BYD Slashes Prices of Electric Vehicles by Up to 20% in Bold Move

BYD, the Chinese automaker, has made a bold move in the electric vehicle (EV) market by slashing the prices of its lineup by up to 20%. This aggressive price reduction is seen as a direct challenge to traditional petrol cars from legacy automakers. The launch of the 2024 Qin Plus DM-i Honor Edition at a significantly lower price positions it as a formidable competitor to popular models such as the Volkswagen Lavida and the Toyota Corolla. With its aggressive pricing strategy, BYD is poised to shake up the landscape of the Chinese auto industry and further accelerate the adoption of electric vehicles.