The Warren Buffet-backed Chinese automaker BYD announced, via their Weibo account, that the new Yuan Plus Model has reached more than 20,000 Pre-Sale orders. The model is the first one developed for global markets. The company unveiled the new model during the last Guangzhou Auto Show, in November 2021. The model is an all-electric small crossover/SUV and it is expected to be the company’s next electric car launch in Europe following the BYD Tang Model that went on sale in Norway in August 2021.
The Model (with a different name of ATTO 3) will arrive Australia with deliveries starting in July. The Atto 3 will start at $44,381 being the cheapest Electric Vehicle available in the country. Panoramic Sunroof with electric slide and anti-trap, One-Touch Open/Close Tailgate, Roof Rails, Electrically heated and adjustable exterior mirrors and Electrically retractable exterior mirrors are among the specs. The model will be sold through EVDirect, the recognised Australian importer and reseller.
The superior version with an extra of 100km range will be available for an extra of $3,000.BYD has established an Australia-focused line at one of its factories in China, and plans to commence production of the first 15,000 cars for this market. EVDirect says it also plans to offer what it calls “the country’s biggest market-driven EV stimulus” with $500 million worth of low-interest finance (as low as 3.81 per cent) to be offered, according to CarExpert.
Last week, BYD Auto Industry and UZAVTOSANOAT JSC (UzAuto) signed a strategic Memorandum of Understanding (MOU) to develop, produce and popularize New Energy Vehicles (NEV) in Uzbekistan.
The MOU was signed on Feb. 16 during an online ceremony led by Michael Shu, General Manager and Managing Director, BYD Europe, and Urmzakov Shavkat, Chairman of the Board of UzAuto in Uzbekistan.
BYD delivered 93,945 New Energy Vehicles in December 2021, compared with 28,841 in the same period last year. In addition, the company’s cumulative sales volume of NEVs in 2021 was 603,783 units, an increase of 218.3% year-on-year, compared with 189,689 vehicles in 2020.
The company expects to sell up to 1.1-1.2 million New Energy Vehicles this year: 600,000 BEVs and 500,000-600,000 PHEVs
The company should be one of only a few manufacturers able to produce and sell more than 1 million plug-ins in a single year. At 1.2 million, BYD’s market share in the NEV market in China would be around 20-25%.
According to a separate report, BYD notes tremendous demand for its plug-in hybrids right now. Last November, there were some 200,000 orders on various models, which at the time meant 4 months of waiting.