BYD CO LTD UNSP/ADR - BYDDY STOCK NEWS

On March 22, 2023, DENZA and DEVIALET launched the DENZA N7, the first mass-produced vehicle featuring DEVIALET's audio system. This collaboration aims to set new standards in sound quality for luxury mobility.

The DENZA N7 offers advanced acoustic technologies, including SAM® for deep bass and DEVIALET SPACE for immersive sound. With its unique design aesthetics and high-tech features, the N7 positions itself as a competitor to traditional luxury SUVs. The partnership underscores DENZA's commitment to enriching user experience in electric vehicles.

BYD unveiled its luxury model, the BYD Seal, along with a limited edition of the BYD ATTO 3 in Forest Green at the Indian Auto Expo 2023. The BYD Seal achieved over 50,000 sales in China within five months and is set for launch in India in Q4 2023, marking it as the third EV introduced locally in two years. The vehicle features cutting-edge technology and is engineered for safety and performance. The ATTO 3 Limited Edition will see only 1,200 units available in India priced at Rs. 34.49 lakhs.

On November 16, BYD celebrated the production of its 3 millionth new energy vehicle (NEV) at its global headquarters in Shenzhen, China. This milestone highlights BYD's rapid growth, achieving one million NEVs in 13 years, followed by significant acceleration to two million in one year and three million in just six months. BYD is focused on safety with advanced technologies like the Blade Battery. The company also plans to expand its brand matrix with five distinct brands, including luxury segment Yangwang, to cater to diverse consumer needs worldwide.

BYD has officially entered the European market, unveiling three new electric vehicles: the BYD ATTO 3, BYD TANG, and BYD HAN, designed with European customers in mind. The company emphasizes its innovative Blade Battery technology, enhancing safety and performance in EVs. With over 2.6 million electric passenger cars globally, BYD continues its commitment to zero-emission solutions. Michael Shu, General Manager of BYD Europe, highlights the company’s dedication to meeting high European customer expectations through reliable and advanced technology. BYD aims to distinguish itself in the competitive European automotive landscape.

BYD officially enters the European market, announcing pre-sale prices for three electric vehicles: the BYD ATTO 3 at €38,000, and both the BYD HAN and TANG at €72,000. Vehicles will initially be distributed in Norway, Sweden, Denmark, the Netherlands, Belgium, and Germany, with more markets introduced by year-end. The company emphasizes its commitment to high-quality, technologically advanced vehicles tailored for European customers. The cars feature BYD's innovative Blade Battery and come with a comprehensive 8-year warranty.

On August 3rd, BYD was included in the Fortune Global 500 list for 2022, highlighting its success in the market. The company, focusing on sustainable solutions, has evolved into a high-tech enterprise with diverse operations in automobiles, new energy, and electronics. In 2021, BYD sold 730,093 passenger vehicles, including 593,745 new energy vehicles, marking a year-on-year increase of 231.6%. The company's new energy vehicle sales surged by 324.8% in H1 2022. BYD has fully transitioned to producing battery electric vehicles and plug-in hybrids, reinforcing its commitment to a low-carbon future.

On July 21, BYD JAPAN Inc. officially entered the Japanese passenger vehicle market with a brand conference in Tokyo. The event showcased three EV models: BYD ATTO 3, BYD DOLPHIN, and BYD SEAL. The ATTO 3 is expected to launch in January 2023, followed by the other models in mid and late 2023. BYD aims to leverage its 27 years in the electric vehicle sector to offer advanced technology and contribute to a low-carbon lifestyle in Japan, enhancing the local EV market.

BYD and Levo Mobility have announced a significant collaboration to deploy up to 5,000 V2G-enabled battery electric vehicles (BEVs) over the next five years. This partnership aims to leverage Nuvve's technology and Stonepeak's financing to facilitate the electrification of medium- and heavy-duty fleets. Levo will provide a comprehensive Fleet-as-a-Service solution, which includes electric vehicles, infrastructure, and management services, with no upfront costs for fleet operators. This initiative is expected to reduce carbon emissions and improve energy management.

Los Angeles SkyRail Express (LASRE) is partnering with 33 Disadvantaged Business Enterprises (DBEs) to develop an innovative monorail system in the traffic-congested Sepulveda Pass/405 Corridor. This initiative emphasizes diversity and inclusion, with LASRE committed to supporting small minority and women-owned firms. The team consists of leading transportation firms, including BYD and Skanska, employing over 2,300 workers in the LA area. If selected by LA Metro, LASRE will propose a straddle monorail system aimed at enhancing connectivity between underserved areas and key transportation hubs.