Denza, an electrical automobile subsidiary of BYD, formally launched a winter take a look at video on February 13, displaying off two new SUV fashions for the primary time. The video exhibits the five-seat SUV N7 and the medium and large-sized SUV N8, that are anticipated to be launched inside the yr.
In January this yr, Denza mentioned that it’s going to progressively launch new SUV fashions all through 2023, and create extra merchandise that may compete globally for extra customers in want by additional bettering its product matrix.
In addition, Denza will launch new sedans. Zhao Changjiang, common supervisor of Denza’s Sales Division, mentioned when interacting with netizens on Twitter-like Weibo that the Denza N7 will likely be launched within the first half of this yr and a sedan will likely be unveiled subsequent yr.
Recently, this model has been concerned in discussions with a automobile rental firm in Shenzhen. Wu Jianming, founding father of IGO, criticized the Denza mannequin’s battery. He mentioned that the corporate negotiated with BYD for 4 years, however thus far it has not obtained an inexpensive response.
According to the agency founder, IGO bought 1,033 Denza 300 fashions from BYD in August 2016 and May 2017 for leasing based mostly on hourly or every day charges. However, since 2019, many of the autos have skilled battery failure and, normally, have proven a lower in battery life.
SEE ALSO: Denza’s First Mid-Size SUV Concept Car Unveiled
IGO mentioned that since March 2019, the corporate has been negotiating with BYD on the standard and after-sales service, however thus far no response and remedy have been obtained, leading to pressured shutdowns and idleness of autos whereas losses have amounted to greater than 600 million yuan ($87 million). On the night of February 12, Denza issued a discover saying that the contents talked about by IGO have been disputed because of the wording of the contract, which continues to be in authorized proceedings and has not but been settled.
In reality, IGO has been going through super monetary stress. Commercial data question platform Tianyancha exhibits that there are 255 danger data and 6 authorized proceedings concerning the firm. In addition to the legal responsibility dispute with Denza, additionally it is concerned in a chapter creditor’s rights affirmation dispute with different two automakers in China.
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