BYD

The refreshed BYD e2 starts at RMB 89,800, or $12,500, down from RMB 102,800.

CATL's share of China's EV battery market increased by 5.75 percentage points in February, while BYD's share decreased by 0.82 percentage points.

In the January-February period, BYD topped China's NEV market with a 30.8 percent share, while Tesla came in fourth with 6.6 percent.

BYD has previously offered two BEVs, the Han and Atto 3, in the UAE, and the Song Plus and Qin Plus mark the first time it has offered PHEVs there.

BYD's next-generation DM hybrid system is expected to give the vehicle a combined range of nearly 2,000 kilometers, while the new e-Platform 4.0 will have a higher level of integration and is expected to further reduce costs, according to local media.

BYD officially launched the Song L on December 15, 2023, with a starting price of RMB 189,800, or roughly $26,400.

The cost of building a Mexican plant could be around $600 million, similar to what BYD paid for its Brazilian EV plant, Bloomberg said, citing a person familiar with the matter.

Denza said the 2024 D9 received 11,287 firm orders in the first 12 hours after its launch. Li Auto, on the other hand, has not announced orders for the Li Mega, and its shares have been down about 18 percent since the MPV's launch.

The Denza D9 MPV continues to be offered in hybrid and pure electric versions, with starting prices lowered by RMB 10,000 and RMB 16,000, respectively.

The number of shares BYD plans to buy back is about 0.05 percent of its total issued share capital and will be used for cancellation to reduce registered capital.