Price War

BYD continues its post-Chinese New Year model update move with refreshed versions of the Ocean series' Song Plus, Seal DM-i priced significantly lower than previous versions.

BYD has lowered the starting prices of the Han and Tang by RMB 20,000 and RMB 30,000 respectively, taking the price war further into the mid-to-high-end EV market.

BYD launched the updated Qin Plus sedan on February 19, the first model it's updating in its second offensive against traditional fuel cars.

Updated versions of BYD's Han and Tang are poised to take the price war further into the mid- to high-end EV market.

The updated BYD Dolphin has a starting price of RMB 99,800, which is RMB 17,000, or 14.55 percent, lower than the previous starting price.

Buick has become the latest to join the price war, with significant price cuts for all four trims of the Electra E4.

Deepal has lowered the starting price of the SL03 BEV by RMB 7,000 and is offering customers an additional RMB 10,000 cash discount.

BYD yesterday launched lower-priced updated versions of its two budget sedans, triggering several local peers to follow suit with price cuts.

The process of new manufacturers replacing old ones in the process of establishing a new market order will likely continue for several years until a new landscape is formed, said Cui Dongshu of the CPCA.

Neta cut the prices of almost its entire model range, with the compact SUV Neta X seeing the highest reduction.