How is a new class object initialized in Python?

In Python, a new object of a class is created by calling the class as a function, which invokes the __new__ method to allocate memory and then __init__ to initialize the object.

Example:

class MyClass:
    def __init__(self, value):
        self.value = value

obj = MyClass(10)  # Creates a new object of class MyClass with parameter 10
print(obj.value)  # Will output: 10

Thus, to create a new object, it is enough to call the class with the required arguments, and Python will automatically invoke the __init__ constructor.