Automakers are competing to roll out faster, more luxurious, more feature-drenched electric vehicles in the technology’s biggest, most crowded market.
China's BYD Auto, which competes with Tesla Inc. for the title of world’s biggest-selling electric automaker, says it will display for the first time its U9from its luxury Yangwang brand. The automaker says the U9, with a 1 million yuan sticker price, can accelerate from zero to 100 kph in two neck-straining seconds.
The ruling party's support for EV development is part of plans to gain wealth and global influence by transforming China into a creator of profitable technologies.
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