© Reuters. FILE PHOTO: A BYD’s electric vehicle (EV) Qin moves on a street in Beijing, China October 31, 2023. REUTERS/Tingshu Wang/File Photo
BEIJING (Reuters) – Chinese electric vehicle (EV) giant BYD (SZ:) on Wednesday lowered the starting price on a new version of its lowest-priced EV model Seagull by 5.4% from the model it replaced, adding fuel to a raging price war in the world’s largest auto market.
The reduction brought the basic price of the affordable Seagull lineup to 69,800 yuan ($9,697.41).
BYD on Monday priced a new version of its best-selling car 11.8% lower than a previous model. BYD has launched a slew of lower-priced new car versions since February.
($1 = 7.1978 yuan)
