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

© Reuters. The BYD logo displayed on the BYD seal at the Japan Mobility Show 2023 press day held at Tokyo Big Sight, Japan on October 25, 2023. REUTERS/Issei Kato/File Photo

BEIJING (Reuters) – Chinese electric vehicle giant BYD (SZ:) on Monday launched a new version of its plug-in hybrid sedan, the Qin Plus DM-i. With lower starting prices and doubling down on price cuts, we remain competitive in the world’s largest automotive market. car market.

The new model has a starting price of 79,800 yuan ($11,090), which is 20% cheaper than the previous version.

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

(1 dollar = 7.1953 yuan)