Chinese automaker BYD's SUV is a bet to conquer the electric vehicle market in the third quarter, challenging Tesla.
Tesla is the world's best-selling electric vehicle brand, but it currently faces threats from competitors such as Chinese automaker BYD, which is rapidly catching up in electric SUV sales. On the electric. In the third quarter, BYD, BYD was just 3.000 cars away from catching Tesla, and plans to launch more launch more models to attract a wider range of consumers interested in electric SUV, with prices affordable and competitive.
With competition increasing in the cheap electric vehicle market, it is crucial for automakers like Tesla to expand their product line to offer more affordable options. The search for an affordable electric SUV has driven growth in the automotive sector, and companies need to adapt to consumer demands for affordable electric cars.
BYD Yuan UP: the Chinese automaker's new electric SUV
And BYD Yuan UP electric SUV could be exactly what the brand needs to close that gap. Or even make the brand surpass Tesla.
As originally reported by the website carnewschina, Yuan UP photos were leaked in documents from the country's Ministry of Information Technology. This agency is the last stop in the approval process for cars to be sold in China. Not ideal for automakers, but it's great for folks covering the automotive sector – it allows us to see the final designs and specifications of some vehicles before they even go on sale.
O BYD Yuan UP electric SUV is a compact electric vehicle, measuring around 4,30 meters in length. length. This is more or less equivalent to the size of a Chevrolet Tracker or Hyundai Creta. A power comes from a single engine, which produces 93 or 174 horsepower power.
The popular SUV market and the launch of the affordable electric SUV
The most important thing is that this Yuan UP seems to share at least the engine of its entry-level version with the successful BYD Dolphin. Considering your visual which refers to 'low cost', the BYD Yuan UP electric SUV appears to be the SUV-style counterpart to the fast-selling Dolphin, as well as the BYD Dolphin Mini (Seagull). Of course, it's not exactly a challenge for the more sophisticated Model Y and Model X, but that's not the point here.
No need to be one expert to realize that SUVs are taking off in all parts of the world, especially in compact segment. Furthermore, BYD's Dolphin and Seagull were extremely successful; BYD launched the Seagull in third quarter this year and has already produced more than 200.000 units this year. Likewise, BYD has now manufactured over 500.000 Dolphins – both cars sell very well despite being 'non-SUV' electric vehicles.
The success of the affordable SUV
It seems that the BYD Yuan UP electric SUV It could start at a price of around US$14.000, which is higher than the BYD Seagull's roughly US$11.000 price tag, but below the Dolphin's US$16.000 price tag. Considering everyone loves SUVs, the BYD YuanUP is poised to conquer China's electric vehicle market and possibly the rest of the world. If the BYD electric SUV Yuan UP is sold in the same way as Seagull and Dolphin, the Tesla as the best-selling electric vehicle manufacturer is really under threat.
Source: Insideevs Uol
