Chinese EV Giant BYD Launches New Plug-in Hybrid Sedan With Lower Starting Price

Chinese EV Giant BYD Launches New Plug-in Hybrid Sedan With Lower Starting Price
Chinese electric vehicle giant BYD on Monday launched a new version of its plug-in hybrid sedan Qin Plus DM-i with a lower starting price, doubling down on price cuts to stay competitive in the world's largest auto market.
The new model goes for a starting price of 79,800 yuan ($11,090), down 20% from the previous version.
The Qin Plus hybrid competes with best-selling gasoline sedans such as Nissan's 7201.T,  Sylphy and VW's VOWG_p.DE Lavida.