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Chinese EV Brand BYD Slashes Prices

The Auto Wire
Summary
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66% Informative

Chinese automakers like BYD are able to produce and sell cars are significantly lower prices than most if not all foreign competitors.

The move by BYD not only is to undercut domestic competitors but also for edging out foreign brands like Tesla .

In turn, there’s a rumor Tesla is working on the Model Q, only stripped down and cheaper.