Warren Buffett-Backed Tesla Rival BYD Teases Upcoming Electric Sedan With More More Images, Specs

Chinese automaker BYD Co BYDDY has teased more images and specifications of its upcoming electric sedan Seal, CnEVpost reported on Wednesday, citing the company.

What Happened: BYD, backed by Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B), said the Seal model will go on sale in three range variants.

The standard range model will have a maximum combined range of 341.7 miles, while the long-range version will have a 435-mile range. The top variant will have a maximum range of 404 miles. 

The top two variants are equipped with a 150kW  and a 230kW rear-mounted electric motor respectively, while the top variant has a front and rear motor power of 390kW.

See Also: Tesla's China Sales Jumped 85.5% In March

Why It Matters: BYD chairman and president Wang Chuanfu had in September revealed the Seal as a concept at the launch of its e-platform 3.0 for pure electric vehicles. Seal is the production version of the Ocean-X revealed last year.

The e-platform 3.0 implies that the Seal would be equipped with the BYD Blade Battery.

BYD’s Seal is expected to compete with Tesla Inc’s TSLA most affordable electric sedan Model 3, a big volume generator for the Elon Musk-led company. 

Price Action: BYDDY closed 0.86% lower at $56.6 a share on  Tuesday.

Photo courtesy: BYD

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