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BYD releases 5th-generation hybrid car technology with 2,100-km range
(www.chinadaily.com.cn)
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this post was submitted on 26 Jun 2024
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The open secret is that China's EV subsidies are designed to keep sales within the country, because otherwise Chinese EV companies could make obscenely higher margins selling overseas.
The BYD Seagull ($9700 in China) is being sold as the BYD Dolphin Mini in Mexico... For $21000.
The BYD Seal U (€19400 in China) is being sold in Germany for €41990.
Imported chinese EVs are still undercutting the European manufacturers, as much they have been lobbying to have increased import fees on the cheaper non EU EVs. The narrative is that they are heavily subsidised to the extend they cannot compete anymore, in so crippling overal in-continent EV development. Resulting in a dependence to the East.
If I am not mistaken such import fee has just passed in Brussel, in order to protect the European market.
In a weird way, humanity has been longing for greener automobile solutions, and now that it’s there, Europe wants to slow it down.
The US wants to slow it down. Europe is just following orders.