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Chinese EV maker BYD says new fast-charging system could be as quick as filling up a tank
(www.theguardian.com)
This is a most excellent place for technology news and articles.
They're not impossibly cheap. They just require support from a larger group like a government subsidy instead of a single corporation's influence.
If there's nothing wrong with the quality of the product then they're not doing anything wrong. They're just challenging the rest of the world to reduce their prices and increase their quality to beat the competition.