wapo: China is building cars the world wants.
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Date: May 13th, 2025 3:54 PM Author: ''"'''"''"'
It all puts an industry crucial to the U.S. economy in a precarious place, with analysts warning there is only so long U.S. auto giants can rely on tariffs to wall consumers off from Chinese offerings. Europe has already bent to consumer demand, with drivers eagerly buying up reliable EVs with sticker prices as low as $20,000 from red-hot Chinese EV makers like BYD, short for “Build Your Dreams.” Last month, BYD announced it had fulfilled a dream of many motorists by unveiling electric cars that could be fully charged in five minutes.
The starting price of the new fast-charging BYD cars sold in China is under $28,600, more than 10 percent cheaper than a Tesla Model 3 there.
“If those products were to come to the U.S., the auto industry here would be in deep trouble,” said Alexander Edwards, president of Strategic Vision, a market research firm that advises automakers. They could lure masses of motorists who right now have no interest in going electric, he said.
(http://www.autoadmit.com/thread.php?thread_id=5724544&forum_id=2:#48927582) |
Date: May 13th, 2025 3:59 PM Author: ''"'''"''"'
Farley himself had a Xiaomi electric car delivered from Shanghai to Chicago and drove it for months, telling a podcaster in October how he marvels at this vehicle that was designed and manufactured by a cellphone company.
He said Ford is retooling its strategy around EVs with a moonshot-like effort to replicate the Chinese model of innovating cheap, high-tech vehicles in a division walled off from the company’s legacy production lines.
(http://www.autoadmit.com/thread.php?thread_id=5724544&forum_id=2:#48927593) |
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