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BYD on Thursday unveiled a less expensive Han sedan with a smaller battery pack in a bid to keep up its progress momentum because the trade engages in a value warfare. The bottom Han sedan has over 506 kilometers (314 miles) of complete driving vary and begins at RMB 209,800 ($30,529), round RMB 20,000 cheaper than Tesla’s entry-level model Mannequin 3 and aggressive with Toyota’s Camry household sedan. The Chinese language automaker additionally started promoting a lower-cost model of the Tang plug-in hybrid crossover for between RMB 209,800 and RMB 233,800. Dozens of automakers have regarded to chop costs on their autos or launch reasonably priced variations of present fashions to draw clients and shield market share since late 2022. [TechNode reporting, BYD announcement, in Chinese]
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