BYD (HKG:1211, SHE:002594) introduced an upgraded version of its flagship Denza SUV at a 5% higher initial price at an event in Guangzhou, China, Reuters reported Monday.

Li Hui, general manager of Denza, said the new version of the Denza N9 ​plug-in hybrid SUV has over 100 upgrades, including an extended battery range and a fast-charging capability, according to the news outlet.

The new model's starting price was set at 409,800 yuan, higher than its predecessor's base price of 389,900 yuan, the report said.

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