Geely on Wednesday launched the L7, the first model in the company’s new Galaxy plug-in hybrid electric vehicle lineup, which the Chinese automaker says will start at just RMB 138,700 ($19,486) — RMB 16,100 cheaper than BYD’s popular Song Plus plug-in hybrid crossover. The starting price of the family sports utility vehicle is also below the previous expectation of RMB 150,000, and RMB 21,100 lower than that of the Fierce Dragon Max, a similar offering recently launched by rival Great Wall Motor. It comes with a driving range of 1,370 kilometers (851 miles) with a full fuel tank and a full charge, also longer than the roughly 1,200 kms of BYD’s and Great Wall’s models. BYD’s Song Plus took the spot as the top-selling PHEV in China last year with sales of more than 380,000 units. [Geely announcement, in Chinese]