Supposed battery and electric car maker BYD is giving Chinese car makers reasons to be worried. While BYD’s electric cars get all the headlines, BYD’s conventionally powered and aggressively priced F3 car has been a Chinese chart topper for many months. The F3 is one of the best-selling sedans in the Chinese market. As many months before, BYD’s F3 did lead China’s November sedan sales. Now, BYD is making this car abroad.
According to Gasgoo, BYD Auto has rolled out its first locally produced car in Egypt. After cooperating with a local automaker for four years, BYD has started selling the popular BYD F3 made in Egypt, with a retail price equivalent to US$11,000.
BYD has set up a CKD (completely knocked-down) assembly plant in the African country. More reason to get worried: While other Chinese companies are ditching overseas plans and plants, BYD plans to set up 40 overseas plants by 2025.
I sat in a F3 two days ago. Admittedly, it was dark. Admittedly, I had a driver. But the car was roomy, had a big trunk and the looks and size of a VW Passat. The driver said it sells for less that $10000 in China. No wonder it’s a runaway hit.