Updated versions of BYD's Han and Tang are poised to take the price war further into the mid- to high-end EV market.
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Updated versions of BYD's Han and Tang are poised to take the price war further into the mid- to high-end EV market.
The post BYD to launch updated Han and Tang models on Feb 28 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
The updated BYD Dolphin has a starting price of RMB 99,800, which is RMB 17,000, or 14.55 percent, lower than the previous starting price.
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Buick has become the latest to join the price war, with significant price cuts for all four trims of the Electra E4.
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Deepal has lowered the starting price of the SL03 BEV by RMB 7,000 and is offering customers an additional RMB 10,000 cash discount.
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BYD yesterday launched lower-priced updated versions of its two budget sedans, triggering several local peers to follow suit with price cuts.
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The process of new manufacturers replacing old ones in the process of establishing a new market order will likely continue for several years until a new landscape is formed, said Cui Dongshu of the CPCA.
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Neta cut the prices of almost its entire model range, with the compact SUV Neta X seeing the highest reduction.
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BYD is looking to accelerate the replacement of traditional fuel vehicles with NEVs at lower prices, and more automakers following suit is expected to speed up the process.
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BYD makes its hybrid models less expensive than its petrol counterparts in a strong second offensive against them.
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BYD will launch new variants of the Qin Plus and Chaser 05 in Glory Editions on February 20, both starting at RMB 79,800, or $11,100, according to local media.
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