Global NEV Leader BYD Unveils Premium Brand Yangwang U8 Worth Nearly $160,000 at Shanghai International Auto Show, Attracting Numerous Attention

SHANGHAI, Apr 26 (SMM) - BYD, who ranks top in (new energy vehicles) NEV sales not only in China, but also the globe, has unveiled its first premium brand Yangwang U8 worth 1.09 million yuan ($157,400) at the ongoing Shanghai International Auto Show. Visitors were queuing up for at least one hour just to get a glance at the car. Even the executives of foreign luxury brands like Ferrari, Porsche and Lamborghini came to have a close look at the car.

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It was reported that Yangwang U8 had received more than 30,000 orders. This figure is astonishingly amazing because the orders for Mercedes-Benz S, which was sold the most among the luxury auto brands with a starting price of at least 1 million yuan in China last year, were merely more than 20,000 units.

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