Hyperdrive
China’s Geely Unveils Compact EV to Challenge BYD’s Seagull
This article is for subscribers only.
Geely Automobile Holdings Ltd. on Tuesday unveiled its first compact electric vehicle, aiming to challenge the dominance of BYD Co.’s Seagull and Dolphin models in the entry-level segment in China.
The car, whose Chinese name Xingyuan translates to Wish Upon a Star, targets young, first-time car buyers and has a spacious design for its size. Pricing and more specifications will be revealed later, the company said. They’ll be compared closely to those of the Seagull, which has a basic version that sells for as low as 69,800 yuan ($9,800) and the slightly larger Dolphin, which starts from 99,800 yuan.