Tesla Rival BYD Launches $11,000 Long-Range Trim Of Its Best-Selling Seagull EV As Price War Heats Up

Benzinga
2025.07.01 06:57
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BYD Co. Ltd. has launched a new long-range trim of its Seagull EV in China, priced at $11,000, amid a competitive EV price war. The hatchback offers 252 miles of range with a 38.9 kWh battery. BYD's Seagull comes in four trims, with aggressive pricing strategies against rivals like Tesla. The company is also expanding into European markets with the Dolphin Surf EV, priced at around $26,000. Despite expansion efforts, BYD faces production challenges, which it has denied. Xiaomi has also entered the market with its all-electric SUV, the YU7, competing with Tesla's Model Y.