The Seal is the sixth mannequin BYD has launched in Brazil after the Tang EV, Han EV, Yuan Plus EV, Music Plus DM-i, and Dolphin EV.
(Picture credit score: BYD)
BYD (OTCMKTS: BYDDY) has launched its battery electrical automobile (BEV) Seal in Brazil, additional diversifying its product array there.
The BYD Seal went on sale in Brazil on August 30 at a beginning worth of 296,800 Brazilian reais ($59,830), marking the primary time the mannequin has been obtainable in Latin America, the Chinese language new vitality automobile (NEV) maker mentioned at the moment.
The Seal is BYD’s EV mannequin based mostly on the e-Platform 3.0 and is the primary manufacturing automobile to characteristic CTB (cell to physique) expertise, the corporate mentioned.
The Seal has a WLTC vary of as much as 520 km and might dash from 0 to 100 km/h in as quick as 3.8 seconds.
The BYD Seal, which initially went on sale in China on July 29, 2022, is seen as one of many strongest rivals to the Tesla Mannequin 3.
On Could 10 this yr, BYD launched the up to date Seal in China at a beginning worth of RMB 189,800 ($25,980), RMB 23,000 decrease than its predecessor’s RMB 212,800 beginning worth.
In Brazil, the Seal is BYD’s sixth mannequin for native clients, the earlier 5 being the Tang EV, Han EV, Yuan Plus EV, Music Plus DM-i, and Dolphin EV.
BYD isn’t solely bringing a spread of pure electrical and hybrid fashions to the Brazilian market, however may even proceed to diversify its gross sales and repair community, with 100 shops anticipated to be arrange by the top of this yr, it mentioned.
BYD did not point out what number of shops it at present has in Brazil in at the moment’s press launch, although it mentioned it had 24 seller offline shops within the nation when it launched the Dolphin there in late June.
BYD additionally beforehand introduced that it’s going to arrange a big manufacturing base advanced consisting of three vegetation in Brazil, with manufacturing scheduled to start in 2025, its press launch at the moment talked about.
BYD and the Brazilian state authorities of Bahia collectively introduced on July 4 that the Chinese language NEV maker will arrange the advanced in Brazil with a complete funding of three billion reais.
The economic advanced features a manufacturing plant for electrical buses and truck chassis, a brand new vitality passenger automotive manufacturing plant, and a processing plant specializing in lithium iron phosphate (LFP) battery supplies.
The passenger automotive manufacturing line will be capable to produce pure electrical fashions and plug-in hybrids, with a deliberate annual capability of 150,000 items, in keeping with a press release in July.
The LFP battery materials processing plant will make the most of native port sources to satisfy the rising demand for NEV merchandise within the international market, BYD mentioned.
The economic advanced is scheduled to begin manufacturing within the second half of 2024 and is predicted to create greater than 5,000 native jobs, in keeping with a BYD assertion on the time.
($1 = 4.9608 Brazilian reais, $1 = RMB 7.3053)
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