BYD, based out of Shenzhen, is increasingly pulling market share from Tesla in China, and the YangWang U8 goes straight to the high-end market. Exact pricing hasn’t been given, but the company says it will cost around the “million yuan” mark, which is about $145,000. That would make it one of the most expensive EVs in China until the U9 supercar goes on sale.
There’s no word on whether the YangWang U8 will come to the US, but BYD does have a US presence, with around 60% of its stocks owned by US investors, with Warren Buffet being the largest shareholder. However, no Chinese EV makers sell vehicles in the US due to the massive tariff on Chinese cars.
If YangWang were to bring its vehicles to the US, it would have to change its name here, that’s for sure. Or perhaps YangWang will rise to the occasion and impress Americans with the size of its portfolio?