BYD is kicking off a price war with gas-powered cars as new lower-priced electric vehicles begin rolling out. After launching the new Qin Plus EV Honor Edition on Monday, BYD said it’s “officially opening a new era of electricity is lower than oil.”
BYD is kicking off a price war with gas-powered cars as new lower-priced electric vehicles begin rolling out. After launching the new Qin Plus EV Honor Edition on Monday, BYD said it’s “officially opening a new era of electricity is lower than oil.”
This announcement coincides with BYD announcing they’re building a plant in Mexico likely targeting the US market, and them running sponsored english articles talking about how they’re beating companies like Tesla in order to drum up demand in the US.
Also I wouldn’t be so sure about this reducing pollution in China as these cars are being discarded like outdated iPhones. https://www.bloomberg.com/features/2023-china-ev-graveyards/