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 coming on fierce. Other car makers ought to be very afraid right now. $15K is cheaper than most gas vehicles. That’s … compelling to say the least.
We’re just not getting any of the chinese EVs. Many of them are only so cheap because of how much their government is subsidizing them so they can build market share.
The car only has 75 miles of range which just won’t fly at all in the US. Anything sub 200 is considered unusable here. nvm thats the phev model. That’s not bad for a phev. but 260 miles of range and 15k has to be heavily subsidized. And I doubt Americans would be willing to buy a Chinese car.
There was a lot of talk about how nobody would buy chinese cars in Australia too… they are everywhere.
People can get a chinese diesel dual cab 4x4 pickup for $37k Australian, the CHEAPEST Ford Raptor starts at $87k.
This same thing happens every couple of decades. In the 70s and into the 80s, no one wanted to buy a Japanese car - or virtually any Japanese products. They were considered inferior to their American-made counterparts (cars, but also electronics like radios and TVs). The inferiority of Japanese products was regular material for stand up comics and late night TV. The only reason, we were told, that anyone was buying their products was that they were dumping them on us at a loss. Now, Toyota isn’t synonymous with “cheap piece of crap import” but is considered a quality product that rivals American automakers. If you can tolerate a large dose of regular old establishment racism and want to flash back to how America saw the Japanese in the 80s, check out Michael Crichton’s Rising Sun. Or really about 70% of what was produced in the 80s, I guess, but that one is a keeper.
Fast forward a decade or two and they were saying the exact same thing about Korean cars. Same with Korean electronics in general - why buy Korean when you can buy Japanese?
Now it’s Chinese cars. I’m sure in the next decade or two it will be Vietnamese or Indian cars.
Yeah, unless they can buy a car for 15k. Principled boycotts of blood diamonds and child labor cocoa are more likely than someone making working wages willingly paying a 40% premium for a legacy GM shitcan.
Not that BYD is going to be selling a model 3 competitor at that price, but no one is selling a new Camry near that either. The 1st Gen civic was a basket case too, now it’s a spaceship and that’s without government-led IP raids…
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
Mind you, that’s the price in China. By the time they bring those to the US or Europe, that price usually doubles.
When they start selling in the US, the destruction of legacy manufacturers will be worse the the 1970s small car invasion
No way that can release one here in the US for the same price as a 10 year old Camry. Unless the Chinese government is going to pay for 1/2 the cost of the car, we aren’t going to see brand new vehicles selling for $15k.
Even at $15K or $20K, they would be underselling most new EV and ICE models. They’re already looking at opening plants in Mexico: https://www.reuters.com/business/autos-transportation/chinas-byd-plans-new-electric-vehicle-plant-mexico-says-nikkei-2024-02-13/
If the U.S. changes trade rules, they’ll just do what Japanese, S. Korean, and European countries did back in the 80s and start U.S. subsidiaries.
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/
We’re seeing that across my commodity chemical market prices too. The prices China offers seem… literally impossible. We are almost certain that China is paying either all the capital for the infrastructure, or just subsidizing 10x harder than we (US/EU) do.
Qin Plus EV Honor Edition
Christ
If the entry model came to the US, it could become the Ford Taurus or Toyota Camry of electrics. But the charging infrastructure would need to build up massively to be able to support that kind of volume.
The fact that they’re hitting both low end and high end (plus everything in between) should be massively concerning to every car company.
Don’t worry, they will pay politicians to make it illegal for them to sell here.
Should we be rooting for or against this company. I’m all for competition, but Elon Musk has made me lose faith in any car company.
Rooting for any company is always a bad idea. Companies are never your friend. They’ll always put profits first - way before ethics, values or even laws or common sense. Don’t trust them, don’t depend on them and especially don’t root for them.
Hear hear! This is one of the few black-and-white things in life. Every little thing a company does (or says) is meant for the betterment of their next quarterly report.
No matter how much a company says they “stand with” anyone, regardless of the popularity of the cause, their goal is to look better and convince more people that only they offer truly ethical consumption.
To be fair, I enjoy spectating any and all drama between the corps. However, in the immortal words of a shitty sci-fi movie poster: Whoever wins, we lose.
Starting at 420 km range, that’s actually pretty impressive. We might be looking at a tipping point here for electric cars.
Meanwhile in the US the entire automatic industry are keeping prices of EVs higher than crap and also eliminating their affordable car lines.
