BYD Yangwang U9 supercar spotted in Australia
The Yangwang U9 was recently spotted on the back of a tow truck in Sydney, clearly visible to onlookers.
A photo shared on the Exotic Car Spotting Australia Facebook page shows the Yangwang U9 being transported undisguised in the harbourside suburb of Rushcutters Bay.
In another angle posted by nsw_carspotters, the U9 can be seen driving into the driveway of an establishment, giving onlookers a rare glimpse of the hypercar in motion.
The location places the car near BYD's Sydney experience centre in Darlinghurst.
However, a BYD spokesperson has quashed any hopes of the U9 hitting Australian dealerships: 'BYD's EV hypercar, the Yangwang U9, has touched down in Australia for an exciting series of upcoming tech demonstration events. We will be sharing details about said events in the coming weeks.
'However, while we're thrilled to see the 960kW performance machine on our shores, there are no plans to bring the U9 to Australia, and it is not being considered for our market.'
This latest statement follows BYD's move to take complete control of its Australian operations, ending its partnership with EVDirect as its local distributor.
As it still stands, there are no plans to produce the Yangwang U9 in right-hand drive, effectively ruling the hypercar out for the Australian market.
The EV was first revealed in China in 2024 when BYD unveiled the impressive specifications of the Yangwang U9.
It uses four electric motors – one powering each wheel for all-paw grip – to produce an impressive 960kW and 1680Nm, which is equivalent to approximately 10 Toyota Corollas combined.
BYD claims a 0-100km/h acceleration time of just 2.3 seconds and a top speed of 391 km/h.
This makes the Yangwang U9 quicker than a W16-powered Bugatti Chiron Super Sport to 100km/h.
Earlier this year, the Chinese marque made headlines with the car's ability to 'bunny hop' over obstacles.
This is made possible thanks to a system that combines independent air suspension and hydraulics.
The car demonstrated its jumping abilities in a video showcasing different obstacles ranging from a 2.5m-long pothole to a field of road spikes — a stunt that might not impress local law enforcement.
The Yangwang U9's pricing starts at approximately $A360,000, making it a relative bargain in the hypercar realm, where machines from Lamborghini and Ferrari can cost up to $1 million.
While the U9 is set to be sold only in China, BYD previously showcased its Yangwang U8 luxury plug-in hybrid SUV in Australian showrooms to assess interest. It's possible the U9 is here for similar promotional purposes, even if a local launch isn't on the cards.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
3 hours ago
- News.com.au
Stock Tips: It's lithium, property, supermarkets and… water for the win
It's no easy gig analysing share prices and company performance but somebody's got to do it. Every week two experts from our Share Tips columnist pool give us their recommendations. Jed Richards – Shaw and Partners BUY Cromwell Property Group (ASX:CMW) Trades at a notable discount to its net asset backing, presenting a value opportunity for income-focused investors. Offers a strong quarterly dividend yield of about 7.6% and its portfolio includes office properties, primarily leased to government and listed tenants, which contribute about 68% of its gross income. Assets are held for long-term investment and generate stable rental cash flows. Cromwell combines reliable income with potential capital upside. Duxton Water (ASX:D2O) Trading at a discount to its net asset backing, offering a compelling entry point for income and value investors. It provides a dividend yield of 4.98%, paid semi-annually, with consistent growth. The company owns a diversified portfolio of permanent water entitlements across the southern Murray-Darling Basin. With drought conditions emerging in parts of South Australia and Victoria, demand for water is rising, supported by government buyback programs. Benefits from stable annuity-style income through long-term leases to agricultural users. HOLD Santos (ASX:STO) Remains a solid energy holding with exposure to LNG and gas markets across Australia and Asia. The company is currently under a takeover proposal from a major international consortium, highlighting its strategic importance and potential value. While the offer is still under review and subject to due diligence and regulatory approval, it presents possible upside for shareholders. Santos continues to generate strong cash flow and maintains a stable outlook, making it a prudent hold. BWP Trust (ASX:BWP) Offers a solid, reliable yield supported by long-term leases to high-quality tenants, notably Bunnings Warehouse. This relationship provides consistent rental income and low vacancy risk. The trust holds a portfolio of well-located retail properties across Australia, with a focus on large-format retail. While growth may be modest, the income stability and defensive nature of its assets make BWP a prudent hold for investors seeking dependable returns in a low-volatility environment. SELL Origin Energy (ASX:ORG) Has performed well recently and now appears to be trading above fair value. We are locking in profits at this stage given limited near-term growth catalysts. While Origin remains a solid energy provider, its valuation looks stretched compared to peers. For investors seeking better value and income, AGL Energy offers a more attractive alternative, with stronger yield and improving fundamentals. Technology One (ASX:TNE) Has delivered strong share price increases, but now trades at a very high PE ratio – over 97 – making it one of the most expensive stocks on the ASX. Its dividend yield is low, under 1%, which limits income appeal. The company provides enterprise software solutions for government, education, and corporate clients, including financials, asset management, and HR systems. However, competition in cloud-based enterprise software is intensifying, and much of the growth appears priced in. I suggest locking in profits at current levels. Chris Haynes – Equity Trustees BUY Pilbara Minerals (ASX:PLS) One of the largest and most efficient producers of lithium globally, which is a key component in battery production. The lithium price has collapsed over the past 18 months due to excess supply. However, there are signs of supply reductions and a potential bottoming in the lithium price. PLS is well positioned to benefit from a