Connect with us

Hi, what are you looking for?

BUSINESS

BYD’s Seagull attracts Shanghai auto show fans.

The Shanghai auto show’s biggest crowds surround BYD (002594. SZ) ‘s brilliant yellow hatchback.

BYD’s latest electric vehicle (EV), the “Seagull,” debuted at the exhibition this week, impressing attendees with its low price of 78,000 yuan ($11,300)—half the price of the cheapest new energy vehicles.

“It’s my kind of car, it’s suitable for driving to and from work, and you don’t need to manage anything, just use the battery… it’s also a relatively low cost product,” said Fan Yuhong, 28, an advertising professional who visited the event and was at the booth.

BYD says the car can charge from 30% to 80% in 30 minutes and has two ranges: 305 to 405 kilometers (190 to 252 miles). BYD Blade lithium iron phosphate batteries power it.

Bill Russo, Shanghai-based founder and CEO of strategic advising business Automobility, says the Seagull will be China’s best-selling car within six months of its launch.

“This redefines the market’s price-value proposition,” he said.

Chinese automakers, like BYD, have transformed the world’s largest auto market and are eager to export their low domestic prices.

Russo believes the Seagull’s value proposition will attract foreign buyers.

“Affordability is attractive to everyone anywhere, whether it’s an emerging market, the United States or Europe, this kind of car with this kind of value proposition will sell,” he said.

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.
SUBSCRIBE

You May Also Like

News

More than 40 measure are included in Ofcom’s plan to protect youngsters from content that offers with eating problems, self-damage, suicide, and pornography. Concerns...

Transformation

Overview Changing the decor in your property shouldn’t be a hard or high-priced challenge. Simple do-it-yourself initiatives can revitalize your residing place with a...

Electronics

Presenting the Samsung 65” Class OLED S95C TV—the height of current fashion and stunning visual readability. With a mean rating of 4.1 stars based...

News

Intense Scrutiny of Stormy Daniels’ Testimony in Trump Trial Stormy Daniels has become a pivotal witness at some point of the excessive-profile trial of...

SUBSCRIBE

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.