this post was submitted on 20 Feb 2024
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Electric Vehicles

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BYD launches $15,000 Qin Plus EV Honor Edition kicking off price war with gas cars (electrek.co)
submitted 8 months ago by MicroWave@lemmy.world to c/evs@lemmy.world
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BYD is kicking off a price war with gas-powered cars as new lower-priced electric vehicles begin rolling out. After launching the new Qin Plus EV Honor Edition on Monday, BYD said it’s “officially opening a new era of electricity is lower than oil.”

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[–] fubarx@lemmy.ml 6 points 8 months ago

Even at $15K or $20K, they would be underselling most new EV and ICE models. They're already looking at opening plants in Mexico: https://www.reuters.com/business/autos-transportation/chinas-byd-plans-new-electric-vehicle-plant-mexico-says-nikkei-2024-02-13/

If the U.S. changes trade rules, they'll just do what Japanese, S. Korean, and European countries did back in the 80s and start U.S. subsidiaries.