Etiqueta: Volkswagen

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.

German auto giant Volkswagen has announced plans to develop a low-cost electric vehicle (EV) model to compete in the growing EV market.

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.

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

BYD has launched a new hybrid powertrain capable of traveling more than 2,000 kilometers on a single charge and fuel fill-up. Debuting in the Qin L and Seal 06 sedans, this innovation addresses range anxiety and sets a new benchmark in the EV market.

China's BYD unveiled its fifth-generation plug-in hybrid technology, achieving record-low fuel consumption and a 2,100 km range.

NEVs are now mainstream in the country, BYD Chairman Wang Chuanfu claimed on Tuesday, citing official figures.

“While new launches should boost wholesale volume, we would monitor whether it could spark another round of price competition,” Morgan Stanley said.