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The Driven, an Australian car news site is reporting on a new EV offering from Chinese auto manufacturer BYD
From the article:
At $US15,000, BYD's new Qin EV is already being touted as a "Corolla killer" as the world's second largest EV maker continues to disrupt the global auto market.
Launched earlier this week in China, the all-electric Qin Plus has five models priced between 109,800 RMB to ($A23,300) to 139,800 RMB ($A29,700).
The Qin Plus comes with a 100 kW motor and the option of either a 48 kWh battery providing 420 km CLTC range or a 57.6 kW hour battery with 510 km range.
[...] Indeed, most legacy car makers, at least those that are bothering to make EVs at scale at all, are still focused on the top end of the market, selling premium and heavy and high cost EVs, largely to protect their ICE business. In the US, the major car makers are retreating rapidly on their EV plans.
BYD, which is challenging Tesla as the biggest EV maker in the world, says it's "officially opening a new era where electricity is lower than oil."
Additional reporting on the BYD Qin:
https://electrek.co/2024/02/19/byd-launches-15k-qin-plus-ev-kicking-off-price-war-gas-cars/
https://www.msn.com/en-us/autos/autos-hybrids/byd-launches-qin-plus-ev-honor-edition-electric-cars-now-cheaper-than-gasoline/ar-BB1izoNY
https://www.carscoops.com/2024/02/byd-launches-11000-qin-plus-dm-i-phev-in-china/
(Score: 2) by driverless on Tuesday February 27 2024, @01:19AM
This really illustrates why US car manufacturers have been slowly dying for the last 10-15 years, while newcomers like BYD are planning ahead on a massive scale, the US manufacturers response is to use their pet politicians to pass legislation favouring them and making it very hard for any competitors to emerge in their every-shrinking market. People can bring up all the usual bogeymen like the CCP secretly funding whatever, but the real killer of the US auto industry is the focus on short-term profit and maintaining existing markets even when those markets have moved on.