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BYD, the leading Chinese electric vehicle (EV) manufacturer, introduced a new version of its Qin Plus DM-i plug-in hybrid sedan on Monday, according to Reuters.
The starting price of the new vehicle is significantly lower, reflecting BYD’s aggressive pricing strategy to maintain its competitiveness in the world’s largest auto market.
The latest model of the Qin Plus hybrid now has a starting price of 79,800 yuan ($11,090), marking a 20 per cent reduction from its predecessor.
This model from BYD is vying for market share with popular gasoline sedans such as Nissan’s Sylphy and VW’s Lavida.
