Chinese automaker BYD has unveiled its new electric supercar, the U9, under its luxury brand Yangwang, boasting a top speed of 309.19 km/h and acceleration to 100 km/h in 2.36 seconds, comparable to high-end models like Ferrari. Priced at $233,000, the U9 will be powered by the e4 Platform and BYD's DiSus-X Intelligent Body Control System, featuring a lithium iron phosphate battery. With ambitions for global expansion, BYD aims to open its first factory in Europe, while China remains a key market for its new-energy vehicles.
Chinese automaker BYD, backed by Warren Buffett's Berkshire Hathaway, has unveiled a high-end electric sports car, the Yangwang U9, priced at $233,450, designed to rival luxury brands like Ferrari and Lamborghini. At the same time, BYD also introduced a lower-priced version of its popular Dolphin hatchback, starting at $13,865. The company's versatility in producing both ultra-affordable and luxury vehicles has positioned it as a formidable competitor in the electric vehicle market, prompting Elon Musk to acknowledge their competitiveness. Despite facing challenges in a saturated market and international expansion, BYD's success has been attributed to its founder and chairman Wang Chuanfu's engineering and production talents.
Berkshire Hathaway, owned by Warren Buffett, has sold 2.53 million Hong Kong-listed shares worth $86.3 million in Chinese electric automaker BYD, reducing its holdings from 9.21% to 8.98%. Berkshire has been steadily selling shares since last August, despite investing $232 million for a stake in the company in 2008. BYD sold nearly 1.9 million cars last year including pure electrics, plug-ins and hybrids.
Chinese electric vehicle (EV) manufacturer NIO reported a better-than-expected adjusted loss in Q1 2023, indicating that deliveries are improving. The overall results were satisfactory, but it appears that things are better than investors had anticipated.
Chinese automaker BYD has launched an intelligent body control system called DiSus, which comes in four sets of vehicle control systems and can increase vehicle safety by adapting to everyday driving scenarios. The DiSus system will be installed in BYD's luxury off-road SUV, the Yangwang U8, and the automaker's Han, Tang, and Denza models. This is the first self-developed intelligent vehicle control system launched by a Chinese automaker.
