BYD's high-end brand is tentatively scheduled to be officially launched in the first quarter of 2023, with the price of the first model exceeding one million yuan ($137,678).
Zhong Yilin, vice president of BYD's automotive engineering research institute, said that the sales volume and penetration rate of intelligent vehicles on L2 and above in China increased rapidly, which was 24.5 times higher than that in 2017.
On November 3, BYD announced that it had achieved a sales volume in October of 217,800 new energy vehicles, a record high and the second consecutive month that the figure surpassed 200,000 units.
BYD has a total of seven models among the top 20 sales spots in the world. Among them, Qin Plus ranks 5th, Han ranks 6th, Dolphin 7th, Yuan Plus 8th, Tang 10th and Destroyer 05 17th.
Certain vehicle models of FAW-Volkswagen's China-based Audi production unit that are due for manufacturing in 2023 will reportedly adopt BYD's DM-i/DM-p hybrid systems. Li Yunfei, the general manager of BYD's branding and public relations division later said that "this rumor is untrue."
A BYD affiliate intends to order eight ships capable of carrying 7,700 cars in Shandong Province, with a total cost of nearly 5 billion yuan ($688 million). Among them, six ships are determined to be built, while the other two ships are optional.
As the target valuation of Mobileye, an autonomous driving subsidiary of Intel, continues to be lowered, the field of autonomous driving chips in China is active. Many local car companies such as Great Wall Motor and BYD are accelerating their investments in the chip industry.
Shenzhen-based automaker BYD announced on October 26 that it has opened its first store in Brazil's capital city, co-built with leading domestic auto dealer Saga. Up to now, BYD has established 10 dealerships in Brazil and has obtained franchise rights in 31 of its major cities.
The M5 and M7 models of AITO, a Chinese automaker established jointly by Huawei and Seres, have undergone price reductions of 8,000 yuan ($1,096). AITO is the first new energy vehicle brand in China to follow in the footsteps of Tesla's latest decision.
The European power battery market is becoming much more important. Many Chinese power battery manufacturers including CATL and BYD also set their sights on the market.
Chinese automaker BYD announced on October 22 that its Frigate 07 model officially rolled off of the mass production line and will be priced between 220,000 yuan to 280,000 yuan ($30,290 - $38,551).
Leading Chinese new energy vehicle and battery firm BYD announced on October 21 that its cumulative output of photovoltaic modules in Brazil has exceeded 2 million.
FAW Toyota, a joint venture between Japanese automaker Toyota and China's First Automobile Works (FAW), announced on October 21 that the pure electric sedan bZ3 loaded with BYD batteries will be unveiled on October 24.
BYD, a Shenzhen-based new energy vehicle giant that has been continuously entering new overseas markets lately, announced on October 20 that its Dynasty series SUV model, the Yuan Plus, has recently been launched in Colombia.
On October 18, a patent about graphical user interface applied by BYD was authorized and made public. The graphical user interface can be used to connect the steering wheel or controller with in-car games based on the vehicle system.
In recent years, traditional Chinese car enterprises such as Great Wall Motor, BYD and Geely have made persistent efforts in the field of plug-in hybrid vehicles, opening up new space for the further development of new energy vehicles.
Chinese new energy vehicle and battery giant BYD formally reached a strategic cooperation agreement on October 18 with the Brazilian division of Santander, a leader in the domestic auto finance industry.
Xiaomi Auto's factory is expected to obtain an automobile production qualification from June to July 2023, a big move for the company's mass-production plans.
World-leading asset manager BlackRock launched a reduction in BYD H shares, bringing its shareholding ratio from 6.21% to 5.85%.
After commencing vehicle sales in Thailand, Laos, India and Nepal, Chinese new energy automobile giant BYD on October 16 joined hands with Mongolian dealer MSM Group to introduce the BYD Yuan Plus electric SUV to the domestic market.