EV price wars: BYD reduces cost of cheapest vehicle in China

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 yuan). This marks the latest ...

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Nov 28, 2024 · BYD is China’s top carmaker, commanding 16.2% of the overall vehicle market …

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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. ...

Is BYD slashing EV prices in China?

RACHELLE AKUFFO: The EV pricing war escalating in China with BYD slashing the cost of of its least expensive vehicle. Yahoo Finance's Pras Subramanian joins us with the details. Now, this isn't the first time. BYD has been rolling out a series of these cuts. ...

How much does a Chinese EV cost?

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 yuan). This marks the latest chapter of the price war between electric vehicle manufacturers in the Chinese market. ...

Is BYD bringing EV prices down?

And BYD is just the latest example of another-- the top maker there, EV maker in China, having to actually bring prices down too. AKIKO FUJITA: I mean, $9,600 for an EV, right? I mean, that is just tough to compete. And you have heard from so many of these Western carmakers about the concern about BYD taking those kind of prices to other markets. ...

Is BYD the world's biggest seller of electric cars?

BYD has become a relentless discounter in the price war that Tesla started in the world's largest auto market last year. That aggressive stance has helped it unseat its U.S. rival as the world's biggest seller of electric vehicles, even though most of BYD's cars are sold in China. ...

Does BYD export EVs from China?

BYD and Tesla export a lot of EVs from China. Those overseas sales typically have higher prices and margins than in China. But BYD's exports are rising sharply and have surpassed Tesla China's overseas shipments, which have been declining. ...