recovery. High risk, but high potential return. Coles Group (ASX:COL) The new CEO has been executing effectively, with improving margins and solid revenue growth. COL has invested heavily in logistics and fulfilment over the past few years. These investment programs are nearing completion, and the full benefits are expected to flow through. This is a good time to invest in a well-known household name. HOLD Reliance Worldwide (ASX:RWC) Designs, manufactures and distributes branded water flow and control products for the plumbing industry. The key revenue driver is US housing starts, which have been sluggish due to mortgage rates around 7%, making home buying prohibitive. Once the outlook for rates improves, the stock price is expected to move upward. Lynas (ASX:LYC) Produces rare earth minerals used in critical products such as magnets. Volumes and realised pricing have been strong, and the share price has performed well. LYC is in a strong position as a dominant supplier outside of China. The company has announced potential growth projects in Malaysia and Korea. While the stock trades at relatively high multiples, these projects offer upside potential. Some consolidation in the share price is warranted. SELL Charter Hall (ASX:CHC) Manages and invests in office, retail, and industrial properties. The stock price has risen approximately 50% this calendar year, while the earnings outlook has only mildly improved. As a result, the price-to-earnings multiple is well above long-term averages. It's a good time to take profits. Atlas Arteria (ASX:ALX) Owns, operates and develops toll roads globally. Its major investment in the French toll road APRR faces challenges, particularly due to a government that is somewhat hostile to corporate ownership of toll roads. The recent strength in the share price presents a good opportunity to take profits.
SBS Australia
7 hours ago
- SBS Australia
A 'really important initiative' or 'complete overreach': New WFH plan draws mixed reactions
With new Australian-first rules suggested, working from home might soon be a legal right for Victorians. Premier Jacinta Allan announced on Thursday that she would introduce legislation in 2026 legally enshrining the right to work from home for two days a week. Allan said she expected the plan to face some criticism but said many Victorians stood to benefit from the changes, which will cover all employees who can "reasonably" do their job from home. "Bosses who think being seen at a desk is more important than a parent getting home for dinner with their kids, if they want to look their workers in the eye and tell them their time with their families doesn't count, they know where my government stands," Allan said. "We won't stand by while workers — especially women, single mums, carers — get punished for needing balance in their lives." Details are yet to be worked through but Allan signalled the changes could come into effect under Victoria's Equal Opportunity Act, as private workplaces are regulated by federal laws. Issues such as the definition of remote work, who can do it, how it would affect part-time workers and the types of businesses to which the law would apply, will be figured out through a consultation process. 'Complete overreach' Peak business bodies have criticised the plan, with Committee for Melbourne CEO Scott Veenker calling it a "complete overreach". "It's another regulatory burden or requirement that just makes the cost of doing business too hard," he said, adding that his group "hadn't been consulted with prior to the announcement". "The reality is that we want to actually have an environment where businesses can thrive and flourish, and they don't need more regulation and more legislation to prevent them [from] doing that." Veenker said the state government's new plan will make "members both small and large" of the business advocacy group ask if they should "continue trading in Victoria". "We know that businesses will move their staff and their resources accordingly, and we don't want Victoria to be seen as a place that's too hard to do business," he said. "They should be arrangements that are really done in conjunction with staff and the employers, rather than the state government trying to put their nose into this. "We want the state government to be looking at how we should be focusing on economic growth and enabling businesses to prosper." The Committee for Melbourne, which merged with the Melbourne Chamber of Commerce in 2024, describes itself as being founded "to champion key initiatives to stimulate the economy and civic development, which put Melbourne on a pathway to become one of the world's most liveable cities". 'A really good initiative' However, several people SBS News talked to on the streets of Melbourne said they supported the proposal. One young woman said it was "a really good initiative". "I think working from home allows people to have a bit more of better work-lifestyle balance, therefore making them happy — happy to be at work when it is time to be at work, [and] happy to be at home," she said. Another woman SBS News spoke to said the ability to work from home "just makes life so much easier". Source: SBS News A middle-aged man said he currently had an arrangement to work one day a fortnight at home and would "certainly be keen for that to be made a legal thing to do more". A young man who works from home said: "going to [the] office necessarily doesn't mean full productivity, so that's something people have to consider," he said. Several experts recently told SBS News that working from home breaks down barriers to gender equality in the workplace and is necessary for modern families, especially those who face significant commutes to work. LISTEN TO More than one in three Australian employees typically work from home, but that figure rises to 60 per cent among managers and those in professional services, according to the Australian Bureau of Statistics (ABS). The ABS also says 43 per cent of those who work from home do overtime, compared to one quarter of those who do not. State Opposition signals possible support Allan — whose announcement coincided with the Victorian Labor Party meeting for its annual conference — has promised to introduce the law in 2026, prior to the state election. Polls indicate Labor is on track to win a fourth term but the November 2026 poll will be the first as premier for Allan, who lags Opposition leader Brad Battin as preferred state leader. On Saturday, Battin indicated he might support the proposal. "We support measures that help Victorians enjoy a better work-life balance, and will review any legislation closely, to ensure it supports flexibility, productivity and personal choice," he said. The federal Opposition's proposal to eliminate remote work for public servants was partly blamed for its poor performance in the May federal election, even though it abandoned the policy before voting day. During the campaign, former Opposition leader Peter Dutton apologised after admitting that the proposal to end work-from-home arrangements for public servants was a "mistake". The plan was immediately framed by Labor and Greens parliamentarians as being a regressive move for women's working rights. — With additional reporting from the Australian Associated Press
