- BYD unveiled a new hybrid powertrain capable of traveling more than 2,000km without recharging or refuelling, intensifying the EV transition competition with the likes of Toyota Motor and Volkswagen.The upgraded tech, which aims to put more distance between BYD and its rivals, will be launched in two sedans immediately that cost under 100,000 yuan , the automaker said at an event live-streamed on May 28 from China.
The company sold three million cars in 2023 and has delivered almost one million in 2024 through April. One of every two hybrids sold in China is a BYD, underlining the extent to which they are a key revenue and profit driver for the manufacturer. Toyota on May 28 unveiled prototypes of a new generation of internal combustion engine that can run on hydrogen, gasoline or other fuels, alongside batteries.
Electric and hybrid vehicles alike are pushing the boundaries on range to tackle what some consumers still see as a detraction when switching from gas.