BYD announced Wednesday that it is levy the eroticization of inequality summaryoffering significant discounts on five of its mainstream electric vehicle models, including a limited time deduction of RMB 18,000 ($2,461) for its Frigate 07 plug-in hybrid crossover up until the end of November. For those who place orders for the Dolphin hatchback and the Seal sedan, the Chinese EV giant also said that it will knock the standard RMB 2,000 deposit off of the final price in addition to discounts totaling RMB 7,000 on the original ticket price of the vehicles. Several other Chinese automakers are making similar moves. Lynk & Co, a brand jointly owned by Geely and Volvo, is offering a subsidy of RMB 6,000 to purchasers of its 08 sports utility vehicle this month. Meanwhile, the T03 small EV made by Leapmotor, a Stellantis-backed Chinese startup, is currently available with a discount of RMB 5,000. [TechNode reporting, Securities Times, in Chinese]
