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BYD has revealed plans to launch a rival to Tesla's Cybertruck later this 12 months.
The Chinese language carmaker on Thursday launched images of the electrical pickup truck, which sports activities a brilliant orange and blue paint job.
It mentioned it plans to start out promoting the automobile someday in 2024, however didn’t announce pricing.
BYD's providing will face competitors from EVs together with the Cybertruck, which Tesla launched final 12 months, in addition to automobiles like Ford's F-150 Lightning and Toyota Hilux.
Tesla's Cybertruck.getty photographs
BYD doesn’t promote automobiles within the US and seems to don’t have any plans to take action within the close to future. It has opened new crops in latest months in a number of areas, together with Mexico and Hungary because it makes an attempt to develop gross sales exterior China.
Its newest announcement comes because it grapples with a pointy slowdown in gross sales of its electrical automobiles, which has led potential patrons around the globe to go for cheaper hybrid choices as an alternative.
BYD mentioned in a inventory change submitting on Monday that it offered about 300,000 EVs within the first three months of 2024, down 43% from the earlier quarter.
This implies Tesla relinquished its title because the world's high EV vendor, regardless of the corporate posting disappointing supply numbers.
The brand new automobile might be BYD's first new vitality pickup truck. Its EVs vary from the five-door Seagull hatchback, which sells for lower than $10,000 and was China's second-best-selling automobile final quarter, to the U9 supercar, which retails for greater than $200,000.