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BYD’s “5-4-2” performance standard for New Energy Vehicles; 3 models over 3 years

Using the recent Beijing Auto Show as its stage, BYD introduced its new “5-4-2” New Energy Vehicle performance standard and a series of cars designed to meet it. “5” represents the maximum time in seconds to accelerate from zero to 100 km/h (0-60 mph in less than 5 seconds) in future car models. “4” stands for the number of wheels under power; BYD’s future new energy cars will be integrated with all-wheel drive. “2” stands for the maximum liters of gasoline maximum that will be consumed for 100 km traveled in a BYD car—i.e., 2.0 l/100 km, or 118 mpg US.

BYD introduced its first 5-4-2 vehicle at the show, the Tang plug-in hybrid SUV. Tang accelerates from 0 to 100 km/h in only 4.9 seconds, has a 2.0-liter turbocharged engine paired with two electric motors and consumes less than 2L of fuel in 100 km traveled.

“This is not just a dream. In the electronic era, we can do things we couldn’t do in the mechanical eras.”
—BYD Chariman Wang Chuanfu

Tang has two modes for 4WD and four driving modes. In electric (EV) mode, it applies “all-time” 4WD with zero fuel consumption. In hybrid (HEV) mode, it applies “real-time” 4WD and consumes less than 2 L for 100 km traveled.

BYD said it will introduce a super-hybrid in 2016, the “Ming” that will be powered by four independent, in-wheel driving motors, which can make one wheel steering forward while one wheel steering backward on opposite wheels to rotate in place. The Tang, the Han for 2015 and the Ming for 2016 will all meet the 5-4-2 standard.

Last year, BYD launched its Qin plug-in hybrid (earlier post) with a racing competition in Beijing. Qin beat 19 cars including a Porsche 911, Golf GTI and some other well-known vehicles accelerating from 0 to 100 km/h in only 5.9 seconds. Qin has become the top selling New Energy Vehicle in China with sales just under 2,000 units per month now, despite being launched in only two Chinese city markets (Tianjin and Shanghai).

BYD Chairman Wang Chuanfu said when the Tang is launched in Beijing this year, there will be another race. If any challenger of any standard-stock luxury class car beats Tang, BYD will provide a reward of 10,000 RMB (US$1,600) per challenger.

At the show, BYD emphasized that it is not phasing out its conventional car line-up. BYD’s “Green Mobility” evolution applies to the conventional car and New Energy Vehicles equally.

Comments

Nirmalkumar

BYD MAY BE THE FIRST TO MASS PRODUCE AN AFFORDABLE PLUG IN OR ELECTRIC CAR.

GreenPlease

WHY ARE YOU SHOUTING?

HarveyD

Purchase and import of these Chinese 5-4-2 muscle, high efficiency, AWD, HEV vehicles will be difficult to block, specially if the price is right.

To consume an average of less than 2L/100Km, the battery pack is probably over 25 kWh.

The world needs 1T of those.

Smeeg

Bring it on.

e6 Introduction
The e6 is a long-range, pure-electric utility vehicle. It is a cross between a sedan and an SUV with superior interior space (over 88.3 cu-ft or 2.5 m^3). With over 800 operating as public eTaxis, the e6 fleets have an accumulated range of over 45 million miles (72M km as of May 1st, 2013). The nominal range of the BYD e6 on a single charge (in an eTaxi duty-cycle) is about 186 miles (300 km) and it operates two shifts for nearly 24 hours with one mid-day supplemental charge.

HarveyD

Yes, BYD's electric cars, SUVs, trucks, buses etc will become success stories in the near future.

Mr. Buffet made a good move and will benefit again.

Will BYD succeed to import their excellent electric vehicles in USA? Mr. Buffet and Mr. Gates may have to give a helping hand.

TM

Follow Buffet's lead and buy some BYD stock. Ticker BYDDY.

Seems less risky than buying TSLA at $200 / share.

But you never know. If you believe in BYD, then you have a chance to own some in the $10 range.

Time will tell if they can mass produce these as well as Tesla.

Herman

The e6 Cut-and-Paste from the BYD web site misses a few things:
-- It only sold about 1500 units in the world's largest auto market, almost all to government-driven taxicab purchases
-- The "huge" cargo space is a bit of a red herring: the max cargo and passenger load of 375kg is a bit less than a fully-fuelled RAV4.
-- BYD posts only the 0-60kph number because it is a heavy, sluggish car
-- They abandoned plans to export to the US primarily because it couldn't even sell well in China, but also because potential US fleet customers (like Hertz) found it disappointing and expensive. BYD didn't even try to submit crash data.
-- You can check fueleconomy.gov for the 2012 e6: it has a range of 122mi. Good but nowhere close to 186mi.

But now they claim to be beating the world in every category. OK. Just do what you need to do to export to EU and US and let's see how it does. Great Wall was able to pass all the import requirements successfully with a MUCH smaller and non-politically connected operation, so BYD should do fine. (By the way: now that BYD did all the normal bureaucratic crap that's needed in CA, they officially opened their bus factory in Lancaster with the Hon. Gov. on hand for two bus deliveries -- LB Press-Telegram 28 April, unless you want to keep believing eeeeevil forces keep Chinese products from entering the US. )

As with all forms of securities, buy BYDDY with an understanding of risk. It took a double-digit dive in April after the earnings "surprise" following a 24% drop in China sales, despite enormous support from the Central government.

TM

Herman, I'd click the LIKE button on your post if they had one to click. Good points.

HarveyD

With Mercedes' help, BYD will build excellent solid electric cars, light & heavy trucks and buses, for the local and export markets, in the very near future.

BYD is in the e-vehicle and battery business for the long haul.

A few more JVs may be required but it will succeed.

Tesla has a good product but the shares may be overpriced. The mega battery factory will put a major strain on Tesla's finances unless it gets more government help.

Roger Pham

@Nirmalkumar,
That level of performance is good for high-end flagship models, but hardly for affordable mass produced vehicle.

An affordable PHEV should need only a 1-liter engine, 80 kW of motor and 10 kWh of battery.

Ford and GM already are mass producing affordable PHEV's, when one consider the savings in fuel cost and maintenance cost will more than offset the higher sticker prices of those PHEV's.
The sizes of the battery pack and the heavy weight of those PHEV's limit popular appeal, but these vehicles from Ford and GM either have too big a battery pack, too big engines and too big fuel tanks. When those are sized appropriately, PHEV's will no doubt gain mass popular appeal!

HarveyD

RP....near term 2-2-2 and 3-3-3 batteries will also help to make more affordable PHEVs by 2018 or so.

Taking 30% off the car body weight by using more aluminium, magnesium and composites parts would also help.

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