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63-562: The U9 was developed by German car designer Wolfgang Egger , who previously served as a head designer for Alfa Romeo , Audi and Lamborghini and began working for BYD in 2017. The U9 was first introduced on 6 April 2023, and went on sale in February 2024. Mass production officially started on 16 August 2024. The U9 achieved an uncertified Nürburgring Nordschleife lap time of 7 minutes and 17.9 seconds in November 2024. It also achieved

126-540: A 1 ⁄ 4  mi (402 m) drag race time of 9.78 seconds. The U9 is built with an 800V electrical architecture, with a maximum DC charging power of 500 kW. The charging duration between 30% and 80% is 10 minutes. The U9 also supports dual charging, or plugging in two chargers simultaneously to increase charging speed. Like the U8, the U9 features BYD's proprietary "e" (易四方) individual wheel drive system, which enables

189-447: A Denza Z9 , rolled off the assembly line, making BYD the first automaker globally to reach 10 million new energy vehicle cumulative production. BYD Auto's original logo was used between 2003 and 2007. According to the company, the blue and white colours represent the sky and the clouds respectively. The logo was criticised due to its resemblance to the BMW roundel . It was replaced with

252-570: A fleet vehicle for governments, banks and other institutions, until retail sales started in March 2010 when the Chinese government started granting subsidies for new energy vehicles. The vehicle had low sales, with only 100 units sold by 2011. In January 2009, BYD introduced its first production battery electric vehicle, the e6 at the 2009 North American International Auto Show in Detroit . It

315-548: A memorandum of understanding . Volkswagen withdrew from the partnership after some due diligence . In 2009, BYD started producing battery electric buses as part of a pilot scheme initiated by the Chinese government. It signed a deal to supply 1,000 BYD K9 electric buses to the Hunan Government in China. The buses have a range of 305 km (190 mi) per charge with a top speed of 70 km/h (43 mph),

378-656: A state-owned defense company Norinco . The company was acquired for HK$ 269 million in exchange for a 77% stake, shortly after BYD raised HK$ 1.6 billion on the Hong Kong Stock Exchange in July 2002. The acquisition was met with disapproval from shareholders, as the plan was not disclosed in the prospectus . Wang Chuanfu acquired Qinchuan with the intention of developing battery-powered electric vehicles, leveraging BYD's expertise in battery manufacturing. As Qinchuan had been manufacturing cars since 1987,

441-578: A 36% market share in the new energy vehicle segment in China as of September 2023. BYD introduced its first vehicle equipped with the Blade battery , the BYD Han large sedan, in early 2020. The Han went on sale in July 2020 with an option of plug-in hybrid electric (Han DM) and battery electric (Han EV) variants. The range-topping variant of the Han EV was claimed to be the fastest electric car in China, while

504-469: A BJ6490D, an electric car made by Beijing Second Auto Works that was built off an imported knock-down kit of the Holden Commodore VN station wagon. The BJ6490D was powered by golf cart batteries, with a range of about 100 km (62 mi) and a top speed of 92 km/h (57 mph). Later, BYD acquired a second BJ6490D, which was subsequently converted into a hybrid vehicle. At

567-632: A campaign titled "Together, we are Chinese autos" ( Chinese : 在一起，才是中国汽车 ). The call was welcomed by the CEOs of Nio and Li Auto . On 9 January 2024, BYD's first roll-on/roll-off cargo ship , named "BYD Explorer No.1", was delivered and left the construction base in Longkou , Shandong province . The 200 m (660 ft)-long ship arrived at Yantai Port on the same day, before heading to Shenzhen for loading cars for exporting to Europe . According to China International Marine Containers (CIMC),

630-521: A charging time of six hours and 50% fast charging in 30 minutes. In 2010, BYD Auto Industry Co., Ltd. and Daimler AG, now known as Mercedes-Benz Group AG , formed a 50-50 joint venture named Shenzhen BYD Daimler New Technology with a brand named Denza to focus on research and development of new energy vehicles. The brand showcased a concept car called the Denza EV at Auto China in April 2012. Denza

693-681: A factory in Turkey, which is part of a customs union with the EU. The factory will have an annual production capacity of 150,000 vehicles. An agreement between BYD CEO Wang Chuanfu and Turkey's Industry and Technology Minister Mehmet Fatih Kacır was signed on 8 July 2024. BYD entered the Australian market in 2022 through a partnership with EVDirect, a local distributor that is a subsidiary of ASX -listed company MotorCycle Holdings. Both companies signed an agreement in February 2021. The company showcased

