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.”
1 point
While there are tensions with China, people still voted with their wallets in previous such “invasions”.
- Back in the 70s-80s, there was a lot of tension with Japan, arguing similar things, but the smaller, efficient, cheaper vehicles were compelling enough to practically destroy American car companies who were unable to produce similar. Actually, UAW reaction where Japanese branded vehicles at UAW plants were destroyed, w may have been the root of my former hatred of unions.
- when Korean manufacturers broke into the US market, the tensions weren’t as high but there was a lot of attacks against “inferior” products and plenty of bigotry. While Hyundai/Kia have had recent missteps, they’ve come on strong, grown like crazy, and now have a much better reputation for quality and support, while still holding a price advantage and compelling features
