BYD EV prices could reduce with new low-cost platform

BYD recently unveiled its cheapest EV, the Seagull, which has a starting price of under $10,000.

According to media reports, BYD is set to introduce a new EV platform, which will allow them to cut costs even further.

Reports state that BYD will introduce updated versions of both its DM-i and e-Platform for PHEVs and EVs, respectively. The updated DM-i platform will allow BYD's PHEV products to offer a range of 2000 km with a full tank of fuel and full battery charge. BYD EVs, on the other hand, could move to the next-gen e-platform 4.0. Currently, the EVs are underpinned by the 3.0 version, which includes eight-in-one integration. The upcoming 4.0 e-platform will have more integrations and fewer wiring harnesses, further reducing costs.

BYD recently unveiled its cheapest EV, the Seagull, which has a starting price of under $10,000.

As per reports, BYD plans to steal market share from gas-powered cars over the next three years.

Source: Electrek