The publication notes that BYD announced a discount on 22 his models in China until the end of June, since he is fighting a slowdown in the local market and raising tariffs in the EU and the USA. So, the cheapest car from the company's line – the Seagul hatchback – will cost $ 7740, while the cheapest Tesla Model 3 of the cabin in the UK costs more than $ 54 thousand.
A sharp decline in prices emphasizes acute competition in the market. In April, a record 3.5 million electric vehicles remained unsaturated in dealerships throughout the country. The publication notes that a decline in sales was influenced by a slowdown in economic growth in the country.
Now Byd is seeking to increase sales on its domestic market without focusing on international sales, especially since duties weaken the PRC positions in the European and American markets.
Discounts will be valid only in China. But Tesla and other Western manufacturers tried to compete at a price with Chinese manufacturers. Now they risk completely losing their share in the PRC market due to a decline in prices for products of local companies. In April, BYD was first ahead of Tesla for sale in the European Union, and in January – in the UK, reported by The Telegraph.
