Updated
Updated · Bloomberg · Jun 17
BYD Launches 17-Foot Great Tang SUV at 239,900 Yuan to Challenge Luxury EV Rivals
Updated
Updated · Bloomberg · Jun 17

BYD Launches 17-Foot Great Tang SUV at 239,900 Yuan to Challenge Luxury EV Rivals

3 articles · Updated · Bloomberg · Jun 17

Summary

  • 239,900 yuan ($35,500) is the starting price for BYD’s new Great Tang, a seven-seat SUV that went on sale in China on Wednesday.
  • At 17 feet long, it is BYD’s largest electric vehicle yet under its namesake brand, giving the carmaker a bigger entry in the premium SUV segment.
  • BYD said the launch is aimed at taking on luxury EV rivals with a more affordable offering, and the price came in below what the company had previously planned.
  • Xi’an hosted the unveiling of the model, also called the Datang, as BYD pushes further upmarket in China’s increasingly crowded electric-vehicle market.

Insights

BYD’s new SUV offers luxury features for less. Is this the final blow for legacy premium brands?
How can Western automakers compete with BYD’s vertically integrated, low-cost model?
As China's EV overcapacity floods global markets, can tariffs truly protect local industries?