this post was submitted on 26 Jun 2024

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BYD releases 5th-generation hybrid car technology with 2,100-km range (www.chinadaily.com.cn)

submitted 4 months ago by naturalgasbad@lemmy.ca to c/worldnews@lemmy.ml

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[–] naturalgasbad@lemmy.ca 24 points 4 months ago (8 children)

The open secret is that China's EV subsidies are designed to keep sales within the country, because otherwise Chinese EV companies could make obscenely higher margins selling overseas.

The BYD Seagull ($9700 in China) is being sold as the BYD Dolphin Mini in Mexico... For $21000.

The BYD Seal U (€19400 in China) is being sold in Germany for €41990.

[–] TwinTusks@bitforged.space 2 points 4 months ago (1 children)

Isnt it the norm for imported item to be much more expensive than what they are in their own country? Not just cars, but ... everything.

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