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Business

Next big battle in China auto market is over 50,000-yuan cars

BYD unveiled its latest F3 model on March 25. Its listed price starts at 49,900 yuan, but actual sales prices often come in below 40,000 yuan at dealerships.

GUANGZHOU, China -- Competition is heating up in China's market for low-end cars. And both Chinese and foreign carmakers are racing to expand lineups.

     These cars are mostly entry-level vehicles priced at around 50,000 yuan ($8,033).

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