Chinese EV maker BYD Company (BYDDY, 1211.HK) cut the cost of its cheapest vehicle, the Seagull EV Honor Edition, now starting at $9,700 (converted from the Chinese yuan). This marks the latest chapter of the price war between electric vehicle manufacturers in the Chinese market. Tesla (TSLA) announced price cuts for its Model 3 and Model Y through March for customers in the region. Yahoo Finance Senior Autos Reporter Pras Subramanian comments on BYD's exposure in select markets, touching upon allegations of the Chinese government's involvement in bolstering the nation's EV industry. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
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