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 (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 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 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 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.
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.
T1 Energy (NYSE: TE), formerly FREYR Battery, kicks off preparations for its new solar cell factory, set to be one of the largest in the US.
T1 Energy has chosen Yates Construction as the contractor for preconstruction services and site preparations for its planned $850 million, G2_Austin 5 GW Solar Cell Facility.
The G2_Austin site is in Milam County, Texas, in the Advanced Manufacturing and Logistix Campus at Sandow Lakes.
It’s expected to create up to 1,800 new direct US advanced manufacturing jobs. Construction is on track to kick off in mid-2025, and the facility is expected to begin producing cells by the end of 2026. There are currently far fewer solar cell manufacturing sites in the US than solar module factories, according to the SEIA.
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On December 24, FREYR announced that it had closed its acquisition of China-headquartered Trina Solar’s 5-gigawatt (GW), 1.35 million-square-foot solar panel factory in Wilmer, Texas. The company renamed the factory G1_Dallas, which employs more than 1,000 people and is now fully online.
Daniel Barcelo, T1’s chairman of the board and CEO, said, “Our facilities will manufacture solar cells and modules to invigorate our economy with abundant energy. We’re excited to work with Yates and Milam County to bring American advanced manufacturing to the heart of Texas and to unlock our most scalable energy resources.”
T1 Energy says it anticipates finalizing commercial terms with Yates Construction as General Contractor.
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The EV2 is set to arrive as Kia’s smallest and most affordable electric vehicle next year. With its official debut coming up, the electric SUV was spotted driving on public roads. The electric SUV may be small, but it looks bigger in person.
Kia’s new EV2 is an affordable, small electric SUV
Kia has yet to say precisely how big the EV2 will be, but it’s expected to be around 4,000 mm (157″), or slightly smaller than the EV3 at 4,300 mm (169.3″). That’s even more compact than the outgoing Chevy Bolt EV (163.2″).
During its EV Day event in April, Kia unveiled the Concept EV2, a preview of the entry-level EV that will sit below the EV3.
Although it’s the brand’s smallest EV, Kia promises that it will feel larger when you’re inside. The EV2 sits higher than you’d expect with a wide front end, giving it a bigger presence on the road, similar to the three-row EV9.
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We got a sneak peek at Kia’s affordable EV last month after it was spotted testing on public roads in Korea, but the latest sighting gives us a closer look at the EV2 in its production form. The new video from HealerTV reveals a few details that could look a little different from the concept.
Kia’s new entry-level EV2 spotted driving in public (Source: HealerTV)
The footage shows what appears to be different daytime running lights (DRLs). When Kia unveiled the Concept EV2 in April, it featured a unique split vertical headlight design.
The EV2 spotted driving still has the split design, but both the inner and outer lights appear to be angled more inwards. It’s not a huge difference, but given most of Kia’s new EVs look almost identical to the concepts, this could be something to keep an eye on.
Prices, specs, and more
Despite being an entry-level model, the EV2 is still equipped with advanced technology and features, including vehicle-to-load (V2L) capability, which allows it to power a campsite, home appliances, and other electronics. With OTA updates, it will only get smarter and more advanced over time.
The interior will feature Kia’s new ccNC (connected car Navigation Cockpit), which features dual 12.3″ driver cluster and touchscreen navigation screens in a panoramic display.
Like its other new EV models, it’s also expected to include a 5″ climate control display for nearly 30″ of screen space.
Kia plans to launch the EV2 next year in Europe and “other global regions.” For those in the US, sorry to disappoint, but it’s not expected to make the trip overseas. We do have the EV4, Kia’s first electric sedan, to look forward to.
Kia Concept EV2 (Source: Kia)
We will learn prices and final specs closer to launch, but given it will sit below the EV3, it will likely be cheaper than that.
The EV3 starts at £32,995 ($44,800) in the UK and €35,990 ($41,600) in Europe. Kia’s CEO, Ho-Sung Song, told Autocar in 2023 that the company aims to launch the EV2 at around £25,000 ($32,000) in the UK. With new battery technology and other advancements, it could be even more affordable when it arrives next year.
It’s not a Kia or Hyundai, but the Musso EV pickup truck is shaking up the Korean Market. After the first models left for Europe, the company’s CEO is already saying it will be a “driving force” as it goes on a global conquest.
Korea has a new EV pickup that’s going global
During an event celebrating the first exports of its new Musso EV and Torres HEV pickup trucks, KG Mobility’s CEO, Kwak Jae-Seon, said the new models “have already received favorable reviews and garnered much attention from reporters and sales agents.”
KG Mobility (KGM) expects them to serve as “a driving force” as it expands exports into new global markets. The first Ro-Ro (Roll-on/Roll-off) hit the seas on June 12 carrying 983 vehicles, 184 Musso EVs, and 799 Torres HEVs.
The vessel is headed for Europe, where the first models will be sold in Germany, Spain, Norway, Hungary, and other markets, starting in August.
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Jae-Seon, who personally drove the Musso EV onto the car carrier, said during the event that pickup is now on a “full-scale conquest” as it rolls out globally.
KG Mobility Musso EV and Torres HEV pickup launch event (Source: KG Mobility)
KGM’s EV pickup has already generated quite the buzz in Korea, beating Hyundai and Kia to the first fully electric pickup truck.
After launching the Musso EV pickup in Korea in March, the company announced it had secured over 3,200 orders in two weeks. The Special Edition model sold out in an hour and a half.
KGM promotes the vehicles as “a new alternative to mid-size SUVs” that’s more useful as an everyday ride with more interior space.
Measuring 5,160 mm long, 1,920 mm wide, and 1,740 mm tall, the electric pickup is about the size of a Ford Ranger (5,225 mm long, 1,910 mm wide, and 1,866 mm tall).
KGM Musso EV electric pickup truck interior (Source: KGM)
The infotainment system looks a lot like new Hyundai and Kia EVs with a dual 12.3″ driver cluster and touchscreen navigation screens in a panoramic display.
It also comes with a Land Rover-like ClearSite Ground View camera, allowing you to see what’s beneath you through several strategically placed cameras.
The electric pickup is powered by an 86.6 kWh LFP battery, providing a range of nearly 250 miles (400 km). With up 200 kW fast charging, it can recharge to 80% in 24 minutes.
KGM’s Musso EV is available in both single (FWD) and dual-motor setups. The FWD version features a 152.2 kW front motor, producing up to 207 horsepower, while the AWD model boasts up to 413 horsepower. It can tow almost 4,000 lbs (1.8 tons) and includes a “trailer sway function” to stabilize the vehicle while towing.
The Musso EV pickup starts at 48 million won, or about $35,000. With incentives, KGM says the purchase price is closer to 39.62 million won ($29,000).
With more monthly exports in May than it has in 10 years, KGM expects the Musso EV pickup to accelerate the momentum.
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