BYD has launched the Yuan Plus in Madagascar, known locally as the Atto 3, expanding its African footprint to 12 markets.

BYD (HKG: 1211, OTCMKTS: BYDDY) has launched the Yuan Plus in Madagascar, further expanding its African footprint.

The Chinese new energy vehicle (NEV) maker officially rolled out the model, known locally as the Atto 3, at an event in Madagascar's capital Antananarivo on October 9 with dealer partner CFAO, according to an announcement yesterday.

The Yuan Plus is BYD's first all-electric SUV (sport utility vehicle) model built for the global market, and is available in multiple overseas markets under the Atto 3 name.

The model was first launched in China in February 2022, and is the first SUV to be built on BYD's all-electric e-platform 3.0.

In Africa, BYD brought the Yuan Plus to Rwanda in January and the model to Tunisia in July.

BYD sold 419,426 NEVs in September, up 45.91 percent year-on-year and up 12.42 percent from August, according to data it released on October 1.

In September, BYD sold 33,012 NEVs in overseas markets, up 17.74 percent year-on-year and up 4.96 percent from August.

The BYD Yuan family sold 45,618 units in September, up 38.84 percent year-on-year and up 8.15 percent from August.

($1 = RMB 7.0758)

JP Morgan expects BYD to reach 6 million global deliveries by 2026