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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. While BYD said just last month that it has no plans to enter the U.S.

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NIO planning on releasing affordable electric car for European market: report

Teslarati

Chinese electric vehicle manufacturer NIO appears to be preparing to capture some market share from mainstream automakers like Volkswagen. According to recent reports, NIO plans to launch a competitively priced model for the European market at a price tag below 30,000 euros (about $33,060).

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Cheap talk: Volkswagen to bed Renault in race to build sub-$30k EV | reports

EV Central

Created to be “affordable to the masses” it’s thought the new EV could be built on a new architecture that will slash costs further than cars based on the VW Group MEB, or the Renault’s CMF-EV architectures. A second VW-branded EV is also in the works that’s it’s thought Renault might co- develop.

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BYD expects at least $4 billion in net income from surging EV sales

Baua Electric

In the last three months of the year, the Chinese automaker overtook Tesla as the largest global EV maker as it expanded the brand. It also recently launched new models in Europe, Mexico, Australia, India, and others. The price tag is expected to be around $140,000 (1 million RMB). billion (31 billion yuan) in net income.

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GM expands to new European markets with its luxury $93K Lyriq

Baua Electric

Last October, GM announced that it was launching sales in Switzerland as a first step in its all-electric return to Europe after selling off the Opel and Vauxhall brands back in 2017. Besides that eye-watering price tag, it all runs counter to a big push for more affordable EVs as Chinese rivals turn up the pressure.

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BYD launches $233K Yangwang U9 electric supercar that will smoke a Ferrari and can dance

Baua Electric

seconds and a $233,400 (1,680,000 yuan) price tag. In fact, the SUV made its debut in Europe at the 2024 Geneva Motor Show this week. Ford’s CEO Jim Farley said the American automaker is working on affordable EVs to compete with Chinese automakers like BYD.

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ZAP Acquires 51% Stake in China’s Jonway Auto in Focus On China EV Market; Plans Acquisition of Other 49% in Second Phase

Green Car Congress

ZAP is a 15-year-old California EV company and Jonway Auto is a wholly owned subsidiary of Jonway Group, a 20-year-old Chinese vehicle manufacturer. Jonway distributes through a nationwide network of auto dealerships in China and distribution partners in Europe and Egypt. Tags: China Electric (Battery) Vehicle Manufacturers.

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