Guangzhou Nansha Auction Sells 150 BYD D1 EVs at Reserve Price of 4.392 Million Yuan

A package of 150 new-energy ride-hailing vehicles parked in Nansha District, Guangzhou, has been disposed of in a single lot with a starting price of 4.392 million yuan. Only one bidder registered and no competing bids were submitted, so the vehicles sold at the reserve price, equivalent to about 29,300 yuan per car.

All the vehicles are BYD D1 (Qin D1) models, a ride-hailing-specific model jointly developed by BYD and Didi. Their registration and certification dates are concentrated in 2021, giving them a vehicle age of more than five years. The cars were previously registered to seven companies including Shenzhen Yongxiantong Auto Rental and were used for online ride-hailing operations. They were subject to court enforcement due to a financial loan contract dispute with a bank in Hegang. When new, the D1 had a manufacturer's suggested retail price of between 157,800 yuan and 169,800 yuan.

The auction announcement states that the vehicles are not brand-new off-line operating cars and that visible and hidden defects such as aging mechanical parts and body wear are common. They are handed over strictly on an as-is basis, and after the sale no return or price reduction may be sought on grounds such as vehicle condition or information discrepancies. As operating vehicles, these cars have high mileage and obvious degradation of the battery, motor, and electronic control systems, making it difficult to convert them to non-operating status and put them back on the road after retirement. There is demand in the used-parts market for battery packs, motors, electronic controls, sheet metal parts, and interior components, and value can also be realized through cascading use and remanufacturing.