As the Biden Administration Increase taxes to exclude Chinese electric cars of the US, one of the country’s largest auto manufacturers is continuing to step up its penetration into America’s southern neighbor.
Just hours after President Biden announced a quadrupling of tariffs on Chinese electric vehicles to more than 100% as part of a new tax hike, BYD has revealed a new plug-in hybrid pickup truck to the market. Mexican school. Reuters reports. It is only available in that country, the report added, marking the first time BYD has launched a new product outside of its home country of China.
The Shark competes with midsize trucks like the Ford Ranger and Toyota Tacoma that are popular in the US but also has 60 miles of electric range and 31.4 mpg equivalent, according to Reuters, citing specifications from the document. BYD.
BYD Shark plug-in hybrid pickup truck
Reuters notes that the Shark will also be more expensive than most rival pickup versions in Mexico, with prices starting at 899,980 pesos (or $53,442 at current exchange rates) for the base Shark GL and 969,800 pesos (57,588 USD) for the premium version. GS shark.
BYD chose Mexico as the launch market for Shark because it expects rapid growth in demand for pickup trucks, Stella Li, the company’s director for the Americas, said in a report. Interview with Reuters. Li added that BYD plans to build a factory in Mexico, but has no plans to sell vehicles in the US and is therefore not affected by the tariff increase.
BYD Shark plug-in hybrid pickup truck
While American consumers won’t get a chance to taste the Shark, several other automakers are planning (or at least considering) plug-in hybrid pickup trucks in a variety of sizes. .
The 2025 Ram 1500 Turbocharger will offer a V-6 engine and large battery pack in a hybrid layout aimed at achieving 145 miles of electric range in a full-size pickup truck. Rival General Motors is also said to be Rush forward with the plug-in hybrid pickup truck as it rethinks its product strategy for electric vehicles.
Volkswagen is also said to be considering it a plug-in hybrid pickup for the US—perhaps closer in size to the BYD Shark than the Ram and GM trucks. Nissan is also considering a hybrid pickup truckpotentially taking advantage of Mitsubishi-based plug-in hybrid systems authorized through its alliance.
