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Reuters
China’s BYD to launch new premium electric car brand in 2023
SHANGHAI (Reuters) -Chinese electric vehicle giant BYD said on Tuesday that it would launch a new premium brand in the first quarter of 2023. BYD said vehicles produced under the new brand will be priced above 1 million yuan ($138,096.75), without further elaboration. Having ditched gasoline vehicles from its product mix this year, BYD has, more than any other automaker, been able to capitalise on a range of incentives for electric cars offered by the Chinese central government as well as local governments.
