BYD Formula S EV Launch

BYD Formula S EV

The BYD Formula S EV, as reported by Electrek, starts at under $29,000, making it cheaper than a Tesla Model 3. According to CarNewsChina, the Formula S series is part of BYD's Fang Cheng Bao and is targeted at the Xiaomi SU7 and Tesla Model 3.

Li Auto i9 EV and BMW iX3

CarNewsChina reports that Li Auto has launched the i9 EV in China, which has a drag coefficient of 0.215 Cd, making it the world's most aerodynamic mass-production SUV. Electrek notes that the BMW iX3 has received over 100,000 orders in Europe, accounting for about 1 in 3 EV orders.

Volvo PHEVs and Import Implications

Electrek states that Volvo's new XC60 and XC90 PHEVs have up to 78 miles of electric range, surpassing the Toyota RAV4. For someone importing into Egypt, the launch of these new models may lead to increased competition in the Egyptian market, as reported by these outlets.

Compiled from press reports. Read the originals:

• BYD undercuts the Tesla Model 3 with its new Formula S EV, starting at under $29,000 — Electrek
• BYD targets Xiaomi SU7 and Tesla Model 3 with new Fang Cheng Bao Formula S and S GT launch — CarNewsChina
• Li Auto launches i9 EV in China: world’s most aerodynamic mass-production SUV at 0.215 Cd — CarNewsChina
• BMW’s new iX3 looks like a hit, making up 1 in 3 EV orders in Europe — Electrek
• Volvo’s new PHEVs beat the Toyota RAV4 with up to 78 miles of electric range — Electrek