BYD has just slashed the price of the e2 compact SUV in China to just 89,900 yuan (~$12,500), down from 102,800 yuan (~$14,200).

The BYD e2 Honor Edition is the most affordable version of the all-electric model for the Chinese market. It uses an LFP Blade battery pack to power a single 94hp (70kW) electric motor. The model has a claimed range of 405 km on the CLTC test cycle and is surprisingly well equipped despite its low price. 

Key features include a rotating central infotainment system, an 8.8-inch digital instrument cluster and a heat pump, a feature not found in many more expensive EVs.

The South China Morning Post says that the 100,000-yuan mark is viewed as affordable for low-income earners in China and it’s considered a “psychologically important threshold price.”

“BYD appears to be extremely aggressive in driving a transition from petrol cars to EVs in the country’s automotive industry,” senior manager from a Shanghai advisory firm, Eric Han said. “The cheap models will also draw middle-income consumers who have become price sensitive amid a bearish economic outlook.”

Source: South China Morning Post

Евгений Ушаков
Evgenii Ushakov
15 years driving