Chinese automaker BYD Co BYDDY has teased more images and specifications of its upcoming electric sedan Seal, CnEVpost reported on Wednesday, citing the company.
What Happened: BYD, backed by Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B), said the Seal model will go on sale in three range variants.
The standard range model will have a maximum combined range of 341.7 miles, while the long-range version will have a 435-mile range. The top variant will have a maximum range of 404 miles.
The top two variants are equipped with a 150kW and a 230kW rear-mounted electric motor respectively, while the top variant has a front and rear motor power of 390kW.
See Also: Tesla's China Sales Jumped 85.5% In March
Why It Matters: BYD chairman and president Wang Chuanfu had in September revealed the Seal as a concept at the launch of its e-platform 3.0 for pure electric vehicles. Seal is the production version of the Ocean-X revealed last year.
The e-platform 3.0 implies that the Seal would be equipped with the BYD Blade Battery.
BYD’s Seal is expected to compete with Tesla Inc’s TSLA most affordable electric sedan Model 3, a big volume generator for the Elon Musk-led company.
Price Action: BYDDY closed 0.86% lower at $56.6 a share on Tuesday.
Photo courtesy: BYD
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