09 August 2024
09 August 2024
Prices undercut the rival Tesla Model 3 by $10,000 in China
Dani Cole August 09 2024
Chinese EV maker BYD said it had launched a new version of the Seal EV.
It was the firm’s first model with LiDAR sensors, Reuters reported.
BYD said the 2025 Seal, unveiled in China this week, would sell at prices from CNY175,800 (US$24,515.41) to CNY239,800 ($33,439).
The automaker did not say when it would be available for export.
Prices undercut the rival Tesla Model 3 by $10,000 in China.
Tax breaks, subsidies and other incentives are transforming south east Asia's second largest economy into a global EV hub
Eligible for two years of additional tax exemption, capped at eight years
Parent company EcoPro reported a KRW55bn (US$40m) operating loss in the second quarter of 2024
Market has continued to grow this year after rebounding strongly in the previous two years from the pandemic lows
Half of all vehicles sold in China in July reportedly were either new pure electric vehicles (EV) or plug in hybrids, industry data showed, a milestone that underscores how far the world's biggest auto market has leapt ahead of western counterparts in EV adoption.
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