The price cut tide of China's automobile market starts with lower electricity than oil!

With the launch of BYD Qin PLUS Glorious Edition and destroyer 05, the price reduction war in China's automobile market officially started. The price of new cars has dropped significantly, among which the price of Qin PLUS has dropped to 79800 yuan. BYD also took this opportunity to put forward the slogan of "electricity is lower than fuel", which further expanded its competitiveness in the A-class fuel vehicle market.

Today, Wuling Starlight PLUS announced a price cut for the 150km advanced model from 105800 yuan to 99800 yuan, which is basically the same as the price of the 05 120km destroyer. Chang'an Qiyuan Q05 and A05 also joined the price reduction, with a minimum price of 73900 yuan, and attracted consumers with the slogan of "electricity is lower than oil! Low! Low!".

In the afternoon, Nezha Auto officially announced the launch of the highest exclusive discount of 22000 yuan for all products. In addition to domestic new energy brands, Beijing Hyundai also announced that its A-class sedan Elantra model had been reduced in price, starting at only 75800 yuan. Interestingly, Beijing Hyundai also released the slogan of "oil is better than electricity" to challenge BYD.

Cui Dongshu, Secretary General of the Passenger Transport Federation, said on his personal public account that 2024 is the key year for new energy vehicle enterprises to gain a firm foothold, and the market competition is bound to be very fierce.

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