BYD Promotions

BYD is offering discounts on three models, in a move that appears to be aimed at clearing inventory of older models after launching Smart Driving Edition updates.

BYD has expanded its year-end promotion to cover the Dynasty series' Song Pro DM-i, Qin Plus EV, after starting promotions for some models in the Ocean series two days ago.

BYD is offering free vehicle insurance worth up to RMB 5,000 ($690) on a number of Ocean lineup models, ramping up promotions ahead of the Chinese New Year.

The Sealion 05 DM-i has a discounted starting price of RMB 99,800 ($13,670) as BYD looks to capitalize on the peak sales season ahead of the upcoming Chinese New Year holiday.

Customers who buy the Frigate 07 between January 1 and January 31 will get a discount of RMB 18,000, which is up to RMB 7,000 for the Seal series.

BYD today announced promotions focused mainly on models in its Dynasty lineup, aimed at encouraging owners of traditional fuel vehicles to switch to the company's NEVs.

BYD is aiming to sell at least 3 million NEVs in 2023, with nearly 2.4 million sold this year through the end of October.

The Qin family was the third best-selling BYD model in October with 42,767 units sold.

Customers who buy some of the models from BYD's Ocean lineup between November 1 and November 31 can get discounts of up to RMB 18,000.

Sales of the Frigate 07 continued to grow in the initial five months of its launch, reaching 10,003 units in April. However, the model's sales have seen significant drops in the past two months.