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756-545: A few years, BYD Auto created its own engines by improving Mitsubishi Motors engine blueprints. During its early years, BYD Auto achieved growth by reverse engineering competitors products and supplier parts, and maintaining strong control over costs. The first mass-produced passenger car from BYD, the BYD F3 is considered "a copycat" of the Toyota Corolla . The BYD F0 small car was described as "a clear copy" of

819-866: A global strategic partnership with Game Science 's action role-playing game Black Myth: Wukong , becoming its exclusive automotive brand partner. BYD started exporting its cars in 2005 to Russia, when the company introduced the BYD Flyer hatchback at the 2005 Moscow International Motor Show. In 2009, BYD started exporting cars to Africa, South America, and the Middle East. At that time, BYD cars competed on price instead of quality. Since 2021, BYD started expanding its global presence rapidly by prioritizing exports of passenger electric vehicles. Beginning in 2022, BYD has committed to producing right-hand drive versions of several battery electric passenger models for exports to left-hand traffic countries such as Australia,

882-652: A head designer for the European luxury car brands Alfa Romeo , Audi and Lamborghini , and currently as the head designer for Chinese electric vehicle manufacturer BYD Auto . Egger was born in Oberstdorf , Germany , and studied design at the International College of Arts and Sciences in Milan , Italy . In 1989, he graduated as an industrial designer. Egger began his professional career in 1989 in

945-437: A sharp decline in net profit over three consecutive years. In 2019, the company's net profit dropped to only CN¥1.6 billion. During this period, Wang Chuanfu, stated that the company's primary goal was merely "to survive". BYD experienced a substantial surge in vehicle sales from 2020 to 2023. The company sold 3,024,417 vehicles globally in 2023, a seven-fold increase compared to the 2020 figure of 427,302 vehicles. The increase

1008-498: A straight-line top speed of 391.94 km/h (243.54 mph), making it the fastest Chinese car in serial production. The U9 is equipped with four electric motors providing a total power output of 960 kW (1,290 hp) and a maximum range of 450 km (280 mi) on the China Light-Duty Vehicle Test Cycle (CLTC). BYD reported a 0-100 km/h (62 mph) acceleration time of 2.36 seconds, and

1071-444: A year-over-year increase of 334 percent. As of 2023, BYD Auto vehicles are sold in over 70 countries. BYD aimed to sell 500,000 vehicles overseas in 2024, more than double the 2023 total, and one million units in 2025. According to Stella Li, the executive vice president of BYD, the company is aiming to deliver 50% of its production output outside its home market. However, an auto analyst from Bloomberg Intelligence China believes that

1134-593: Is characterised by its extensive vertical integration , leveraging BYD group's expertise in producing batteries and other related components such as electric motors and electronic controls . Most components used in BYD vehicles are claimed to be produced in-house within the group, ensuring control and flexibility in both cost and volume. The group also operates lithium mines , lithium processing, battery production, and an in-house computer chip manufacturing unit. As of 2024 , BYD Company's battery subsidiary FinDreams Battery

1197-453: Is powered by a battery pack codenamed "Fe", which provides a claimed electric range of 400 km (249 mi). While plans to sell the vehicle to the general public in the US were shelved, the company sold the e6 in the US as a fleet vehicle in a limited number. In May 2009, Volkswagen AG considered forming a partnership with BYD in the area of hybrids and electric vehicles, having signed

1260-433: Is the world's second largest producer of electric vehicle batteries below CATL . It specialises in lithium iron phosphate (LFP) batteries , including BYD's proprietary Blade battery . BYD Company was founded in 1995 as a battery manufacturer. In January 2003, BYD Company founder Wang Chuanfu founded BYD Auto after acquiring and renaming a dwindling small automotive manufacturing company, Xi'an Qinchuan Automobile, from

1323-712: The BYD Dolphin and the BYD Yuan Plus that are announced in August 2021. It also established the Ocean Series line of products, which consists of models named after marine animals . In December 2021, Daimler AG reduced its stake in its joint venture brand with BYD Auto from 50% to 10%, with BYD Auto controlling 90%. BYD refreshed Denza's line-up with the release of the Denza D9 minivan in 2022, followed by

