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The world’s leading EV maker, BYD, is taking aim at exotic car manufacturers like Ferrari and Lamborghini with the new Yangwang U9. BYD officially launched the Yangwang U9 electric supercar with a 0 to 62 mph (0-100 km/h) sprint in 2.36 seconds and a $233,400 (1,680,000 yuan) price tag.

BYD takes on new markets rivaling ICE car leaders

After launching its cheapest electric models (starting under $14,000), declaring a price war with gas-powered cars, BYD is taking aim at a new market.

BYD launched the Yangwang ultra-luxury brand last January, showcasing the off-road U8 and U9 electric supercar. In December, the brand began deliveries of its first vehicle, the U8 off-road SUV, with starting prices over $150,000 (1,089,000 yuan).

The luxury SUV has generated hype as a Mercedes G-Class and Land Rover Defender rival with 1,200 hp and premium features like tank turns and tire blowout stabilization.

BYD has even shown off the U8’s “float mode,” which helps the vehicle navigate through water during emergencies. In fact, the SUV made its debut in Europe at the 2024 Geneva Motor Show this week.

Last month, Yangwang introduced its first electric sedan, the U7. Info from China’s MIIT revealed the U7 features over 1,300 hp (960 kW) from four electric motors.

BYD-Yangwang-U7-leaked
BYD Yangwang U7 (Source: Yangwang)

Powered by a huge 135.5 kWh LFP battery pack from BYD’s FinDreams, the electric sedan has up to 497 miles (800 km) CLTC range. Starting prices are around $140,000 (1,000,000 yuan).

Meet the BYD Yangwang U9 electric supercar

After showing off the electric supercar’s dance moves last year, BYF officially launched the Yangwang U9 electric supercar this week.

BYD launched the electric supercar with a listing price of $233,400 (1,680,000 yuan). Buyers in China can now order and schedule production.

BYD-Yangwang-U9-supercar
BYD Yangwang U9 electric supercar (Source: BYD)

The company says the U9 “opens the era of pure electric supercars.” BYD claims the new EV is “The most powerful supercar in the pure electric era, surpassing the power performance of the V12 engine.

Powered by four electric motors, the U9 packs 1,287 hp (960 kW) and 1,200 lb-ft (1,680 Nm) torque for a 0 to 62 mph (0-100 km/hr) sprint in 2.36 seconds.

BYD-Yangwang-U9-supercar
BYD Yangwang U9 electric supercar (Source: BYD)

That’s faster than a Ferrari SF90 and Buggati Chiron, with an official time of 2.5 seconds. It’s also quicker than the Porsche 911 Turbo S (2.6 seconds).

With BYD’s Disus X full active body control system, the two-door coupe can jump, shake, and dance. It even comes with four different “dance mode” songs so you can dance to the beat.

BYD Yangwang U9 dancing (Source: BYD)

At 4,966 mm long, 2,029 mm wide, and 1,295 mm tall, the Yangwang U9 is roughly the size of the Lamborghini Aventador (4,943 mm L, 2,098 mm W, 1,136 mm H).

With an 800V system, the electric supercar can charge from 30% to 80% in 10 minutes. It also supports dual charging. Like the U8 SUV, the U9 includes premium features like tank turns.

BYD-Yangwang-U9-supercar
BYD Yangwang U9 electric supercar (Source: BYD)

BYD’s U9 electric supercar features 12 sets of multifunctional active and passive aerodynamics kits, including a 4-speed adjustable electric rear wing, active diffuser, and large carbon fiber rear wing.

BYD claims the U9 features “the smartest supercar cockpit” with DiLink and DiPilot. The EV also includes the “industry’s first self-developed racing assistant.” Covering nearly 30 tracks across China, racing assistant mode learns the track alignment of top drivers with timing accuracy within 0.01 seconds.

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Inside the Yangwang U9 electric supercar (Source: BYD)

Inside, the Yangwang electric supercar includes two LCD screens, a 10.25″ driver display, and a 12.3″ vertical center infotainment. Some configurations include a third, 10.25″ passenger screen.

Electrek’s Take

BYD has already declared a price war with gas-powered vehicles. With the launch of the new Dolphin Honor Edition, starting under $14,000, and Qin Plus EV for $15,000, BYD is “officially opening a new era of electricity is lower than oil.”

The entry-level EVs will take on mass-market automakers like Toyota. Now, BYD is taking on a new market, and it’s exotic car makers like Ferrari and Lamborghini that should be worried.

Ferrari’s SF90 Stradale is more than double the price of BYD’s new Yangwang U9 electric supercar at $524,000. The Buggati Chiron starts at $3.3 million.

