China’s BYD lowers starting price of its lowest-priced EV model Seagull by 5.4%

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The reduction brought the basic price of the affordable Seagull lineup to 69,800 yuan ($9,697.41).

BYD on Monday priced a new version of its best-selling car 11.8% lower than a previous model. BYD has launched a slew of lower-priced new car versions since February.

($1 = 7.1978 yuan)