Etiqueta: Tank

Chinese automaker BYD (1211.HK) has launched hybrid vehicles with a 1,300-mile driving range for $13,800. Yahoo Finance's Alexandra Canal and Seana Smith break down the company's latest move and position in a heated EV race. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl

BYD has launched a new hybrid powertrain capable of exceeding 2,100 kilometres without the need for recharging or refueling. Announced during a live-streamed event in China on Tuesday (May 28), the innovation places BYD in direct competition with industry giants like Toyota Motor and Volkswagen in the electric vehicle market.

Asian equities were a sea of red, except for Mainland China, which was a rare positive equity market overnight.

BYD has introduced two cutting-edge plug-in hybrid sedans that can cover over 1,300 miles without the need for refueling or recharging,

BYD's record car sales in 2023 were still second to Volkswagen in China. With hybrid vehicles, BYD will challenge VW head-on this year.

BYD, China's prominent electric vehicle manufacturer, has unveiled its latest plug-in hybrid technology, escalating the competition with gasoline-powered rivals such as Toyota and Volkswagen. The fifth generation of this innovative technology, launched on Tuesday, boasts a record-low fuel consumption of 2.9 litres per 100 kilometres (62.1 miles) when operating solely on the gasoline engine with a depleted battery.

China's BYD (002594.SZ) unveiled a new tab on Tuesday, introducing the most recent plug-in hybrid technology that increases fuel efficiency and reduces costs.

The Seal 06 and Qin L are the first models to get the company’s 5th-generation PHEV tech.

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.

Plug-in hybrids priced from 79,800 yuan ($11,014) have made up the bulk of BYD's sales in the past three years