- Demand for luxury electric sedans is on the rise in China.
- In just over two months, orders for a newly launched premium electric sedan from Warren Buffett-backed automaker BYD have topped 40,000, the Chinese car maker disclosed at the Beijing auto show.
- Chinese electric vehicle start-up Xpeng, which listed in New York last month, also said on the weekend that demand for its P7 luxury sedan is on the rise.
BEIJING — Demand for luxury electric sedans is on the rise in China.
In just over two months, orders for the “Han” line of electric cars from BYD — a Chinese automaker backed by billionaire Warren Buffett — have topped 40,000, the company disclosed at the Beijing auto show this past weekend.