Ding Yue priced this Feiyue Future New Energy Vehicle at 460,000 yuan, ensuring a sufficient profit margin, but there was another reason.
That was competition!
This price range of four to five hundred thousand yuan sees competition domestically from the products of two new energy vehicle companies.
One is a foreign business, namely the famous Tesla from The United States.
The other is a domestic player, the Penguin Auto Group's new energy vehicles, being a subsidiary of the Penguin Group.
Speaking of Penguin Group, it used to be just an internet company, but now it has dipped its toes into various industries. A few years ago, they grabbed a great opportunity with new energy vehicles, which took off and yielded significant successes.
Both of these new energy vehicle companies released new models this year, priced around four or five hundred thousand yuan.