BYD takes on EV laggards Toyota, VW with steep price cuts in China

Oct 30, 2024 · Notably, BYD’s most affordable electric vehicle (EV) has become even cheaper still. The Seagull hatchback has been discounted 5 per cent to 69,800 yuan, which undercuts …

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

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Mar 25, 2024 · 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 …

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BYD Targets EV Laggards Toyota, VW With Latest Price Cuts

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Mar 25, 2024 · BYD’s most affordable EV, the Seagull, has become even cheaper in China. The hatchback has been discounted 5 percent to 69,800 yuan, or less than $10,000, which …

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BYD Targets Toyota & Volkswagen With New Price Cut Strategy

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Mar 25, 2024 · The BYD Seagull hatchback has been discounted 5% to 69,800 yuan, or less than $10,000, and the company has marked down its top selling Qin Plus sedan by 20% to a …

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BYD Takes Global EV Market By Storm As Rivals Make Drastic Moves

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Dec 19, 2024 · BYD’s Seagull EV starts at just under $10,000 (69,800 yuan) in China as one of the most affordable options. The sudden shift to EVs in China has caught several legacy rivals …

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BYD Targets EV Latecomers Toyota, VW With Steep Price Cuts

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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% to 69,800 yuan (or less than US$10,000, which undercuts …

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BYD Takes On EV Laggards Toyota, VW With Steep China Price Cuts

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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% to 69,800 yuan (or less than $10,000, which undercuts the …

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FAQs about BYD takes on EV laggards Toyota, VW with steep price cuts in China Coupon?

Is BYD luring customers away from Toyota & Volkswagen?

(Bloomberg) — Not content with unseating Tesla Inc. as the world’s top-selling electric-car maker, BYD Co. has set its sights on luring customers away from the likes of Toyota Motor Corp. and Volkswagen AG in one of the most aggressive rounds of discounting seen in China’s bruising price war. ...

Is BYD stealing customers from Toyota & Volkswagen?

PHOTO: REUTERS HONG KONG – Not content with unseating Tesla as the world’s top-selling electric carmaker, BYD has now set its sights on stealing customers from the likes of Toyota Motor and Volkswagen (VW) in one of the most aggressive rounds of discounting seen in China’s bruising price war. ...

How much does a BYD EV cost?

Notably, BYD’s most affordable electric vehicle (EV) has become even cheaper still. The Seagull hatchback has been discounted 5 per cent to 69,800 yuan, which undercuts the average price of an American EV by more than US$50,000 (S$67,000). ...

Is BYD a threat to China's EV market?

The strategy is a threat to Toyota, VW 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 Mr Bill Russo, founder and chief executive of Shanghai-based consultancy Automobility. “BYD is using its margin advantage to attack the market. ...

Is Volkswagen committed to China despite a 'ruinous' EV price war?

Volkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Thomas Schäfer says VW wants to remain the biggest international automaker in the country. He made the comments in an interview with Welt Am Sonntag, BI's sister outlet. ...

How much does a BYD Seagull EV cost in China?

BYD’s Seagull EV starts at just under $10,000 (69,800 yuan) in China as one of the most affordable options. The sudden shift to EVs in China has caught several legacy rivals off guard. Many, including Volkswagen, Toyota, Nissan, Honda, Hyundai, Ford, GM, and others, are adjusting their plans after losing market share. ...