BYD Co. debuted its costliest automobile on Sunday, a 1.68 million yuan ($233,450) high-performance fully-electric supercar pitted towards gas-guzzling choices provided by rivals equivalent to Ferrari NV and Lamborghini.
The Yangwang U9 will initially be for the China market, the corporate mentioned at a live-streamed occasion in Shanghai. The automobile can hit 100 km/h (62 mph) in 2.36 seconds and attain a high pace of 309.19 km/h, it mentioned.
Learn extra: BYD unveils $230,000 supercar and $14,000 hatchback in same week
BYD turned the largest EV vendor globally, overtaking Tesla within the final quarter of 2023. Whereas it’s higher identified for making inexpensive EVs, the corporate markets its luxurious fashions below the Yangwang and Fang Cheng Bao manufacturers.
With a post-Lunar New 12 months worth conflict looming in China, the Shenzhen-based large is betting there stays a marketplace for high-end merchandise which ship higher margins.
Different pricey EVs below the Yangwang model are as a consequence of launch later this yr in China together with a luxurious sedan that can price round 1 million yuan.
Yangwang began delivering vehicles in late November. It has one manufacturing mannequin to date, a luxurious sports activities utility car often called the U8 which prices 1.1 million yuan. The corporate has delivered 3,653 items as of the tip of January.
— With help from Ocean Hou
