Industry dynamics

BYD's DM-i hybrid technology-equipped models receive first overseas orders

Publishtime:1970-01-01 08:00:00 Views:27

BYD's car dealership in Colombia has introduced the first 500 units of the Qin PLUS DM-i and Song PLUS DM-i models.

(Image credit: BYD)

BYD's car dealership in Colombia, Motores Y Maquinas SA (Motorysa), has introduced the first 500 units of the Qin PLUS DM-i and Song PLUS DM-i models, the first wholesale orders for BYD's models with DM-i super hybrid technology in overseas markets.

BYD (OTCMKTS: BYDDY, HKG: 1211) announced the news on Monday, saying that Motorysa held a launch event in Bogota, the South American country's capital.

The two models, which have a trendy and futuristic design and are powered by the DM-i super hybrid platform, will continue to drive the development of Colombia's new energy vehicle (NEV) industry, said Marco Pastrana, general manager of Motorysa.

In August 2019, Colombia presented its national strategy for electrification and sustainable transport development, with the goal of reaching 600,000 NEVs by 2030.

BYD entered the Colombian passenger car market in 2019, and then joined hands with Motorysa to develop the local electric passenger car business. So far, BYD has delivered thousands of electric passenger cars in Colombia, according to a press release.

BYD unveiled its DM-i super hybrid technology on January 11, 2021, which is an electric drive-based hybrid technology that enables vehicles to have a combined range of more than 1,200km.

BYD announced three models with the technology at the time - Qin PLUS DM-i, Song PLUS DM-i, and Tang DM-I. The current price range for these models in China is RMB 111,800 ($17,600) to 195,800 yuan.

BYD sold 88,283 NEVs in February, up 752.6 percent year-on-year and down 5.2 percent from 93,168 units in January, figures it released earlier this month showed.

That includes 87,473 passenger cars, and 810 commercial vehicles. Sales of the DM series passenger cars were 44,300 units, while sales of EV models were 43,173 units.