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1386-575: The BYD e6 , its first battery electric vehicle, in 2009. BYD Auto has experienced substantial sales growth since 2020, driven by the increasing market share of new energy vehicles in China. Since 2021, the company has expanded sales of electric passenger cars into overseas markets, mainly to Europe, Southeast Asia, Oceania and Latin America. In March 2022, BYD ended production of purely internal combustion engined cars to focus on new energy vehicles. In

1449-676: The BYD e6 , sold in low volumes. In 2022, BYD Auto began selling its passenger vehicles in more European countries, such as Denmark , Sweden , the Netherlands , Germany , France , and Belgium . In Germany and Sweden , the BYD models are sold in cooperation with the Hedin Group. In October 2022, BYD appointed Denzel Group as its distributor in Austria . In March 2023, BYD entered the United Kingdom market by introducing

1512-745: The Denza N7 SUV in 2023. In January 2023, BYD established its second premium brand called Yangwang by introducing the Yangwang U8 plug-in hybrid electric large SUV, and the Yangwang U9 battery electric supercar . The company further expanded its brand portfolio by introducing the Fangchengbao brand in June 2023, which focuses on off-road vehicles . In April 2023, BYD released its smallest and cheapest battery electric vehicle called

1575-730: The Nuvola Concept , 156 , 166 , 147 and 8C Competizione . On 1 May 2007, Egger succeeded Walter de Silva as Head of Audi Group Design. Then he was responsible for the Audi and Lamborghini brands. On 6 Dec 2013, Egger left Audi design. Egger was replaced by Walter DeSilva who became chief of design for all of VW's makes: Porsche, Audi, Vw Skoda, Seat. In order to lure DeSilva to VW, VW added three Italian makes: Lamborghini, Ducati and ItalDesign coach house. In 2017, Egger became design director for BYD . The Chinese automaker appointed him to create their design identity, starting with

1638-615: The Seagull . It features a 4-seater, 5-door configuration in a hatchback body style, while being priced in a segment dominated by smaller 3-door cars. The car became a sales success in China. On 29 November 2023, BYD produced the 200,000th Seagull after only seven months in the market. Due to its low cost of production and its low selling price at below CN¥90,000 or US$ 12,000, the Seagull has garnered curiosity and praise from international media and industry experts. In May 2023, BYD Auto

1701-954: The Tesla Model 3 . In 2023, BYD introduced two more models (the Dolphin and the Seal) in Australia, and by the end of the year has sold 12,438 vehicles, making it the second-largest electric vehicle brand in the country. In 2024, the brand introduced two plug-in hybrid vehicles in the country, starting with the Sealion 6 in May, and the Shark 6 in October. In 2015, the BYD became the first Chinese manufacturer in Japan to market electric buses. It supplied

1764-708: The Toyota Aygo , and the BYD S8 has a similar appearance to the Mercedes-Benz SL-Class , with features an "almost identical" Mercedes-Benz CLK front-end and Renault Megane CC rear. Wang Chuanfu responded by claiming the company only uses "non- patented technologies". In 2009, the US government had been advised by its consulate general in Guangzhou, China , that BYD uses an approach of "copying and then modifying car designs." However, according to

1827-586: The Toyota Corolla with a lower price, the F3 quickly gained popularity and became a successful model with over 63,000 units sold that year. The 100,000th F3 rolled off the assembly line on June 18, 2007, just 20 months after production began. Following this success, the larger BYD F6 sedan, which was modelled after the Honda Accord , entered production in August 2007. Initially, BYD cars are equipped with Chinese-built Mitsubishi Motors older engines, but within

1890-638: The 2004 Beijing Auto Show , alongside its petrol-powered concept cars, BYD unveiled the BYD Flyer EF3, an electric sedan. Based on the BYD Flyer, the Flyer EF3 was initially intended for production in 2005, with a focus on serving as a taxi in Shenzhen. However, this plan did not materialize. Two years later at the 2006 Beijing Auto Show, BYD showcased another electric car called the BYD F3e. Based on

1953-996: The Atto 3. In June 2024, BYD began selling three BEV passenger car models in Poland . BYD will build its first European passenger car factory in Szeged , Hungary, which will build new energy vehicles with an annual capacity of over 100,000 vehicles. The plan was announced in December 2023. It is the first Chinese manufacturer to plan a European factory. In September 2023, the European Commission announced EU would launch an anti-subsidy investigation into Chinese electric vehicle manufacturers, including BYD. European Commission president Ursula von der Leyen claimed that Chinese electric vehicle prices are kept artificially low by significant state subsidies, that would in effect distort

