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| ▲ | rswail an hour ago | parent | next [-] |
| Australia managed to destroy its car industry on its own. The latest BYD Atto 1 is AUD27K including all on-road costs. Tesla 3 base model is AUD60K, BYD Seal base model is AUD50K. You guys are missing out big time by not allowing Chinese cars. |
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| ▲ | cosmic_cheese 7 hours ago | parent | prev | next [-] |
| I’d love to see a ~$20k EV too, but it’s gonna be tough to pull that off without China’s cheap labor and materials, at least until EVs start moving at the kind of volumes that traditional ICE and hybrid vehicles sell at. |
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| ▲ | rswail an hour ago | parent | next [-] | | Nothing to do with cheap labor/materials and everything to do with a very integrated and highly sophisticated and competitive supply chain. | |
| ▲ | stoneforger 6 hours ago | parent | prev | next [-] | | https://evmagazine.com/news/how-chinas-byd-is-using-ai-to-sc... , it's automation and vertical integration. It shows what was always possible if companies focused on product instead of stock buybacks. Fuck Jack Welch. | |
| ▲ | olyjohn 7 hours ago | parent | prev | next [-] | | We're never going to see a $20k car in the US again. Why would they sell any car for $20k, when they could sell it for $30k like they are doing now? They make more money selling fewer cars at higher prices, so no manufacturers are interested. | |
| ▲ | alephnerd 7 hours ago | parent | prev [-] | | Prices are always set in a manner in order to optimize for margins. Heck, the Volvo EX30 is for all intents and purposes a Zeekr X, yet sells for US$40k a year in Australia despite Australia having an automotive FTA with China (ie. no tariffs against Chinese exported cars). On the other hand, a similarly specced Zeekr X sells for US$24k a year in Mainland China. Tl;dr - you will never see a $20k EV in the US or Canada because even if a Chinese firm was allowed to export into the market, they would be leaving too much money on the table. |
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| ▲ | alephnerd 8 hours ago | parent | prev [-] |
| Household incomes are also much lower in China compared to Western countries. The kind of upper line BYD EV model that would appear to be a discount to a Western buyer is fairly unaffordable in a country where the median household incomes are around Yuan 2-3k (US$300-500) a month. A US$15,000 car is equally as unaffordable for most Chinese just as a US$100,000 car is for most Americans. Heck, the median household in China only spent Yuan 4k (~US$550) a year [0] on transportation and telecom (the Chinese government chose to club both into a single bracket) in 2024 - meaning at least 50% of Chinese households cannot afford the vast majority of EVs domestically sold in China. [0] - https://www.stats.gov.cn/english/PressRelease/202501/t202501... |