After dominating its home market, BYD is quickly expanding overseas. It’s already leading EV imports in key markets like Japan and Thailand. The automaker is even considering a plant in Mexico to serve as an export hub to the US.

Ford’s CEO Jim Farley said the American automaker is working on affordable EVs to compete with Chinese automakers like BYD. Farley said if you cannot compete with the Chinese, “then 20% to 30% of your revenue is at risk.”

It’s not only mass market brands that should worry about falling behind with electrification, premium brands could start to feel the heat now too.

Source: CarNewsChina, BYD Weibo

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Volvo reveals $28,000 EX30 starting price in China as low-cost BYD rival

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Volvo reveals ,000 EX30 starting price in China as low-cost BYD rival

The cheapest Volvo EV so far was officially launched in China over the weekend. Volvo launched the EX30 in China with a low starting price of $27,800 (200,800 yuan) as the automaker takes on BYD head-on in its home market.

In the first quarter of the year, “thousands of customers across Europe got behind the wheel of an EX30,” as Volvo gears up to begin deliveries in key markets, including the US, China, and South Korea.

Volvo is preparing to launch its low-cost EV in over 90 countries by the end of 2024. Although the EX30 is already living up to its promise as a profitable growth driver, Volvo expects even more.

EX30 production began last fall in Zhangjiakou, China, as Volvo prepares to launch an EV offensive. To meet the growing demand for affordable EVs in Europe, Volvo announced it would build the EX30 at its Ghent Plant in Belgium from 2025.

Volvo’s EX30 led to a new global sales record in Q1, but the automaker expects even bigger results as its low-cost EV hits the world’s largest electric car market.

Volvo-EX30-price-China
Volvo EX30 for China (Source: Volvo)

Volvo EX30 price revealed in China starting at $27,800

Volvo officially launched the EX30 in China on Sunday with a starting price of 200,800 yuan ($27,800).

The base RWD core model features up to 410 km (255 miles range). It’s available in four trims: RWD Core, RWD Long Range Plus, RWD Long Range Ultra, and a high-performance AWD Ultra model.

Volvo EX30 trim Range
(CLTC)
Starting Price
RWD Core 255 mi (410 km) $27,800 (200,800 yuan)
RWD Long Range Plus 366 mi (590 km) $30,300 (219,800 yuan)
RWD Long Range Ultra 366 mi (590 km) $32,100 (232,800 yuan)
AWD High-Performance Ultra 335 mi (540 km) $35,400 (255,800 yuan)
Volvo EX30 price and range by trim in China

Powered by either a 49 kWh lithium-ion (RWD Core) or 66 kWh ternary lithium battery, the EX30’s fastest recharge time (10% to 80%) is 26 minutes.

You can see Volvo included new signature design elements like Thor Hammer LED headlights and a closed grille.

The China-made EX30’s rear features the logo “Volvo Asia Pacific,” which indicates where it was built.

Inside, you will find a modern, simplistic layout. Included is a 12.3″ vertical infotainment with hidden air conditioning units. The three-spoke steering wheel includes touch controls for key features. In addition, Volvo used environmentally friendly recycled materials like flax fiber and denim.

At 4,233 mm long, 1,838 mm wide, and 1,555 mm tall, the EX30 will rival BYD’s best-selling Atto 3 SUV (4,455mm X 1,875 mm X 1,615 mm) and Dolphin (4,290 mm X 1,570 mm X 1,770 mm) electric hatch in China.

Electrek’s Take

BYD was the best-selling car brand in China last year after overtaking Volkswagen. After slashing prices and declaring a “liberation battle” against ICE vehicles, BYD hit a new weekly sales record in China earlier this month.

Through May 12, BYD had over 101,300 registrations in China, outpacing rivals Tesla, Li Auto, NIO, and XPeng.

Its cheapest EV, the Seagull Honor Edition, now starts at just $9,700 (69,800 yuan). Perhaps, more importantly, BYD is expanding into new segments like luxury and mid-size SUVs.

BYD launched the Sea Lion 07, its first “mid-size urban smart electric SUV,” this month, undercutting Tesla’s Model Y with starting prices of $26,250 (189,800 yuan).

Volvo is also gearing up for an EV offensive, with its EX30 rolling out into new markets. The EX30 will start at $34,950 (plus a $1,295 delivery fee) in the US, and deliveries are expected to begin this summer.

The company is also launching its first three-row electric SUV, the EX90. In China, Volvo began production of its first luxury electric minivan, the EM90.

Volvo’s lineup will include the EX30, EX40, EC40, EM90, and EX90. With the launch of new EVs, Volvo expects demand to “remain robust” over the next few quarters.

