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Chinese EV giant BYD launches new plug-in hybrid sedan with lower starting price

Published 02/18/2024, 09:29 PM
Updated 02/18/2024, 09:30 PM
© Reuters. A view of the logo of BYD on the BYD Seal at a press day of the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan October 25, 2023.  REUTERS/Issei Kato/file photo
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BEIJING (Reuters) - Chinese electric vehicle giant BYD (SZ:002594) on Monday launched a new version of its plug-in hybrid sedan Qin Plus DM-i with a lower starting price, doubling down on price cuts to stay competitive in the world's largest auto market.

The new model goes for a starting price of 79,800 yuan ($11,090), down 20% from the previous version.

© Reuters. A view of the logo of BYD on the BYD Seal at a press day of the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan October 25, 2023.  REUTERS/Issei Kato/file photo

The Qin Plus hybrid competes with best-selling gasoline sedans such as Nissan (OTC:NSANY)'s Sylphy and VW's Lavida.

($1 = 7.1953 yuan)

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