Tesla Inc (TSLA)

[tw0122]

$BYD launches presales for the Seal in China priced less then Tesla

BYD has started pre-selling its Seal electric sedan in China. This means that the prices and technical data of the eagerly awaited electric car, which is intended to compete with the Tesla Model 3, are now known.
The BYD Seal is available in four versions with ranges between 550 and 700 kilometres according to Chinese standards and costs between 212,800 and 289,800 yuan (currently equivalent to 30,150 to 41,050 euros). By comparison, the Tesla Model 3 with a similar range costs around 9,000 euros more.
The Seal, about which initial information was leaked in February, is the first BYD model with cell-to-body technology (CTB), in which the battery cells are integrated directly into the vehicle body. BYD, like Tesla, describes the CTB technology as a structural component and battery in one, according to a report by CN EV Post. The word sandwich structure by large-format batteries between two plates also falls, with the upper plate also forming the floor of the interior