China’s largest electric car maker BYD on Thursday unveiled the first models from its new luxury brand as it aims to take on established groups such as Mercedes-Benz and BMW at the premium end of the market.
The Warren Buffett-backed group is hoping its Yangwang U8 sport utility vehicle and the U9 sports car will give it an extra edge as it steps up efforts to become a global carmaker.
The company, which no longer produces combustion engine models, is one of several Chinese carmakers preparing to use electric cars to break into overseas markets.
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