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August 27, 2014

CHINA: BYD-Daimler JV readies Denza EV for production

In an attempt to revive falling automotive sales, BYD has unveiled a new electric vehicle - Denza - developed in collaboration with Daimler with series production at the JV about to start.

In an attempt to revive falling automotive sales, BYD has shown its new electric vehicle – Denza – developed in collaboration with Daimler and with series production at the JV about to start.

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For the EV, BYD chairman Wang Chuanfu said, “We believe this is the right product at the right time.”

Developed by Shenzhen BYD Daimler New Technology, Denza is a pure electric sedan with a claimed range of 300km. 

BDNT’s first Denza will hit the market in September 2014 with prices starting at RMB 369,000 (about EUR 43,400). For an additional RMB 10,000 customers can get a custom-made ABB charging unit that can recharge the vehicle in three hours. Through a standard home charging outlet, Denza will take 32 hours to recharge.

The Denza will be available in two distinctive trim levels: the “Lifestyle” version and  “Executive” versions. 

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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