BYD's sub-brand Fang Cheng Bao will launch its Tai 7 hybrid SUV on September 9, priced between $34,990 to $42,000, undercutting Tesla's Model Y. The SUV features BYD's 'God's Eye' smart driving, with up to 180 km EV-only range. The move intensifies competition against Tesla, Li Auto and Xpeng in China's premium SUV market.