BYD’s Foes Answer Price Cuts With Steep Combustion Car Discounts
Volkswagen and Toyota are among manufacturers offering significant discounts on models that have lost share to EVs and plug-in hybrids.
A BYD Seagull at the Beijing auto show in April.
Photographer: Qilai Shen/BloombergThanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world.
BYD started the year with some of the most aggressive discounts in China’s almost two-year-long price war, as the automaker looked to convert more consumers from combustion engines to electric cars.