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2016-504: The BYD F3, the car had an all-electric range of more than 300 km (186 mi), and was planned to be produced within 3 years from 2007. In December 2010, a BYD Auto general manager confirmed that the company had cancelled plans for its production due to the lack of support in charging infrastructure. In 2006, BYD established the Electric Vehicle Research Institute, an internal entity dedicated for

2079-615: The DM version was the fastest hybrid sedan. BYD announced its entry to Europe in May 2020, starting with Norway. The first batch of 100 BYD Tang EVs equipped with the Blade battery were sent to Norway in June 2021. In April 2021, BYD introduced the e-Platform 3.0, a third-generation platform for battery electric vehicles that integrated and standardised core components along with a new body structure, new electrical architecture, and operating system . The platform began production starting with

2142-561: The Design department at Alfa Romeo . In 1993, he was appointed Chief Designer of Alfa Romeo . In 1998, he became Chief Designer at SEAT , where he was able to input his personal style in, for example, the SEAT Ibiza , Cordoba and Altea . In 2001, W. J. Egger was appointed Head of Design at Lancia . In the same year, however, he returned to Alfa Romeo as Chief Designer. Among the cars developed by Alfa Romeo under his direction were

2205-737: The EU market. BYD Europe managing director, Michael Shu, argued that BYD's competitive price was achieved by higher "management efficiency" and "unique technology" instead of subsidies from the Chinese government. In June 2024, the European Commission completed its investigation, and imposed an additional 17.4% import duty on top of the existing 15% on BYD vehicles imported into the European Union , effective 4 July 2024. BYD vehicles generate significantly higher profitability in Europe than in China, driven by their higher pricing in

2268-619: The European market. Research by the Rhodium Group shows that BYD sells their vehicles in Europe with a 92–112% markup compared to its price in China. As the result, BYD makes approximately €14,300 in profit on each Seal U EV model sold in the EU, which is an 11-fold increase compared to the €1,300 profit on the same model sold in China. Reuters noted that the BYD Atto 3 is priced at US$ 19,283 in China and US$ 42,789 in Germany. Despite

2331-463: The R&;D and trial production of parts for new energy vehicles and the whole vehicle, including battery electric vehicles and plug-in hybrid vehicles. In 2008, Wang Chuanfu set a goal for the company to become the leader in the Chinese automotive market by 2015, and to become the largest car manufacturer globally by 2025. Wang stated that electric vehicles would serve as BYD's "stepping stone" to skip

2394-659: The UK and Thailand. These include newer models with BYD's third-generation platform (e-Platform 3.0) such as the Atto 3 (the export version of the Yuan Plus ), Dolphin and Seal . For the Dolphin, the company had also done an extensive reengineering to ensure the small car would achieve the highest ratings in Euro NCAP and Australasian NCAP testing. Throughout 2023, the company exported over 242,766 passenger new energy vehicles,

2457-627: The Xi'an Development Zone within the city. The first car developed by BYD, codenamed 316, was rejected by dealers due to its poor styling and was scrapped before reaching the market, writing off CN¥ 100 million of research and development (R&D) expenses as a result. Wang Chuanfu personally smashed the prototype to destroy it. The company instead developed the BYD F3 sedan, which entered production on April 16, 2005 with an affordable price tag of CN¥73,000 (approximately US$ 10,000). Bearing resemblance to

2520-615: The best-selling plug-in electric vehicle of early 2014. In November 2016, the company hired Wolfgang Egger as BYD Auto's head of design. Egger, who built his career at Alfa Romeo , Audi , and SEAT , created his first design for BYD, the Dynasty concept, a concept electric SUV that was displayed at the 2017 Shanghai Auto Show and previewed the design of the second-generation BYD Tang . Before 2020, BYD heavily relied on government subsidies to generate profit from its plug-in hybrid and battery electric vehicles. For example, in 2016,

2583-431: The company received approximately US$ 1 billion in new energy vehicle subsidies , surpassing its net profit for that year, which was CN¥5.1 billion (US$ 750 million). These subsidies accounted for over 20% of BYD's US$ 5 billion in revenue from new energy vehicle sales that year. However, between 2017 and 2019, BYD faced challenges due to a reduction in government subsidies. This led to a significant slowdown in sales and

