VW’s other joint-venture with state-owned automaker SAIC offered a limited time discount on the ID.3 hatchback, another VW EV, by the equivalent of just over $5,100. That put its starting price below the Qin EV from BYD 002594.SZ, one of China’s most popular models.
VW is China’s top-selling foreign automaker.
Since January, when Tesla cut prices in China, about two dozen automakers have followed with price cuts of their own to stay competitive and stoke demand.
Read Article