provide more affordable electric alternatives.
The Dolphin Surf will be offered in three variants, starting at €22,990 (approximately $26,100) with a range of 322 kilometers, and going up to €24,990 for a model offering up to 507 kilometers of driving range. However, until the end of June, all three versions will be available at discounted prices ranging from €19,990 to €24,990, according to BYD’s sales chief, Patrick Schulz.
The competitive pricing highlights a growing challenge for European manufacturers: cost remains a significant barrier to broader EV adoption. The Dolphin Surf enters a market where only a few models, such as the Dacia Spring and Leapmotor’s T03, fall below the €20,000 price mark.
Industry analysts note that 2025 will see the launch of at least 11 new electric models priced under €25,000 in Europe, including major releases like Volkswagen’s ID.2, the Renault R5, the Fiat Grand Panda, and the Hyundai Inster. BYD’s latest move is likely to accelerate the trend toward affordable electrification in the European market.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
The European Union will drastically reduce imports of Ukrainian wheat and sugar, by up to 80%—to protect its farmers, a move expected to shift Ukraine's exports toward Asia and Africa.
The Bank of England has launched a public consultation on future banknote designs.
Unexpected weakness in Germany's manufacturing orders in May signals ongoing uncertainty in industrial demand, despite a yearly rise and sector-specific gains.
Oil futures fell on Friday after Iran reaffirmed its commitment to nuclear non-proliferation and amid expectations that major producers are set to agree to raise their output this weekend.
Russia actively shifted its trade focus away from Europe and the United States, redirecting it toward markets in friendly countries—primarily China, India, Central Asia, Africa, and the Middle East. The share of these countries in Russia's foreign trade has increased from 46% to 82%.
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