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2646-719: The company's earnings. By 2008, BYD Auto owned two vehicle assembly manufacturing plants in Xi'an and in Shenzhen with a production capacity of 300,000 units per year, an R&D and testing center in Shanghai , and a moulding plant in Beijing . After years of sales growth, widespread withdrawal of BYD dealerships were reported in large Chinese cities during 2010 due to excessively rapid expansion, limited model range, and internal competition that presented difficulties for dealers. It

2709-437: The consul, BYD had modified the vehicles designs significantly enough to convince Chinese courts that the company has not infringed on patents. In 2005, BYD Auto contributed 10% to BYD Company's revenue. As its automotive business grew, by 2006, BYD Auto's contribution increased to 25%. In the first half of 2009, BYD Auto accounted for 55% of its parent company total revenue, marking the first time it contributed more than half of

2772-399: The development of internal combustion engine vehicles and facilitate the company's entry into international markets, including Europe and North America. In March 2008, the plug-in hybrid electric version of the BYD F3, the F3DM , was introduced as the world's first production model plug-in hybrid car at the Geneva Motor Show in Switzerland. Initially, the F3DM was offered in China as

2835-433: The first right-hand drive Atto 3 in August 2022. Its entry into the Australian market was delayed by a month to November 2022 due to compliance issues with the Atto 3, due to the top tether child restraint anchor point in the center rear seating position not being in compliance with the Australian Design Rules . Despite the delay, the Atto 3 became the second-best-selling electric vehicle in Australia in 2022, behind only

2898-443: The first carmaker in China to build one million new energy vehicles in a single year. On November 24, 2023, BYD became the first company in the world to produce its 6 millionth new energy vehicle. By 2023, BYD continued to be the world's largest plug-in hybrid electric vehicle manufacturer and the second-largest battery electric vehicle manufacturer (after Tesla), with global market shares of 21.4% and 15%, respectively. BYD also held

2961-409: The fourth quarter of 2023, BYD was the top-selling battery electric vehicle manufacturer in the world ahead of Tesla . BYD was also the best-selling car brand in China in 2023, overtaking Volkswagen , which had held the title since the liberalisation of the Chinese automotive industry . BYD is also the third most valuable car manufacturer in the world, based on market capitalization. The company

3024-423: The higher price in Germany, it remains competitive with similar electric vehicles there. The price difference can be attributed to the more competitive market conditions in China, while in Europe, BYD is able to position its vehicles at a higher price point. This indicates that despite the tariffs imposed by the EU, BYD is likely able to continue create profit in Europe. BYD announced plans to invest $ 1 billion in

3087-645: The hybrid model BYD Song Max and a series of other electric vehicles including the BYD B series bus. He designed the BYD Han that went on sale in 2020. BYD Auto BYD Auto Co., Ltd. ( Chinese : 比亚迪汽车 ; pinyin : Bǐyàdí Qìchē ) is the main automotive subsidiary and brand of BYD Company , a publicly listed Chinese multinational manufacturing company . It manufactures passenger battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs) in China. It also produces electric buses and trucks . The company sells its vehicles under

3150-418: The hydraulic system. Regarding the vertical jump, the U9 will shrink first, then bounce up, launching all four wheels off the ground at the same time. BYD has not announced the specific reason for the jump function on the U9, but the function demonstrates the "DiSus-X" body control system. Wolfgang Egger Wolfgang Josef Egger (born 13 February 1963) is a German car designer who formerly served as

3213-464: The logo used by its parent company upon the introduction of the BYD F1 (renamed to F0 later). On 1 January 2021, BYD Auto adopted a new brand logo, while other BYD businesses retained the older logo. On 17 February 2022, the logo of BYD Auto was slightly revised with a narrower width to follow graphic design trends, coinciding with the introduction of the new BYD Company logo. As the name "BYD" had no particular meaning, BYD Auto started adopting

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3276-407: The main BYD brand and high-end vehicles under its Denza , Yangwang and Fangchengbao brands. BYD Auto was established in January 2003 by Wang Chuanfu , the founder of BYD Company, following the acquisition of Xi'an Qinchuan Automobile. The first car designed by BYD, the BYD F3 , began production in 2005. In 2008, BYD launched its first plug-in hybrid electric vehicle, the BYD F3DM , followed by

