China's BYD to launch new EV platform next year - exec

Credit: REUTERS/TINGSHU WANG

China's electric vehicle (EV) maker BYD will launch a new EV product and manufacturing platform next year, a company executive said on Tuesday.

SHANGHAI, Oct 27 (Reuters) - China's electric vehicle (EV) maker BYD 002594.SZ will launch a new EV product and manufacturing platform next year, a company executive said on Tuesday.

Lian Yubo, senior vice president of BYD, made the remarks to an industry conference in Shanghai. It will cost less to manufacture new models using the new platform and the vehicles will have longer driving range per charge, the executive added.

Automakers from Volkswagen AG VOWG_p.DE to Geely 0175.HK have introduced vehicle underpinning platforms to develop new models more efficiently.

(Reporting by Yilei Sun and Brenda Goh; Editing by Himani Sarkar)

((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More