December 2, 2020
car

Warren Buffett-backed Chinese car maker announces strong demand for its new luxury electric sedan

  • 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.



a silver car on display: Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show.


© Provided by CNBC
Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show.

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. 

The luxury

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