3339-433: The new energy vehicle insurance market. While celebrating BYD's 5,000,000th new energy vehicle production in August 2023, Wang Chuanfu called on local Chinese car manufacturers to "unite" to take on foreign manufacturers, responding to the severe price war in the Chinese market throughout 2023. Wang claims that it is "an emotional need for the 1.4 billion Chinese people to see a Chinese brand becoming global," and initiated

3402-414: The purchase gave BYD access to car manufacturing technology and an automobile production license that was difficult to obtain at that time. At the time of the acquisition, Qinchuan was producing a small car called the QCJ7181 Flyer, which BYD renamed to BYD Flyer from 2005. Limited capacity at the former Qinchuan manufacturing plant in Xi'an, Shaanxi prompted BYD to construct a new manufacturing plant in

3465-406: The ship was built by Yantai CIMC Raffles Shipyard for the international ship management company Zodiac Maritime , and was leased to BYD as the first of its "sea shipping fleet", with a loading capacity of 7,000 vehicles. On 18 November 2024, BYD held an event in Shenzhen to celebrate its 30th anniversary and the production milestone of its 10,000,000th new energy vehicle. The milestone vehicle,

3528-423: The slogan "Build Your Dreams" since it participated in the 2008 North American International Auto Show in the US. In 2017, when the company released the second-generation BYD Tang , BYD Auto started placing "Build Your Dreams" badging at the rear of its vehicles, replacing the standard oval BYD logo. The badging was retained until late 2023, when the company announced that the badging would be dropped in favour of

3591-419: The target is unlikely to be achieved until 2030 or later. In May 2020, BYD Auto announced that it would offer passenger vehicles in Europe, starting with Norway . The company chose Norway due to the widespread adoption of electric vehicles in the country. The first product offered there is the BYD Tang . Previous BYD vehicles offered in Europe are mainly commercial vehicles and fleet-oriented vehicles such as

3654-405: The three-letter BYD logo due to widespread criticisms. In December 2016, BYD signed American actor Leonardo DiCaprio as the brand's global brand ambassador for new energy vehicles. In January 2024, BYD signed a deal with UEFA to be the official partner of UEFA European Football Championship 2024 , replacing Volkswagen as the competition's mobility partner. In October 2024, BYD announced

3717-438: The vehicle to redistribute torque among the four wheels in case of traction loss or a tyre puncture at speed; and the "DiSus" (云辇) active suspension system, which allows the wheels' ground clearance to be readjusted individually and even to perform a brief vertical jump . The active suspension consists of three different systems; DiSus-C controls variable damping, DiSus-A controls the air suspension , and DiSus-P controls

3780-458: Was approved to acquire a 100% stake in Yi'an P&C Insurance Co., Ltd., renamed it, and transformed it into its own insurance company for BYD vehicles. In June 2024, BYD Property & Casualty Insurance opened for registrations, and announced the expansion of its car insurance services in 7 major provinces in China. The company has regulatory approval to adjust premium rates independently, addressing high premiums and profitability challenges in

3843-556: Was exacerbated by BYD's focus on production capacity over quality. BYD responded by adjusting its annual production target from 800,000 to 600,000 vehicles, but fell short, reaching only 517,000 vehicles that year. In the subsequent three years, BYD shifted its attention to resolving concerns related to quality, dealership channels, and brand promotion. BYD began exploring hybrid and electric vehicles as early as 1997, before acquiring Xi'an Qinchuan Automobile. In that year, Wang Chuanfu, as part of his research into electric vehicles, purchased

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3906-463: Was later restructured in 2021, when BYD took control of the brand by taking a 90% stake in the venture. Mercedes-Benz withdrew entirely from the joint venture in September 2024. In August 2013, BYD launched the Dynasty Series product line with the introduction of the BYD Qin , a plug-in hybrid electric vehicle variant of the petrol-engine BYD Surui . The Qin was designed to replace the BYD F3DM , an earlier plug-in hybrid model. The Qin quickly became

3969-475: Was partly attributed to the increasing popularity of new energy vehicles in China, which accounted for 27.5% of vehicle sales in China in 2022, up from 5.8% in 2020. In the first half of 2022, BYD surpassed Tesla as the world's largest plug-in electric vehicle manufacturer by selling 641,000 vehicles. BYD ended the production of pure internal combustion engine vehicles in March 2022, redirecting its focus towards new energy vehicles. In September 2022, BYD became

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