TECH - Warren Buffett-Backed BYD's Cybertruck Rival To Make Global Debut Right Next Door To US Next Week | Benzinga
Warren Buffett-backed Chinese EV maker BYD Co (OTC:BYDDY) (OTC:BYDDF), is preparing for the global debut of its first pickup truck, the BYD Shark, in Mexico on May 14.
What Happened: As reported by CnEVPost, the BYD Shark is BYD’s first new model to debut overseas in recent years. The company announced the launch on Weibo.
The decision to launch the BYD Shark in Mexico indicates the company’s focus on foreign markets, as pickup trucks in China are classified as light vans and face numerous restrictions compared to regular passenger cars.
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With its larger size compared to the Toyota Hilux, the BYD Shark is built on BYD’s DMO platform, introduced when the company launched the Fang Cheng Bao sub-brand for the off-road market in August 2023.
BYD’s move mirrors the actions of other local automakers like Geely, which launched its first model, the RD6 electric pickup truck, under the Radar ...