BYD (HKG: 1211, OTCMKTS: BYDDY) has officially launched the Sealion 07 EV in Mexico, expanding the availability of this all-electric SUV to new markets. The Chinese new energy vehicle (NEV) maker introduced the Sealion 07 EV at the ABB FIA Formula E World Championship in Mexico on January 10-11, showcasing the vehicle alongside other models. The Sealion 07 EV has been rebranded as the Sealion 7 in Mexico, aligning with BYD’s naming conventions in other international markets.
The midsize all-electric SUV is priced at 949,800 Mexican pesos ($46,200) in Mexico, offering consumers an attractive option in the electric vehicle market. This move comes after the successful launch of the Sealion 07 EV in Europe and Thailand last year, with plans to introduce the model in Japan later in the year.
BYD initially unveiled the Sealion 07 EV in China on May 10, 2024, marking the debut of its new battery electric vehicle (BEV) technology platform, the e-Platform 3.0 Evo. Positioned as a competitor to the Tesla Model Y, the Sealion 07 EV has garnered attention for its competitive pricing and impressive features. In China, the starting price for the Sealion 07 EV is RMB 189,800 yuan ($25,880), with deliveries commencing shortly after the launch.
In addition to expanding the availability of the Sealion 07 EV, BYD showcased the Yangwang U9 in Mexico, marking the Latin American debut of this electric supercar from its ultra-luxury sub-brand Yangwang. The company is committed to offering a diverse range of electric vehicle options to meet the varying needs of consumers in Mexico.
Looking ahead, BYD plans to introduce more new models in Mexico as part of its ongoing efforts to drive growth in the NEV market. With NEV sales reaching 4,272,145 units in 2024, representing a 41.26 percent year-on-year increase, BYD continues to make significant strides in the electric vehicle industry. Overseas sales also saw a substantial increase, with 417,204 units sold in 2024, reflecting a 71.86 percent growth rate.
As BYD continues to expand its presence in global markets, the launch of the Sealion 07 EV in Mexico underscores the company’s commitment to providing innovative and sustainable transportation solutions. With the introduction of new models and partnerships, BYD is poised to further accelerate the adoption of electric vehicles and contribute to a greener future for all.
