BYD fuels EV price war in China, cutting MSRPs of newly refreshed Tang and Han models
While Build Your Dreams (BYD) continues to gain global attention for its latest EV innovations, the Chinese automaker is targeting its home turf for its latest strategy. Earlier today, BYD launched refreshed versions of its flagship Han and Tang models, stoking an ongoing EV price war overseas by slashing the MSRPs of the updated models.
The Tang is one of BYD’s longest-running EV models in production, arriving in 2015 as a plug-in hybrid crossover. The vehicle is part of BYD’s Dynasty series, which also includes the Han, which joined the lineup in 2020.
Both models have since seen all-electric versions hit the market and have helped contribute to tremendous sales that helped BYD dethrone Tesla as the global EV leader in 2023. The BYD Tang and Han have seen facelifts in the past three years, alongside special editions and lower prices, similar to today’s EV news.
Following suit with some of its competitors in China, BYD is more than willing to participate in an ongoing price war in the mid- to high-end EV market and has cut prices of its newly announced refreshed models, according to a launch event earlier today.
BYD throws latest jab in China’s EV price war
Making good on its promise to deliver refreshed versions of its EV models following the Chinese New Year, BYD has rolled out Glory Editions of its Han and Tang Dynasty models.
According to BYD’s Weibo page, the updated EVs arrive at a starting MSRP of RMB 169,800 ($23,590) for the Han and RMB 179,800 ($24,980) for the Tang, down RMB 20,000 ($2,780) and RMB 30,000 ($4,170) respectively, compared to preceding versions.
That said, those low-end prices apply to the DM-line of BYD vehicles, which are plug-in hybrids. However, BYD is still fueling China’s price war by introducing four trims of the Han Glory Edition EV compared to the five of the previous Champion Edition. Here’s how they break down:
- Han EV Champion Edition (2023):
- RMB 209,800 ($29,145)
- RMB 229,800 ($31,925)
- RMB 259,800 ($36,095)
- RMB 279,800 ($38,870)
- RMB 299,800 ($41,650)
- Han EV Glory Edition (2024):
- RMB 179,800 ($24,980)
- CLTC Range: 506 km (314 miles)
- RMB 199,800 ($27,760)
- CLTC Range: 605 km (376 miles)
- RMB 219,800 ($30,535)
- CLTC Range: 715 km (444 miles)
- RMB 249,800 ($34,700)
- CLTC Range: 610 km (379 miles) (AWD)
- RMB 179,800 ($24,980)
According to CnEVPost, there is also a limited green version of the Han EV that will remain on sale for the same price – RMB 331,800 ($46,095). Additionally, it’s worth noting that the Glory Edition update of the Tang currently only applies to the DM-i PHEV, not the EV. Per the BYD website, the Tang EV is still on sale in previous Champion and Warrior editions.
While both the BYD Tang and Han EVs are currently sold in markets outside of China and its price war, there has yet to be a mention of whether these updated versions will make their way over just yet.
FTC: We use income earning auto affiliate links. More.
Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.
New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they’re available.
Stories we discuss in this episode (with links)
Why gas bikes just can’t compete with electric motorcycles in the summer
Tesla’s next-gen Dojo AI training tile is in production
The US just proposed 18 GW of new offshore wind sales
There’s a new trend making electric bike batteries safer
Toyota goes large on hydrogen with new US headquarters
Listen & Subscribe:
Share your thoughts!
Drop us a line at tips@electrek.co. You can also rate us in Apple Podcasts or recommend us in Overcast to help more people discover the show!
FTC: We use income earning auto affiliate links. More.
You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.
Environment
Coterra’s smart pivot to oil from natural gas leads to an excellent first quarter and sweeter outlook
Environment
A fully-electric 10,000 ton container ship has begun service equipped with over 50,000 kWh in batteries
Chinese state-owned company COSCO Shipping has launched what it calls the “world’s largest” river-to-sea electric container ship. The Green Water 01 is a 10,000-ton+ fully electric vessel that sets a new benchmark in sustainability in the marine logistics industry.
China Ocean Shipping (Group) Company, or COSCO for short, is a state-owned multinational conglomerate headquartered in Shanghai specializing in marine transport. Not to be confused with Costco, COSCO Shipping was founded as a subsidiary in 2016 following an approved merger between COSCO and China Shipping.
The COSCO Group is the largest liner carrier in China, transporting hundreds of container vessels daily while also providing ships to Chinese automakers to help them export their electric vehicles to new markets overseas, including Europe.
To adapt to the times, COSCO has developed a massive, fully electric container ship, which has now officially begun service in China.
COSCO’s electric container ship begins service in China
According to a WeChat post from COSCO Shipping, which features reports from China’s CCTV, the company’s Green Water 01 electric container ship arrived safely and was berthed in the Port of Yangshan by the local maritime safety administration.
The Green Water 01 sails at a total length of 119.8 meters, a molded width of 23.6 meters, a molded depth of 9 meters, a design draft of 5.5 meters, and a maximum speed of 19.4 km/h (12 mph). COSCO Shipping says the Green Water 01 electric container ship presents multiple firsts for the marine industry, including total length, width, container capacity, deadweight tonnage (10,0000 tons), and battery capacity (50,000+ kWh).
Speaking of batteries, the electric container ship is powered by a large-capacity battery combining for over 50,000 kWh. However, COSCO says the number of battery modules can be configured depending on the length of the voyage at sea. For example, additional 20-foot battery boxes offering 1,600 kWh of electricity can be loaded onto the container for extra range.
This ship’s captain, Wang Jun, told CCTV that when the Green Water 01 is equipped with 24 battery boxes, the electric container ship can complete trips that consume 80,000 kWh of energy, equivalent to approximately 15 tons of fuel for a similar journey in a traditional container ship.
COSCO Shipping also shared that the new Green Water 01 can save 3,900 kg (8,600 pounds) of fuel for every 100 nautical miles traveled, cutting carbon dioxide emissions by 12.4 tons. Following the successful launch, the Green Water 01 has commenced weekly service between Shanghai and Nanjing.
FTC: We use income earning auto affiliate links. More.
-
Sports2 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports1 year agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Environment12 months agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Sports3 years ago
Team Europe easily wins 4th straight Laver Cup
-
Sports6 months agoGame 1 of WS least-watched in recorded history
-
Environment1 year agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Sports4 weeks agoStory injured on diving stop, exits Red Sox game
-
Technology3 years ago
Game consoles were once banned in China. Now Chinese developers want a slice of the $49 billion pie