BYD's Strategic Expansion and New Luxury Model Launch

BYD is setting a high bar in the electric vehicle market with several significant developments The company is soon launching the Yangwang U7, a luxury electric sedan priced at around $140,000, targeting a high-end consumer base currently dominated by brands such as Porsche, Mercedes, and Tesla The Yangwang U7 is expected to hit the Chinese dealerships ahead of its official launch later this year. In addition to its ambitious product rollout, BYD is further expanding its manufacturing capabilities with a massive $890 million investment in the Shen-Shan Special Cooperation Zone This investment aims to enhance its industrial presence by establishing new production lines for battery packs and core parts specifically designed for new energy vehicles (NEVs), evidencing BYD's commitment to leading in the global NEV market.