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BYD launches a ‘Model 3 killer’ at half the price of Tesla’s top seller

  • BYD has launched the Qin L EV, a new electric sedan priced at 119,800 yuan , which is about half the cost of Tesla's Model 3, priced at 235,500 yuan .
  • The Qin L EV offers a driving range of over 330 miles and features BYD's advanced smart driving technology called 'God's Eye'.
  • The sedan is equipped with new technology including fast charging and options for two battery packs, with hopes that it will attract young buyers.
  • BYD aims for long-term performance improvements through OTA updates, emphasizing that performance is more important than range for its customers.
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Investor's Business Daily broke the news in on Sunday, March 23, 2025.
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