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submitted 1 month ago by girlfreddy@lemmy.ca to c/news@lemmy.world

A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling.

The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made electric vehicles that cost three times as much. A shorter-range version costs under $10,000.

Tariffs on imported Chinese vehicles probably will keep the Seagull away from America’s shores for now, and it likely would sell for more than 12 grand if imported.

But the rapid emergence of low-priced EVs from China could shake up the global auto industry in ways not seen since Japanese makers exploded on the scene during the oil crises of the 1970s. BYD, which stands for “Build Your Dreams,” could be a nightmare for the U.S. auto industry.

“Any car company that’s not paying attention to them as a competitor is going to be lost when they hit their market,” said Sam Fiorani, a vice president at AutoForecast Solutions near Philadelphia. “BYD’s entry into the U.S. market isn’t an if. It’s a when.”

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[-] girlfreddy@lemmy.ca 21 points 1 month ago

The Big Three have already had Biden's ear for a while on this, which is why he's quadrupling tariffs on Chinese EVs this week. Source

[-] Daveyborn@lemmy.world 8 points 1 month ago

What? The big three are trying to rig the game in their favor again? I'm very surprised! ...not really, it's business as usual from them.

this post was submitted on 13 May 2024
263 points (87.0% liked)

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