3 times that performance of average car sold in U.S.
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An electric vehicle charging station at a Maryland Welcome Center on Sept. 2, 2021. (Photo by Joe Kovacs)
By Will Kessler
Daily Caller News Foundation
China’s largest electric vehicle (EV) manufacturer, BYD, announced Tuesday that two of its new hybrid models have ranges that far exceed those of American competitors, The Wall Street Journal reported.
BYD’s chairman Wang Chuanfu claimed at an event in Xian, China, that the company was launching two new hybrid models that could go 2,100 kilometers, or 1,306 miles, on a single tank of gas and a full charge, according to the WSJ. The range is almost double the range of global hybrid competitors, which is around 1,100 km, or 683 miles, at the upper limit, and far exceeds the 700-mile range achieved by America’s longest-driving hybrid in 2023, the Lexus ES 300h.
In addition to the high range, the vehicles are also planned to be sold for the equivalent of under $14,000 each, according to the WSJ. The average list price of a used hybrid in the U.S. was more than $30,000 at the end of 2023, according to inventory data from Cars.com.
Following the announcement, the company’s shares listed in Hong Kong rose 5.3%, while those listed in Shenzhen were up 8.35% for the day, according to the WSJ. The range claims of the new models are even impressive for the Chinese market, beating out competitor Li Auto’s L6 model, which has a range of more than 860 km, while Seres’ can longest travel around 870 miles.