BYD announced plans to launch its Seagull hatchback electric vehicle in Europe next year, offering premium features at a competitive price point. The Seagull, priced below $10,000 in China, is expected to retail for less than €20,000 ($21,500) after imports and regulatory modifications in Europe. The impending entry of BYD's Seagull EV into the European market intensifies competition among automakers transitioning to electric mobility solutions. European industry leaders face growing pressure to innovate and adapt in the face of competitive pricing and advanced features offered by emerging market entrants like BYD.