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China's BYD fires up its car offerings to compete with Tesla and Jeep at the same time [CNBC]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
BYD on Tuesday unveiled three new cars for its Fang Cheng Bao brand: an off-road “Leopard 8” SUV, a “Super 3? SUV geared toward city driving and a “Super 9” sports car. The company did not announce prices. Instead, BYD billed the vehicles mostly as concept cars and hinted further details would be released at the auto show in Beijing next week. It was not immediately clear to what extent the new cars would be fully electric. BYD launched its Fang Cheng Bao brand last summer with a focus on “ personalized needs of consumers ,” particularly in off-road vehicles and sports cars. The brand's first vehicle, a hybrid-powered off-road SUV called “Leopard 5,” launched in November with a starting price of about 290,000 yuan ($40,845). Nearly 20,000 Leopard 5 cars have since been delivered, the company claimed Tuesday. BYD also sells an off-road SUV and sports car under its luxury brand Yangwang, which launched early last year to target consumers willing to spend about 1 million yuan or
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