BYD launches budget-friendly Dolphin Surf EV in Europe
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.
China's new energy vehicle (NEV) market saw impressive growth in February, with sales hitting 686,000 units. This increase highlights the country's strong push toward electrification, driven by government incentives, improved infrastructure, and growing consumer demand.
China's new energy vehicle (NEV) market continues its rapid expansion, with sales reaching 686,000 units in February, marking a significant year-on-year increase. This surge reflects the country's strong push toward electrification, bolstered by government incentives, improving infrastructure, and increasing consumer acceptance.
New energy vehicles (NEVs) encompass a broader category of electrified vehicles compared to pure electric vehicles (EVs). NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles (FCEVs), whereas EVs specifically refer to BEVs that operate solely on electric power without an internal combustion engine. The differentiation is critical as it highlights the diverse technological pathways contributing to China's green transportation shift. While EVs have dominated the NEV segment, PHEVs are gaining traction, offering consumers flexibility with their dual powertrain systems.
China's NEV market is experiencing dynamic growth, with a nuanced balance between EVs and other NEV categories. Battery electric vehicles (BEVs) remain the dominant force in the NEV segment, accounting for approximately 75% of total NEV sales in February. Plug-in hybrid electric vehicles (PHEVs) have seen a steady rise, constituting around 23% of NEV sales, driven by consumers who value extended range without reliance on charging infrastructure. Fuel cell vehicles (FCEVs) remain a niche market, with limited adoption due to high costs and infrastructure constraints.
Urban consumers prefer BEVs due to their zero emissions, lower operating costs, and government incentives such as purchase subsidies and registration benefits. PHEVs appeal to consumers in suburban and rural areas where charging infrastructure is less developed, offering the security of a backup gasoline engine. FCEVs are primarily targeted at commercial applications, particularly in logistics and public transport, where hydrogen refueling stations are more strategically located.
Government policies continue to favor BEV adoption with aggressive charging infrastructure expansion and subsidies. PHEVs benefit from relaxed restrictions in regions with slower charging network deployment. Hydrogen fuel cell technology is receiving targeted investments, though its growth remains slow compared to EVs and PHEVs.
With China leading the global shift towards electrified transportation, the NEV sector is expected to sustain its momentum. The government’s commitment to achieving carbon neutrality by 2060 and ongoing investments in battery technology, charging networks, and hydrogen infrastructure will shape the market's trajectory. As NEV sales continue to rise, competition among automakers will intensify, driving innovation and affordability in the sector. While EVs are likely to remain the frontrunners, the role of PHEVs and FCEVs will be instrumental in complementing China's comprehensive electrification strategy.
On May 28, the inauguration ceremony of Lachin International Airport was held.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
President Donald Trump announced that he will increase steel tariffs from 25% to 50%, a move that could push up costs for industries relying on steel, including housing and auto manufacturing.
U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
Volkswagen is negotiating directly with the U.S. government to ease tariffs in exchange for deeper investment commitments.
Wall Street futures slipped as a surprise court ruling brought back most of Trump-era tariffs, shaking investor confidence heading into month-end.
Model Hailey Bieber is selling her skincare brand Rhode to e.l.f. Beauty in a deal worth up to $1 billion (£790 million), with plans for international expansion and continued viral success.
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