BYD has launched a new fuel- and cost-effective hybrid engine technology with the goal to become more competitive with major gasoline car brands, reports Reuters. BYD’s chairman Wang Chuanfu unveiled the fifth generation of the hybrid technology that has a record low fuel consumption of 2.9 litres per 100 km (62.1 miles) on depleted batteries at an event in Shaanxi province’s capital Xian.
With a fully charged battery and a full gasoline tank, the technology can ensure a driving range of 2,100 kilometers, Wang said in the city where the company’s first automaking factory was located.
BYD also launched sedan versions of its Qin L and Seal 06 models, both equipped with the new technology and priced from RMB 99,800 ($13,775).