According to Reuters, Chinese electric vehicle (EV) giant BYD 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 11.8% lower than a previous model.
BYD has launched a slew of lower-priced new car versions since February.
It should be noted that on January 25 this year, as part of the business program of the state visit, President Shavkat Mirziyoyev visited the headquarters and technology center of the leading Chinese company BYD in Shenzhen.
The President pointed out the need to expand the model range in the near future based on the market demand and increase production capacity up to 300 thousand units per year.
The company’s plans to set up assembly of BYD electric buses in our country with localization of spare parts and establishment of engineering and service centers were also supported.
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