BYD, a Chinese car company, is lowering the prices of its old Han and Qin electric cars by RMB 20,000 and RMB 15,000 ($2,868 and $2,151) to sell more cars.
They are doing this because fewer people are buying their cars since the Lunar New Year holidays ended. Other car companies, like Nio and Xpeng, are also lowering their prices after Tesla lowered its prices in January.
Read More: https://technode.com/2023/02/27/byd-reportedly-follows-tesla-in-cutting-ev-prices
