That bar just got moved a bit lower.
BYD announced a fresh round of price cuts for more than 20 models over the weekend, bringing the price tag of its cheapest model — the pure battery-powered Seagull hatchback — to as low as Rmb55,800 ($7,770). Chinese EV shares tumble as BYD sparks ‘rat race’ price war fears. https://ft.com/content/74958651-ec86-4a07-a743-502445f54553