BYD says cuts car prices by up to 15,000 yuan each

Newswire

HONG KONG, Feb 18 (Reuters) - Chinese carmaker BYD Co Ltd , backed by U.S. billionaire Warren Buffett, said on Friday that it will cut the selling prices of five models by up to 15,000 yuan ($2,279), its first official price cut aimed at gaining market share. BYD cut prices on its five best-selling models -- the F0, F3, F3R, G3 and F6 -- by between 3,000 and 15,000 each, it said in a statement. The company reported a 15 percent decline in January sales, putting further pressure on its ...

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