Chinese EV giant BYD launches new plug-in hybrid sedan with lower starting price By Reuters

© Reuters. A view of the emblem of BYD on the BYD Seal at a press day of the Japan Mobility Present 2023 at Tokyo Huge Sight in Tokyo, Japan October 25, 2023. REUTERS/Issei Kato/file photograph

BEIJING (Reuters) – Chinese language electrical automobile big BYD (SZ:) on Monday launched a brand new model of its plug-in hybrid sedan Qin Plus DM-i with a decrease beginning worth, doubling down on worth cuts to remain aggressive on the earth’s largest auto market.

The brand new mannequin goes for a beginning worth of 79,800 yuan ($11,090), down 20% from the earlier model.

The Qin Plus hybrid competes with best-selling gasoline sedans resembling Nissan (OTC:)’s Sylphy and VW’s Lavida.

($1 = 7.1953 yuan)