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.”
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.”
That’s a you problem. The parent comment doesn’t even mention US and it is not the center of the universe. China is one of the top polluter currently, and if they alone phase out ICE cars, it would be a net benefit for the world (if they use renewables).
Not everything has to reach the US to be considered “cheap”. Western news mentioning USD doesn’t mean the company is looking for people in US specifically to buy it. Same as not everyone buying Tesla gets it in local prices abroad.
This announcement coincides with BYD announcing they’re building a plant in Mexico likely targeting the US market, and them running sponsored english articles talking about how they’re beating companies like Tesla in order to drum up demand in the US.
Also I wouldn’t be so sure about this reducing pollution in China as these cars are being discarded like outdated iPhones. https://www.bloomberg.com/features/2023-china-ev-graveyards/