Hyperdrive
BYD’s First Chartered Cargo Ship for EVs Sets Sail for Europe
- BYD Explorer No. 1 to load cars in Shenzhen before sailing on
- Comes as luxury sub-brand Yangwang teases its new U7 sedan
New BYD cars wait to be loaded onto the BYD Explorer No.1 cargo ship in Yantai, Shandong province, on Jan. 10.
Photographer: Tang Ke/Feature China/Future Publishing/Getty ImagesThis article is for subscribers only.
BYD Co.’s first chartered cargo ship has set sail as the automaker ramps up exports of electric vehicles.
The BYD Explorer No. 1, capable of carrying 7,000 cars, is bound for Europe after making a stop in the Chinese port of Yantai and soon Shenzhen. The ship is managed by Zodiac Maritime Ltd. and is being rented to BYD, according to a WeChat post by China International Marine Containers Group Co., which built the vessel.