BYD celebrates 10 million electrified vehicles milestone
The Chinese automotive powerhouse BYD has just hit a remarkable milestone, rolling its 10 millionth new energy vehicle (NEV) off the production line. This achievement highlights BYD's meteoric rise from a small battery producer in 1995 to a global leader in the electric vehicle market.
The landmark vehicle, a Denza Z9 sedan, was officially launched at the 2024 Guangzhou auto show and handed over to Feng Ji, the CEO of Game Science, the company behind the popular video game Black Myth: Wukong. The partnership between BYD and Game Science plans to use BYD technology to digitally preserve cultural relics.
The Denza Z9 comes in both plug-in hybrid (PHEV) and battery-electric (BEV) versions. It has a starting price of RMB 334,800 (approximately €41,700), and it features BYD's e3 technology - a slightly scaled-down version of their e⁴ technology designed for luxury vehicles. The e3 system is built on the Xuanji architecture. The tri-motor independent drive system and dual-motor independent steering for the rear wheels provide impressive performance and handling. Deliveries of the Z9 are expected to begin in early December.
BYD's journey began in 1995 with just 20 employees. Today, it has a workforce of over 900,000, including 110,000 dedicated to research and development. The company's entry into the automotive industry started in 2003 with the acquisition of Qinchuan. After an initial setback with their first car model, the 316, BYD found success with the F3 in 2005, selling 100,000 units in just 14 months. This early success fueled BYD's ambition, leading to the development of their pioneering plug-in hybrid technology and the launch of the first-generation DM hybrid platform in 2008.
The Chinese automotive giant BYD celebrates the production of its 10 millionth new energy vehicle.
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