BYD rescheduled the official launch of its flagship Datang electric SUV from late May to June 8. Pre-orders for the luxury three-row vehicle surpassed 100,000 units following its Beijing Auto Show debut.
High demand for the new Blade Battery 2.0 and ultra-fast charging system created production bottlenecks. CEO Wang Chuanfu confirmed that manufacturing capabilities currently trail the surge in orders for this new technology.
The SUV features a competitive starting price under $37,000 in the Chinese market.
BYD shares fell 2.8% in Hong Kong on May 18 amid a broader Chinese electric vehicle sector downturn. Investors cited concerns regarding potential overcapacity and an ongoing industry price war.