Can Volvo’s new EX30 help it keep up with EV leaders like BYD in China starting under $28,000? Let us know your thoughts in the comments below.

Source: CarNewsChina, Volvo

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Tesla releases update to remove steering wheel nag, shuts down sunglasses loophole

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Tesla releases update to remove steering wheel nag, shuts down sunglasses loophole

Tesla has started pushing its new Full Self-Driving (FSD) v12.4 update, and it confirmed the removal of the “steering wheel nag”, but it improved camera-based driver monitoring, including shutting down the sunglasses loophole.

As usual, Elon Musk has been hyping up the next Tesla FSD update as “mind-blowing”, but this time, he went beyond the superlatives and released a few verifiable details about the update.

Musk said that v12.4 should result in a 5 to 10x improvement in miles per intervention. It’s going to be hard to verify because Tesla never released that data for previous versions of the software, but we do have some crowdsourced data that we could compare it to.

The CEO also said that v12.4 would remove what most people call “steering wheel nag.”

“Steering wheel nag” is what Tesla drivers call the alerts the vehicle sends to remind drivers to apply pressure on the steering wheel. Tesla doesn’t have a way to detect hands on the steering wheel, so it can “confirm” drivers keep their hands on it – by detecting torque being applied on the wheel.

Tesla has started to push the update to its internal fleet this weekend and now we have more details about the changes in driver monitoring.

The automaker wrote in the release notes of the update (via Not a Tesla App):

When Full Self-Driving (Supervised) is enabled, the driver monitoring system now primarily relies on the cabin camera to determine driver attentiveness. This enhancement is available on vehicles equipped with a cabin camera and only when the cabin camera has clear and continuous visibility of the driver’s eyes (e.g., the camera is not occluded, there is sufficient cabin illumination, and the driver is looking forward at the road ahead and not wearing sunglasses, a hat with a low brim, or other objects covering the eyes).

Tesla warns that there will still be some steering wheel nag if outside of the circumstances listed above:

Outside of these circumstances, the driver monitoring system will continue to rely on a combination of torque-based (steering wheel) and vision-based monitoring to detect driver attentiveness.

The automaker also commented on how the camera-based driver monitoring is going to work:

If the camera detects the driver to be inattentive, a warning will appear. The warning can be dismissed by the driver immediately reverting their attention back to the road ahead. Warnings will escalate depending on the nature and frequency of detected inattentiveness, with continuous inattention leading to a Strikeout.

While we have yet to see this in practice, it does sound like Tesla might be relaxing the frequency of alerts on that front, too, as long as the driver is paying attention.

Tesla is trying to reassure everyone that the camera data from the cabin doesn’t leave the vehicle:

Cabin camera images do not leave the vehicle itself, which means the system cannot save or transmit information unless you enable data sharing.

Tesla is expected to start pushing the v12.4 update to the wider fleet this week.

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Oil little changed after Iran’s president dies in helicopter crash

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Oil little changed after Iran's president dies in helicopter crash

Iranian President Ebrahim Raisi looks on during a TV interview, in Tehran, Iran May 7, 2024. 

Iran’s Presidency | WANA | Via Reuters

Crude oil futures were little changed Monday after Iran’s president and foreign minister died in a helicopter crash.

President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian perished in the crash in Iran’s East Azerbaijan province in poor weather.

Here are today’s energy prices:

  • West Texas Intermediate June contract: $79.78 a barrel, down 28 cents, or 0.35%. Year to date, U.S. crude oil is up 11.3%.
  • Brent July contract: $83.77 a barrel, down 21 cents, or 0.25%. Year to date, the global benchmark is up 8.8%.
  • RBOB gasoline June contract: $2.56 a gallon, down 0.54%. Year to date, gasoline futures have gained 21.7%.
  • Natural gas June contract: $2.65 per thousand cubic feet, up 1%. Year to date, gas is up 5.8%.

Policy in OPEC’s third-largest producer is not expected to change, with Vice President Mohammad Mokhber taking over as interim president as the country prepares for new elections within 50 days.

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WTI vs. Brent

In Saudi Arabia, OPEC’s largest producer, King Salman is undergoing treatment for a lung infection.

Oil Prices, Energy News and Analysis

U.S. crude oil and Brent booked modest gains last week, but remain stuck in a narrow range as traders look for a catalyst that could lift prices out of the doldrums.

OPEC and its allies, led by Russia, will hold a meeting on June 1 to review production policy. A coalition of OPEC+ members are voluntarily cutting output by 2.2 million barrels per day to support prices.

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