Xin Lang Cai Jing·2026-02-02 12:27Group 1 - BYD officially announced the launch of its fourth sub-brand "Linghui," following Fangchengbao, Tengshi, and Yangwang [1][9] - The Linghui brand will focus on B-end markets, specifically targeting ride-hailing, taxi, and corporate vehicle services, distinguishing itself from the personal passenger vehicle market [3][11] - The Ministry of Industry and Information Technology recently published a list of new vehicle products, which includes four models under the Linghui brand: Linghui e5, e7, e9 (all pure electric vehicles), and M9 (a plug-in hybrid) [5][13] Group 2 - The four new models are not entirely new designs but are iterations of existing models from BYD's Dynasty and Ocean series [6][13] - The Linghui e9 is based on the BYD Han DM-i, the e7 is derived from the BYD Hai Si 07EV, the e5 corresponds to the Qin PLUS EV, and the M9 is based on the BYD Xia [6][13] - According to BYD's official data, the company expects to achieve cumulative sales exceeding 4.6 million units by 2025, reflecting a year-on-year growth of 7.73% [6][13]