The updated BYD e2 starts at Rmb89,800 ($12,500), down from Rmb102,800。

(Image source: BYD)

BYD (HKG: 1211, OTCMKTS: BYDDY) updated another affordable model to continue its action after the 2024 Lunar New Year holiday。

The new energy vehicle (NEV) manufacturer today launched an updated compact all-electric vehicle (BEV) e2, similar to the model update in the past month, calling it the e2 Honor Edition。

BYD e2 Glory Edition has two options, starting at RMB 89,800 (US $12,500) and RMB 96,800。

With the previous 10.Compared with the starting price of 280,000 yuan, the price is reduced by 1.30,000 yuan, a decrease of 12.65%。

BYD e2 is a model of the Ocean series, which was first listed in 2019。Another BYD product line is the Dynasty series。

The previously on sale 2023 e2 was launched in April 2023, when two versions were available, starting at 10.28 million yuan and 10.980,000 yuan。

This model is based on BYD pure electric e-Platform 3.0 build, the two latest models are equipped with a capacity of 43.2kWh blade battery pack, CLTC cruising range is 405 kilometers。

BYD said that the e2 Honor Edition is a pure electric vehicle designed for family customers, aiming to provide a more fashionable, efficient and comfortable green travel experience。

The model is 4,260 mm long, 1,760 mm wide, 1,530 mm high, and has a wheelbase of 2,610 mm。

Single motor drive, peak power 70kW, peak torque 180Nm。

BYD said that e2 is the most cost-effective choice among the 80,000-yuan pure electric models, providing a product experience that is difficult to achieve with models at the same price.。

On February 19, 2024, the second working day after the Spring Festival holiday, BYD launched low-cost versions of Qin Plus, Chaiguang 05 and other models.。rking launches latest round of major model updates。

Up to now, BYD has also updated Dolphin, Han, Tang, Song Plus, Yuan Plus, Seal DM-i, Song Pro DM-i, Seagull, all of which have been reduced in price。

This round of model updates seems to be the beginning of BYD's large-scale replacement of gasoline vehicles with new energy vehicles。

36 Krypton reported on March 11 that BYD's core management team said at a recent internal communication meeting that the company will mobilize all the advantages of technology and upstream and downstream industry chains to fight a "war of liberation" in three years, citing several people familiar with the matter.。

According to reports, this move will update its DM (dual-mode) hybrid system and all-electric platform e-Platform。

The biggest goal of BYD's "liberation war" is to seize the market share of gasoline vehicles, and raise the penetration rate of new energy vehicles to a new level within three years.。

($1 = RMB 7.1855)