BYD fires the latest shot in China's EV price war with 12% price cut

The latest version of BYD's best-selling Yuan Plus has gone on sale in China starting at about 120,000 yuan, or about $16,600, making it roughly 12% cheaper than its predecessor.


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BYD Fires The Latest Shot In China's EV Price War With 12% Price Cut

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The latest version of BYD's best-selling Yuan Plus has gone on sale in China starting at about 120,000 yuan, or about $16,600, making it roughly 12% cheaper than its predecessor.

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BYD Deepens EV Price War In China With Latest Cut For Its Cheapest …

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Mar 6, 2024  · Chinese electric vehicle giant BYD on Wednesday added fuel to the flames of a brutal price war in China by cutting the price of its cheapest car, the Seagull, by 5%.

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UPDATE 2-BYD Deepens EV Price War In China With Latest Cut For Its ...

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Mar 6, 2024  · Chinese electric vehicle giant BYD on Wednesday added fuel to the flames of a brutal price war in China by cutting the price of its cheapest car, the Seagull, by 5%. BYD has …

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BYD Amps Up Brutal China EV Price War With Bigger Discounts On …

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Feb 28, 2024  · The automaker lowered the starting price for the Qin Plus EV and hybrid by 15% and 20%, respectively, versus price cuts of 8% and 11% respectively for the two models in …

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BYD Fires The Latest Shot In China's EV Price War With 12% Price Cut

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Mar 5, 2024  · BYD fires the latest shot in China's EV price war with 12% price cut. BYD, the world's top-selling EV seller, has launched a cheaper version of its Yuan Plus car. Rivals such …

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China EV War: BYD Takes On Laggards Toyota, VW With Steep Price …

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Mar 25, 2024  · Notably, BYD’s most-affordable EV has become even cheaper still. The Seagull hatchback has been discounted 5 per cent to 69,800 yuan (or less than US$10,000, which …

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BYD Overcomes China's EV Price War With Record Q2 Car Sales

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Aug 28, 2024  · The new 2025 Seal EV, BYD’s answer to the Tesla Model 3, now features LiDAR on the roof for added smart driving features. Starting at 175,800 yuan, or about $24,500, …

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Leaked Email Signals BYD’s Plan To Heat Up EV Price War

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Nov 27, 2024  · By the end of this year, it looks to be on track to selling an incredible 4 million units. In the July-September quarter, BYD’s net profit rose to 11.6 billion yuan ($1.63 billion).

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China's EV Price Wars Hit Auto Profits, Smaller Players ... - Benzinga

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1 day ago  · Intense competition slashed China's auto margins to 4.4% in 2024, down from 5% in 2023, pressuring weaker EV makers like Baidu-backed Jiyue. EV sector revenue rose 3% to …

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BYD Aims To Cut EV Battery Costs By 15% With Its New Blade

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Dec 9, 2024  · BYD to cut EV battery costs with new Blade unit. Everyone is talking about China’s EV price war, but competition in the battery market is intensifying. BYD is the world’s second …

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EV Price Wars: BYD Reduces Cost Of Cheapest Vehicle In China

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Mar 6, 2024  · Chinese EV maker BYD Company (BYDDY, 1211.HK) cut the cost of its cheapest vehicle, the Seagull EV Honor Edition, now starting at $9,700 (converted from the Chinese …

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Chinese EV Makers Hit EU Wall As Tariffs Inflate Cost Of Imports

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6 days ago  · Manufacturers such as BYD and SAIC’s MG accounted for 7.4% of EV registrations in November, down from 8.2% in October.

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FAQs about BYD fires the latest shot in China's EV price war with 12% price cut Coupon?

Does China EV giant BYD have a price war?

China EV Giant BYD Kicks Off Latest Price War. It's Going To Get A Lot Worse. China EV giant BYD ( BYDDF) on Monday announced significant price cuts on two entry-level vehicles, targeting traditional internal combustion engine (ICE) vehicles. Several other automakers quickly followed with their own price cuts or discounts. ...

How much does a BYD EV cost?

The Seagull hatchback has been discounted 5 per cent to 69,800 yuan (or less than US$10,000, which undercuts the average price of an American EV by more than US$50,000). BYD’s top-selling Qin Plus sedan has been discounted even more steeply, by 20 per cent to a starting price of 79,800 yuan. China’s BYD overtakes Tesla as world’s largest EV maker ...

Does BYD sell electric cars in China?

That aggressive stance has helped it unseat its U.S. rival as the world's biggest seller of electric vehicles even if most of BYD's cars are sold in China. This year, it has embarked on a series of price cuts - including a drop of nearly 12% to the Yuan Plus crossover, its best-selling car known as the Atto 3 in overseas markets. ...

Is BYD a threat to China's EV market?

The strategy is a threat to Toyota, Volkswagen and Nissan Motor, which have all been slow to transition to EVs and seen their China sales suffer as a result. “This is round two of the price war,” said Bill Russo, founder and CEO of Shanghai-based consultancy Automobility. “BYD is using its margin advantage to attack the market. ...

Why has BYD slashed prices in China?

BYD has since slashed the prices of nearly all of its cars by 5 to 20 per cent in a promotional campaign aimed at accelerating a transition from petrol vehicles to EVs in China. Prices for 50 models across a range of marques have dropped by 10 per cent on average since, Goldman said. ...

Will BYD reduce the cost of EV batteries?

The sources claimed that BYD plans to reduce the cost of the higher energy density unit by 15% compared to the current Blade battery, which offers around 150 Wh/kg energy density. “Everybody talks about the EV automaker price war, but no one talks about the battery makers price war, which is even more brutal,” the source said. ...

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