The most senior Australian executive at Chinese car-making giant BYD says a decision to slash prices on vehicles by 25 per cent will not spark a price war, amid warnings from Beijing that manufacturers should stop aggressively discounting and dumping stock overseas.
BYD Australia chief operating officer Stephen Collins said that the decision to cut the price of the company’s Atto 1 electric vehicle by nearly $7000 – to $19,900 – was part of a campaign to boost sales of the model.
Loading…