News.com.au
11 hours ago
- News.com.au
Donald Trump's tariffs have a large role to play in Australia's interest rates cycle
When the RBA handed down its most interest rate decision last month, it shocked economists and the public by holding the cash rate at 3.85 per cent. The widely held consensus had been strongly in favour of another 0.25 per cent cut to follow the previous one in May. In the weeks since the Reserve Bank's decision, economic data has been mixed, with some elements such as the recent retail sales report providing support for the RBA's message of caution, while on the other hand, the recent substantial rise in unemployment was far more supportive of the cash rate being cut. In several important ways the RBA's uncertainty about the path forward for interest rates is arguably justified. Trump, Trade And Global Uncertainty At a global scale, the implementation of the Trump Administration's various tariffs and threats of even greater trade barriers to nation's not willing to make a swift agreement with the United States remains a source of major questions for central banks around the world. The challenge posed by tariffs to the path of interest rates was recently summed up by JPMorgan Chase (the world's most valuable bank) CEO Jamie Dimon at an event hosted by the Irish government. 'The market is pricing a 20% chance (of rising interest rates). I would price in a 40-50% chance I would put that as a cause for concern,' Dimon said. Dimon went on to cite the Trump administration's tariffs, the restructuring of global trade and the growing U.S government budget deficit as inflationary forces impacting the path forward for interest rates. While U.S interest rates can and do rise and fall independently of those of other nations, they are also the most important global benchmark. Theoretically, the U.S Federal Reserve holding a higher interest rate than the RBA can have two major knock on effects for Australia. It can force a repricing of Australian interest rates to better reflect the global benchmark. Or if the RBA chooses to allow the distance between the RBA cash rate and the U.S federal funds rate to expand, it places downward pressure on the value of the Australian dollar in a vacuum. A Mixed Bag For Australia At a domestic level, there is also a high degree of uncertainty impacting the path forward for interest rates. With government currently the driving force behind broader economic growth and employment growth in generally taxpayer funded sectors of the economy (public administration, education and, healthcare and social assistance) the main driver of the resilience of the labour market, it's challenging for the RBA to know exactly when a rate cut would be appropriate. Meanwhile, the deeply mixed nature of retail sales growth depending on the lens with which it is viewed also complicates matters. For example, looking at the latest headline retail sales showing a 1.2 per cent rise in turnover or June in a vacuum, it would be hard to justify a rate cut. But when the focus is shifted to an inflation adjusted figure that looks at retail sales per working age adult, the data for the June quarter reveals a return to recession in per capita terms. This is due to expansion of the population, the vast majority of which is occurring via migration acting as more or less the only driver of the retail economy in aggregate. History And Market Pricing Based on RBA rate cut cycles seen in the last 35 years, where the cash rate has been cut by at least one percentage point, the average rate cut cycle sees mortgage rates fall by approximately 33.3 per cent. If we remove the rate cut cycles driven by major emergencies such as the Global Financial Crisis and the early 1990s recession, the average reduction in mortgage rates falls to 27.0 per cent. If we were to see a similar reduction in interest rates today, we would see a total fall in the cash rate of approximately 1.75 percentage points. This would leave the average payable rate on a variable mortgage for an owner occupier at 4.58 per cent. In terms of the pricing of the future path of interest rates from financial markets, the next full 0.25 per cent rate cut is priced in for the RBA's August meeting, with the next expected to follow in November. Overall, market pricing has interest rates falling by a total 1.33 percentage points, with the cash rate hitting a low of 3.02 per cent during the middle of next year. The Outlook For Rates While the direction of interest rates is ultimately in the hands of the Reserve Bank, under the current circumstances government is also playing a significantly greater role in influencing the path forward than has been historically normal. With the growth in the domestic consumer economy concentrated in the 65 and over age demographic and otherwise reliant on population growth, the level of migration set by the Albanese government will be vital in determining to what degree aggregate consumer demand is weak enough to warrant further cuts in interest rates. Meanwhile, the level of employment growth stemming from government policy will also be a key consideration. If the current pullback continues without a corresponding increase from the private sector, the urgency and magnitude with which the RBA approaches the ongoing rate cut cycle may intensify significantly. Ultimately, it's entirely possible that events beyond our shores end up playing a significant role in the direction of Australian interest rates, whether that be as a result of President Trump's tariffs or the Chinese economy slowing more swiftly than expected due to the ongoing trade conflict and still simmering domestic economic issues.
