bZ3 is Toyota outside and BYD inside. Price at dealer start even lower at 22,300 USD.
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Category: BYD
The dual-currency counter model will provide BYD shareholders and potential investors with a new trading currency option that could further enhance the liquidity of its shares, BYD said.
BYD Company Limited (1211.HK) has applied to the Hong Kong Stock Exchange (HKEX) for a dual-currency counter that would allow investors to trade its shares in RMB in addition to the Hong Kong dollar, according to a stock exchange announcement.
The move is intended to express support for the HKEX's introduction of a dual Hong Kong dollar-RMB counter model and the nationalization of the yuan, the new energy vehicle (NEV) giant said in the announcement today.
The HKEX said in December it would introduce the new dual-counter trading model starting in the first half of 2023.
Other companies listed in Hong Kong, including Baidu, Tencent, JD.com, and have also applied to the HKEX for dual currency counters.
The HKEX said last month that the dual-currency counter was introduced to further promote the internationalization of the yuan.
The dual-currency counter model will provide BYD shareholders and potential investors with a new choice of trading currency, enhancing trading convenience and flexibility while further enhancing the liquidity of its shares, BYD said.
With the launch of the dual-currency counter model, it will be possible for investors to purchase Hong Kong shares directly in RMB.
Previously, for investors participating in the Hong Kong-mainland stock connect mechanism, they had to bear the risk of exchange rate movements of RMB against Hong Kong dollar during their holding of Hong Kong stocks.
Introducing yuan pricing in the stock connect mechanism could reduce some of the exposure to exchange rate fluctuations in Hong Kong stock investments, CICC said in a research note last month.
It is also expected to allow the trading facility to attract more yuan funds, which in turn would boost trading activity and volume, CICC said.
BYD officially launches Seagull to expand its presence in China's EV market
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The price war continues in China; even hot&budget cars are not omitted. It's basically a 5000 yuan discount before deliveries even start.
The post BYD Seagull hits the market for 10,700 USD, 6% less than what was announced last week appeared first on CarNewsChina.com.
BYD has officially launched the Seagull with a starting price of just RMB 73,800, after starting pre-sales of the Yangwang U8, which costs over RMB 1 million, last week.
(Image credit: CnEVPost)
The price range covered by BYD's product array is seeing an unprecedented expansion, with the official launch of a new model priced as low as RMB 73,800 ($10,660), after the Yangwang U8 started pre-sales for more than RMB 1 million.
The Chinese new energy vehicle (NEV) giant officially launched the micro battery electric vehicle (BEV) model BYD Seagull, the latest addition to its Ocean series, at a launch event today.
The car is available in three versions with starting prices of RMB 73,800, RMB 78,800 and RMB 89,800 respectively.
BYD unveiled the Seagull and started its pre-sales on the first day of the Shanghai auto show on April 18, with the three versions priced at RMB 78,800, RMB 83,800 and RMB 95,800 respectively.
The company's final pricing announced today means that the starting prices for all three versions are RMB 5,000, RMB 5,000 and RMB 6,000 lower than the pre-sale prices.
(Image credit: CnEVPost)
The Seagull is an A0-class EV based on BYD's e-Platform 3.0 with a length, width and height of 3,780 mm, 1,715 mm and 1,540 mm, respectively, and a wheelbase of 2,500 mm.
The model is powered by a permanent magnet synchronous motor with a maximum power of 55 kW and peak torque of 135 Nm, accelerating from 0 to 50 km/h in 4.9 seconds.
The vehicle is available in two range versions with blade battery capacities of 30.08 kWh and 38.88 kWh, which provide a CLTC range of 305 km and 405 km, respectively.
The BYD Seagull supports fast charging, taking 30 minutes to charge from 30 percent to 80 percent.
For BYD, the Seagull will likely be a model of strategic importance, especially when compared to the high-end Yangwang models.
Prior to 2020, BYD was targeting mainly the RMB 100,000 to RMB 200,000 NEV market, as there were huge barriers for local Chinese car companies to enter the mid- to high-end market at the time.
With the launch of the BYD Han in the second half of 2020, BYD began to gradually expand its presence in the RMB 200,000 to 300,000 range.
