BYD's astoundingly cheap electric car sets a record that could spark a new price war

Chinese automotive giant BYD is fanning the flames of a brutal EV price war in its domestic market by further slashing the asking price of one its cheapest cars - the Seagull. The recently announced Seagull Honor Edition now costs 69,800 yuan, which is around $9,700 / £7,600 / AUS$14,700, making it the cheapest electric vehicle in China at the time of writing. The Seagull, as it is known in its home market, is also exported to South America, where it is labelled the Dolphin Mini in an attempt to simplify the range and increase brand recognition (the larger Dolphin…