The plug-in hybrid Destroyer 05 is the first sedan in BYD's Ocean series, with a subsidized price range of RMB 119,800 ($18,880) - RMB 155,800.

(Image credit: BYD)

BYD (OTCMKTS: BYDDY, HKG: 1211) today officially launched the plug-in hybrid Destroyer 05, the first sedan in its Ocean series, in China.

The model is available in five versions with a subsidized price range of RMB 119,800 ($18,880) - RMB 155,800. Three of them have a pure electric range of 55 kilometers and two have an electric range of 120 kilometers.

Consumers who buy the model can currently enjoy a 24-period zero-interest loan offer and a 2,000 yuan car replacement subsidy, according to BYD.

BYD unveiled the Destroyer 05 on November 19 last year, which is the second BYD model with a new logo after the Dolphin.

The vehicle has a length, width and height of 4,780/1,837/1,495mm respectively and a wheelbase of 2,718mm.

The Destroyer 05 is equipped with BYD's DM-i Super Hybrid system with a Snapdragon 1.5L engine, EHS system, and blade battery.

It has a peak power of 81 kW, peak torque of 135 Nm and a thermal efficiency of 43.04 percent.

The model can accelerate from 0-100 km/h in as fast as 7.3 seconds and consumes 3.8 liters per 100 km at the lowest charge.

The 120km pure electric range version of the Destroyer 05 supports 25kW fast charging and takes only 25 minutes to charge from 30 percent to 80 percent.

The model's lower price and low fuel consumption are expected to make it a preferred choice for price-sensitive groups, especially at a time when gasoline prices continue to rise.

It is also expected to help BYD reach its goal of selling 1.5 million new energy vehicles (NEVs) this year.

BYD announced its main goals for the year on February 11, the first of which is to serve 3 million NEV customers.

BYD did not directly mention its sales target for this year, but its cumulative sales of new energy passenger vehicles are about 1.51 million units by the end of 2021. This means that it is targeting about 1.5 million NEV sales this year, up 153 percent from the 593,700 units sold in 2021.