Chinese carmaker Geely Automobile Group (HKG:0175) introduced its first compact electric vehicle (EV) Xingyuan for first-time car buyers, South China Morning Post reported Wednesday.
Xingyuan will be in direct competition with BYD's (HKG:1211, SHE:002594) Seagull, which has similar features. Xingyuan's price is yet to be revealed though Seagul is available for under 70,000 yuan, the publication added.
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