The leading global manufacturer of new energy vehicles (NEV), Chinese BYD (Build Your Dreams), has officially arrived in the Croatian market. BYD has built a strong global presence and operates in over 80 countries across six continents. Last year, BYD recorded revenues of nearly 100 billion euros, and an ambitious plan has been set to sell 5.5 million vehicles globally by 2025. The opening of the company in Croatia is an important step in BYD’s expansion across Europe, significantly enriching the offer of sustainable vehicles in the region, according to the statement.
Founded in 1994, BYD is the only new energy vehicle manufacturer that has developed its own drive systems, batteries, automotive semiconductors, as well as engines and motor control systems. In November of last year, BYD became the first car manufacturer in the world to reach a production threshold of 10 million new energy vehicles – a historic figure that testifies to the company’s strong commitment to sustainable development. As a technology company, BYD employs over 120,000 engineers and technicians in research and development and files more than 45 new patent applications every working day. The company employs over a million people worldwide.
– At BYD, our mission is to make sustainable technologies available to as many customers as possible. Therefore, every new market in Europe is extremely important to us, and establishing a presence in the Croatian market represents another milestone in our expansion. The development of the electric vehicle market, as well as plug-in hybrids, in Croatia shows a positive trend, and we are proud to offer top-notch technology and innovative solutions through our advanced vehicle lineup, – stated Stella Li, Executive Vice President of BYD.
Distribution Network in Croatia
Four models are initially available to Croatian customers: three fully electric models BYD SEAL, BYD SEAL U, and BYD SEALION 7, as well as the plug-in hybrid model BYD SEAL U DM-i, available through the distributors Auto Hrvatska and Harmony New Energy Auto Service Zagreb.
BYD Seal is a fully electric sports sedan that utilizes advanced technologies developed at BYD: e-Platform 3.0, Cell-to-Body technology, and an 8-in-1 drive system. The vehicle’s premium architecture combines high driving dynamics, advanced technology, long-range capability, and fast charging to ensure an exciting driving experience that is also environmentally friendly. The premium design is confirmed by the prestigious iF Design Award 2023.
BYD Seal U is the SUV version of the BYD Seal model, offering the same high standards of quality, technology, and safety, with the added advantage of a higher driver position. BYD Seal U DM-i is BYD’s first plug-in hybrid in Europe with Super DM (Dual Mode) technology that offers numerous advantages such as energy efficiency, low fuel consumption, high driving performance, and comfort. The Super DM technology prioritizes electric power with minimal reliance on fuel, allowing this model to achieve a range of up to 1080 kilometers when fully charged.
BYD Sealion 7 is a premium full-size SUV with the fastest electric motor in the world in mass production, reaching up to 23,000 rpm. It is designed for customers seeking a sporty (0-100 km/h in just 4.5 seconds), family vehicle with impeccable environmental characteristics. Like the SEAL, it utilizes e-Platform 3.0 and Cell-to-Body advanced technology developed at BYD.
Reassessing European Operations
BYD is reassessing its European operations following misguided strategic steps, including the failure to sign a sufficient number of dealers and hire executives with knowledge of the local market, as well as offering hybrids in markets resistant to fully electric vehicles, six current and former BYD executives told Reuters.
