You can buy a BYD Seagull hatchback in China for less than $10,000.
Although the BYD Seagull electric hatchback has fallen in price by only 5% since last year, its starting price now sits below the $10,000 mark, and paired with the more expensive Qin Plus sedan, they are among the top five best-selling passenger cars in the Chinese market between January and February this year inclusive, as reported by Bloomberg with reference to profile statistics. By the way, the cost of BYD Qin Plus has decreased by 20% since last year, making this electric sedan the best-selling model on the Chinese market since the beginning of this year.
Image source: BYD
In two months of this year, the model sold 57,095 copies in China. For now, BYD can afford such an aggressive pricing policy, since it is the largest manufacturer of electric vehicles not only in China, but also in the world. In addition, the company independently produces batteries, and this is the most expensive part of an electric car, and BYD can also save on it compared to other automakers.