In the fourth quarter of last year, the BYD Han, which primarily targets the RMB 200,000 to 300,000 yuan range, sold more than 30,000 units each month.
As BYD gradually gained a foothold in the mid- to high-end market, the company began to move into the higher price range, announcing the Yangwang brand and the brand's first two models, the U8 off-road SUV and U9 supercar, on January 5.
On April 18, Yangwang started the pre-sales of the U8 at the Shanghai auto show, with a pre-sale price of RMB 1,098,000.
In addition to the Yangwang brand, BYD also has the Denza and the yet-to-be-launched F brand, targeting a market with prices above RMB 300,000.
The importance of the Seagull is that it allows BYD's products to cover a lower price range and thus a broader market than these premium models.
In 2022, the price range of RMB 100,000 to RMB 150,000 accounted for 6.68 million retail sales in China, contributing 33 percent of all passenger car sales, according to data released last month by the China Passenger Car Association (CPCA).
Models in the price range of RMB 50,000 to RMB 100,000 sold 3.84 million units at retail in China last year, ranking second with a 19 percent share, according to the CPCA.
The Seagull, currently BYD's lowest-priced model, is targeting a market that the NEV maker has not previously entered but has extensive space.
(Image credit: CnEVPost)
The BYD brand's product array includes the Dynasty and Ocean series, with the former's lowest-priced model being the Qin, which starts at RMB 99,800, and the latter's Dolphin, which starts at RMB 116,800, before the Seagull was launched.
BYD sold 207,080 NEVs in March, including 40,850 units of the Qin family and 30,077 units of the Dolphin, data monitored by CnEVPost showed.
The Seagull's lower prices are expected to meet the demand of younger demographics as well as some families for a second vehicle, helping BYD reach its aggressive sales target this year.
BYD sold 1,868,543 vehicles in 2022, including 1,863,494 NEVs. The company discontinued production and sales of vehicles powered entirely by internal combustion engines in March 2022.
BYD aims to sell at least 3 million vehicles this year and will strive to reach 3.6 million, the company's chairman and president Wang Chuanfu said at an investor conference late last month.
BYD aims to become the No. 1 automaker in China by the end of this year, Wang said at the time.
The Seagull is expected to be another hot seller in the Chinese EV market, judging by its pre-sale performance.
The model received more than 10,000 orders 24 hours after pre-sales began, BYD said on April 19.
($1 = 6.9212 RMB)
BYD Seagull key specs
| Launch Price (RMB) | 73,800 | 78,800 | 89,800 |
|---|---|---|---|
| Pre-sale Price | 78,800 | 83,800 | 95,800 |
| Dimensions | 3,780×1,715×1,540 mm | ||
| Wheelbase | 2,500 mm | ||
| Max Motor Power | 55 kW | ||
| Max Motor Torque | 135 Nm | ||
| 0-50 km/h | 4.9 seconds | ||
| CLTC Range | 305 km | 305 km | 405 km |
| Battery Capacity | 30.08 kWh | 30.08 kWh | 38.88 kWh |
| 30%-80% Charging | 30 minutes | ||
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Denza is 90% BYD and 10% Mercedes-Benz
The post BYD’s Denza N7 SUV received 10,500 preorders in seven days appeared first on CarNewsChina.com.
Denza is 90% BYD and 10% Mercedes-Benz
The post BYD’s Denza N7 SUV received 10,500 preorders in seven days appeared first on CarNewsChina.com.
Denza has yet to announce the price of the N7, though it is expected to target the RMB 400,000 market.
(Image credit: Denza)
The N7 SUV, a new model of BYD's premium new energy vehicle (NEV) brand Denza, seems to have gained good initial acceptance.
The Denza N7 has already received 10,569 pre-orders, just seven days after pre-orders open, it said today on Weibo.
Denza opened reservations for the N7 on the first day of the Shanghai auto show on April 18, but notably, its pricing information was not released.
Several hours after pre-sales began, Denza announced that the N7 had received 5,367 pre-orders in its first six hours.
Although the price of the N7 was not announced, Zhao Changjiang, general manager of Denza's sales division, said on Weibo on December 20 that the SUV aims to capture the market for traditional internal combustion engine cars priced around RMB 400,000 ($57,900).
