$20k? That's ridiculous.
Maybe not!$20k? That's ridiculous.
About 50 years ago, we (Americans) laughed at the Japanese cars which started their incursion in the US. Are we still laughing today?!Maybe not!
China-bound cars might have less features and safety regulations and consumer protections. But it is probably real.
BYD, China's EV leader and one of Warren Buffet's Berkshire investments, just overtook Telsa as the EV King in China.
"The lower regulator standards do have people there concerned about certain brands."Just got back from a week in Shanghai. 50% of the cars on the road are EV. Dozens of brands. Competitiveness is fierce. Tesla is priced lower vs other countries in order to compete. Unclear if general lower pricing from government subsidies, lower regulator standards, or lower costs associated with Chinese manufacturing (probably a combo of all three). The lower regulator standards do have people there concerned about certain brands.
The chatter was mostly about Li auto which has the feature packed EVs that we see all over social media."The lower regulator standards do have people there concerned about certain brands."
Any insight?
cnevpost.com
Thank you.The chatter was mostly about Li auto which has the feature packed EVs that we see all over social media.
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Li Auto hits back after being mocked by Tesla for lack of technology
Li Auto released a range test comparison video of the Li Mega versus the Tesla Model X to show that its first BEV model has better performance.cnevpost.com