Published on September 2nd, 2014 | by Christopher DeMorro3
Denza EV Production Begins, Will Launch Soon
September 2nd, 2014 by Christopher DeMorro
Germany’s Daimler and China’s BYD have become two of Asia’s most important automakers because of their extensive electric car efforts. The fruit of their labor is the Denza EV, and production has already begun in order to hit a launch date later this month, reports Sustainnovate.
The Denza will be primarily sold at BYD dealerships, a company that has more than one-third of China’s EV market share. Analysts estimate that China could be a huge market for electric vehicles, and recent government tax incentives and rebates are certainly pushing customers towards greener cars.
Estimates place the Denza’s range at about 186 miles per charge on the Chinese cycle, which is probably closer to 150 miles in America. That would make it the longest range EV for sale in China after the Tesla Model S, which is owed mostly due to its 47.5 kWh lithium-ion battery. A 115 horsepower motor moves the Denza, which is expected to cost about $59,000 when it goes on sale. Because of the aforementioned government incentives though, buyers can expect to get 30% or more of the buying price back.
But that’s not all! BYD and Daimler have also collaborated with ABB to place a large, fast-charging network all across China. The chargers will be placed in parking lots, as well as BYD dealerships as a means of alleviating the prevalent fear among Chinese consumers that there just aren’t enough places to plug in to make EVs viable. A year or two ago, that was true, but the Denza aims to be the first wave of EVs that Chinese consumers can use to replace their gas-guzzlers.
150 miles is way more than enough range to get to and from work for most commuters, and the Denza’s charging network should provide plenty of opportunities to top off. Customers can take their first test drives later this month; will tax incentives and a charging network bring consumers in the door, or will the Denza be an expensive flop?
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.
Haven’t taken our 2016 reader survey yet? Do so now!