The fierce competition between Chinese automakers has the potential to reshape EV markets around the world — and stoke resistance.
BYD's Dolphin on display at the Thailand International Motor Expo in Bangkok, Thailand, December 10, 2022. Credit: Oasishifi via Shutterstock
When BYD kicked off its latest marketing campaign last month, it used a simple slogan: “Electric Is Cheaper Than Gasoline.” In the two weeks after the Lunar New Year, the Chinese automaker matched its words with actions, launching newer versions of eight models with lower prices. Its cheapest car, a compact called Seagull, now costs as little as 69,800 yuan — just under $10,000.
BYD's 'Seagull' (top) launched in Brazil and Mexico as the Dolphin Mini, March 2024. Credit: BYD via Fac
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On Wednesday Xi Jinping presided over a Beijing military parade celebrating the 80th anniversary of Japan’s World War II defeat. Eighty-eight years ago his mother, Qi Xin, watched Japanese troops march into the city, at the outset of a conflict that would define her formative years and instill lessons she would later pass on to her son.
In an extract from his new book, Breakneck, Dan Wang hops on his bike to explore how China’s problems throw America’s into stark relief. How is it, he asks while biking through Guizhou, that China’s...
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