BYD has launched China’s largest electric car (EV) to challenge the BMW and Mercedes-Benz in the luxury.
The Denza unit on Friday unveiled a six-chair SUV, Denza N9, which costs 389,800 ($60,860) to 449,800 yuan, which is available in plague-in Hybrid and Pack-Pacer. It also sells Denza D9 MPV, which was launched in 2022 and was priced at 339,8
SUV is equipped with BYD autonomous driving system and can also support the drone system on the carS, The company was first implemented in February, the company announced at its headquarters in Shenzhen.
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“We hope to prove to the world that China can not only produce good cars, but also a place in the Luxi market,” said founder and founder Wang Çuhanv.
The N9 emphasized BYD’s aspirations to create a premium EV and expand its products and customers’ bases. Last year, EV Maker sold about 3.84 million species of hybrid hybrid and EV EV, making it the king of the department, which has about 20 percent of the global market share.
A denza palace inside a commercial center in Beijing in November
The N9 also can also raise competition in the LOCS EV market in China with Li Auto, Zeekr, and Aito supported by Huawei. The Xiaomi also entered the category with a SU7 Ultra car, a Sydan and four-door car and the Porsche Turbo GT in the same league in the international circle of Shanghai and the price of about a quarter of the German car.
“Chinese Creators have begun watching the premium section while they raised the value chain to look for higher margins,” said Eric Han, senior CEO of Soolei, a consultant company in Shanghai. “Their aggressive pushes threaten Porsche, Mercedes-Benz and BMW.
Most of China’s EV cars are currently priced below 300,000 and largely replacing local burning engines due to their high batteries, initial driving technology and digital cabinet.
Global brands have dominated China’s premium brand until domestic producers Li Auto and Xping were attacked last year with smart EVs. Industrial data showed Mercedes-Benz sales fell 6.7 percent last year, while BMW fell 13.4 percent to 9 percent.