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BYD launches a ‘Model 3 killer’ EV in China for half the price of Tesla’s top

The Qin L and Xpeng’s Mona M03, which are priced around US$16,500, arrive as the US company’s mainland sales are dropping.



BYD launched the Qin L sedan in China, an EV aiming to compete with Tesla's Model 3 at roughly half the price (US$16,517). Xpeng's Mona M03 is similarly priced. This comes as Tesla's sales in mainland China are declining, despite BYD's and Xpeng’s strong sales.

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