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BYD teases a new compact SUV called Yuan Up, which could arrive priced below $15,000

Fresh off earning the crown as the best-selling brand in China, BYD has (briefly) introduced a new compact SUV to its Yuan family of EVs – one of the larger contributors to its overall sales last year. From what we’ve seen so far, the Yuan Up looks small but mighty, touting some of BYD’s best tech – all at an expected starting price that is sure to entice consumers.

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China’s BYD breaks record sales of 3 million EVs in 2023

BYD production Europe


It was a huge year for profits at Chinese auto behemoth BYD. In 2023, the company sold 1.6 million fully battery-electric vehicles, coming close to Tesla’s projected goal of 1.8 million vehicles. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and plug-in hybrids, BYD sold a whooping 3 million vehicles in 2023.

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