China’s EV war: Warren Buffett-backed BYD goes after market left open by Tesla with four cheaper models for budget-conscious buyers

China’s EV war: Warren Buffett-backed BYD goes after market left open by Tesla with four cheaper models for budget-conscious buyers

China’s EV war: Warren Buffett-backed BYD goes after market left open by Tesla with four cheaper models for budget-conscious buyers


BYD, the battery and car maker that features Warren Buffett’s Berkshire Hathaway as an investor, has launched two new models of electric vehicles and updated two designs that are already on China’s roads to cater for lower and middle-income owners.The Shenzhen-based company, the second-largest maker of battery-powered electric cars by volume, unveiled the Qin Plus sedan at a price range of between 129,800 yuan (US$19,820) and 166,800 yuan, after deducting for government subsidies to encourage…

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