Per WSJ BYD is launching two new sedans with a 1,000 mile range.
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Chinese automaker BYD is rolling out cars capable of driving more than 1,300 miles without refueling or recharging, its latest effort to set itself apart from rivals in the world’s largest auto market.
The world’s biggest maker of electric vehicles late Tuesday launched two plug-in hybrid sedans with upgraded powertrains that it said give both a driving range of more than 2,100 kilometers, or more than 1,306 miles, on a full tank and full battery. That’s roughly the distance between New York City and Miami – a drive along I-95 that can take 19 hours.
Prices of the models, called the Qin L DM-i and the Seal 06 DM-i, start at 99,800 yuan ($13,775.21) and run up to 139,800 yuan, relatively low prices for the sedan segment in China.
The new powertrains are BYD’s fifth iteration since it launched its first plug-in hybrid model in 2008. The new versions cut fuel consumption to 2.9 liters per 100 kilometers, down from 3.8 liters per 100 kilometers in the previous version three years ago.
BYD’s Hong Kong-listed shares rose 5.3% Wednesday, making them the top gainer among Hang Seng Index constituents. Shenzhen-listed shares closed 8.35% higher, their largest one-day rise since September 2021.
Warren Buffett-backed BYD has been on a tear in recent months, passing Tesla as the world’s largest seller of electric vehicles, unveiling a Ferrari-esque sports car and its first pickups, and continuing to grow its top line and bottom line, despite ongoing price wars and stiff competition in China, the world’s most crowded EV market."
"
Chinese automaker BYD is rolling out cars capable of driving more than 1,300 miles without refueling or recharging, its latest effort to set itself apart from rivals in the world’s largest auto market.
The world’s biggest maker of electric vehicles late Tuesday launched two plug-in hybrid sedans with upgraded powertrains that it said give both a driving range of more than 2,100 kilometers, or more than 1,306 miles, on a full tank and full battery. That’s roughly the distance between New York City and Miami – a drive along I-95 that can take 19 hours.
Prices of the models, called the Qin L DM-i and the Seal 06 DM-i, start at 99,800 yuan ($13,775.21) and run up to 139,800 yuan, relatively low prices for the sedan segment in China.
The new powertrains are BYD’s fifth iteration since it launched its first plug-in hybrid model in 2008. The new versions cut fuel consumption to 2.9 liters per 100 kilometers, down from 3.8 liters per 100 kilometers in the previous version three years ago.
BYD’s Hong Kong-listed shares rose 5.3% Wednesday, making them the top gainer among Hang Seng Index constituents. Shenzhen-listed shares closed 8.35% higher, their largest one-day rise since September 2021.
Warren Buffett-backed BYD has been on a tear in recent months, passing Tesla as the world’s largest seller of electric vehicles, unveiling a Ferrari-esque sports car and its first pickups, and continuing to grow its top line and bottom line, despite ongoing price wars and stiff competition in China, the world’s most crowded EV market."