The Denza N7 measures 4,860 mm in length, 1,935 mm in width and 1,602 mm in height, and has a wheelbase of 2,940 mm, according to the model's previous regulatory filing.
(A Denza N7 on display at the 2023 Shanghai auto show. Image credit: CnEVPost)
The model will be available in a single-motor version as well as a dual-motor version, with the former having a peak motor power of 230 kW and the latter having an additional motor with a peak power of 160 kW.
On March 26, Zhao said on Weibo that with the announcement of Denza's partnership with French high-end audio brand Devialet on March 22, there were many customers who wanted to get the Denza N7 launched and available as soon as possible.
Based on inquiry volume data, the model is expected to receive 30,000 orders before its mid-year launch, Zhao said at the time.
Zhao said in February that the Denza N7 would be launched in the first half of this year.
Denza is a joint venture set up by BYD and Daimler in February 2011, when they each held a 50 percent stake in the company. Last year, BYD's stake in Denza was increased to 90 percent.
Denza's only model currently on sale, the D9 MPV, was launched on August 23, 2022, with deliveries starting October 26.
The brand sold 10,398 vehicles in March, up 41.95 percent from 7,325 in February, according to figures it announced earlier this month.
($1 =RMB 6.9086)
Denza N7 expected to get over 30,000 orders before mid-year launch, exec says
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The BYD e2 was launched in early April and starts at $14,950.
The post New BYD e2 electric hatchback arrives at dealerships in China appeared first on CarNewsChina.com.
BYD is entering the electric pickup truck market.
The post BYD’s F-brand electric pickup spy shots reveal a massive logo on the grille appeared first on CarNewsChina.com.
BYD Seagull was unveiled and started pre-sale on April 18 with a pre-sale starting price of RMB 78,800 and received more than 10,000 orders in 24 hours.
(Image credit: CnEVPost)
BYD's (OTCMKTS: BYDDY) mini electric vehicle (EV) Seagull will officially launch in three days, and its performance in the pre-sale phase bodes well for strong future performance.
The new energy vehicle (NEV) maker posted a countdown to the Seagull's upcoming arrival on Weibo today, saying the model will be available on April 26.
In addition to the 3-day countdown image, BYD also shared a video of the Seagull, showing the exterior and interior details of the model.
BYD unveiled the Seagull and started pre-sales on the first day of the Shanghai auto show on April 18. The car is available in 3 versions with pre-sale prices of RMB 78,800 ($11,430), 83,800 and 95,800 respectively.
This is not the final price of the model, and BYD's previous practice was that the final price is slightly lower than the pre-sale price.
The Seagull received more than 10,000 orders 24 hours after pre-sales began, BYD said earlier this week.
(Image credit: CnEVPost)
The model, the latest addition to BYD's Ocean series, is an A0-class EV based on the e-Platform 3.0 with a length, width and height of 3,780 mm, 1,715 mm and 1,540 mm, respectively, and a wheelbase of 2,500 mm.
The BYD Seagull is powered by a permanent magnet synchronous motor with a maximum power of 55 kW and peak torque of 135 Nm, accelerating from 0 to 50 km/h in 4.9 seconds.
The car is available in two range versions, with the lower-priced two models having a CLTC range of 305 km and the highest-priced version having a range of 405 km.
The Seagull uses BYD's blade batteries with pack capacities of 30.08 kWh and 38.88 kWh respectively.
The car supports fast charging, taking 30 minutes to charge from 30 percent to 80 percent.
(Image credit: CnEVPost)
There were rumors last year that the Seagull would have a version with sodium-ion batteries, but this has not yet become a reality.
However, on April 20, local media outlet 36kr reported that CATL's and BYD's sodium-ion batteries will both be carried in production cars within the year, and they will both be a mix of sodium-ion and lithium-ion batteries.
BYD's sodium-ion battery will be in mass production in the second half of the year, and the first model to carry the battery will be the Seagull, the report said, citing a BYD source.
($1 = RMB 6.8935)
CATL, BYD's sodium-ion batteries both to be in mass production within this year, report says
(Image credit: BYD)
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