BYD making biggest profit ever further stokes up Chinese price war

Joris Van Roy

March 28, 2024

BYD lowered the price of its Tesla Model 3-rivalling Seal sedan by 5% or 10 to 30,000 yuan to 179,800 yuan. Tesla lowerd the entry-level Model 3 price in January with 15,000 yuan to 245,900 /BYD

With the comfortable certainty of 30 billion yuan (€3,83 billion) profit made in 2023, the top Chinese EV maker BYD can afford to fuel fur
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