Business
China’s BYD offers year-end discounts of up to 11.5%
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BEIJING (Reuters) – Chinese electric vehicle giant BYD is offering discounts until Jan. 26 on two of its hybrid and EV models, according to its website.
BEIJING (Reuters) – Chinese electric vehicle giant BYD is offering discounts until Jan. 26 on two of its hybrid and EV models, according to its website.
Both Song Pro DM-i and Qin Plus EV are now priced from 99,800 yuan ($13,673), down 11.5% and 9.1% respectively from their previous sticker prices.
($1 = 7.2990 Chinese yuan)
(Reporting by Beijing newsroom; Editing by Himani Sarkar)
A hybrid vehicle is a type of automobile that uses more than one form of onboard energy to achieve propulsion. Typically, it combines a conventional internal combustion engine with an electric motor.
An electric vehicle (EV) is a type of vehicle that is powered entirely or partially by electricity. EVs use electric motors and batteries instead of traditional gasoline or diesel engines.
Discounts are reductions in the price of goods or services, often used as a promotional strategy to encourage sales. They can be percentage-based or fixed amounts off the regular price.
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