BYD Initiates Aggressive Pricing Strategy to Boost Market Share in China's EV Industry
Wednesday, 13 March 2024, 05:30
BYD Introduces Fifth Affordable EV:
The world's largest EV maker, BYD, has recently unveiled its fifth affordable electric vehicle priced below 100,000 yuan.
Rivals Follow Suit:
- Xpeng, Zeekr, and SAIC-GM-Wuling are also reducing prices to compete for market share.
The move highlights the growing competition in the Chinese EV sector, with companies strategizing to capture a larger market share through aggressive pricing tactics.
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