• The Denza Z9GT had an average sales price of RMB 380,000 ($51,950), while the Fang Cheng Bao brand had an average sales price of RMB 332,000 in December.
  • The Z9GT went on sale on September 20, 2024 and the Bao 8 on November 12, 2024.
(Denza Z9GT. Image credit: Denza)

Two sub-brands of (HKG: 1211, OTCMKTS: BYDDY) announced delivery milestones today, as the company pushes ahead with its efforts in the premium segment.

The Denza Z9GT saw its 10,000th delivery today, the BYD sub-brand announced on Weibo.

To date, the Denza Z9GT has been sold at an average price of RMB 380,000 ($51,950), Denza added.

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The Z9GT is the first model in Denza's Z-series, which went on sale on September 20, 2024 and is offered in plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV) variants.

The model has a price range of RMB 334,800 to RMB 414,800 and comes standard with BYD's e3 technology, which brings a powerful tri-motor powertrain.

Originally a joint venture between BYD and Daimler in February 2011, Denza is now wholly owned by BYD.

In addition to the Z9GT, Denza launched the Z9 sedan on November 15, 2024, with the same powertrain.

Denza delivered 15,059 vehicles in December, bringing full-year 2024 deliveries to 126,035, essentially flat from 2023, according to data compiled by CnEVPost.

Fang Cheng Bao also said Weibo today cumulative deliveries of its Bao 8 SUV (sport utility vehicle) exceeded 10,000 units, setting a new delivery pace for the premium hardcore off-road segment.

(Fang Cheng Bao Bao 8. Image credit: Fang Cheng Bao)

Fang Cheng Bao did not mention the average sales price of the Bao 8. The model was launched on November 12, 2024, with a price range of RMB 379,800 to RMB 407,800 yuan.

The Bao 8 is Fang Cheng Bao's second model and the first under the BYD umbrella to feature Huawei's driver assistance system.

Fang Cheng Bao delivered 11,418 vehicles in December, bringing full-year 2024 deliveries to 56,388 units, according to data compiled by CnEVPost.

In December, the average sales price of Fang Cheng Bao vehicles was RMB 332,000, it said earlier this month.

($1 = RMB 7.3148)

Denza aims to sell over 300,000 cars in 2025, report says