Why a small China-made EV has global auto execs and politicians on edge
Publishing timestamp: 2024-03-22 06:00:01
Summary
The China-built BYD Seagull, a small all-electric hatchback, is priced at less than $10,000 and is making waves in the global automotive industry. There are concerns among global automakers about Chinese rivals flooding their markets and undercutting prices. BYD's success and expansion into international markets, including the U.S., has industry executives and politicians on edge. The rise of Chinese automakers like BYD poses a threat to traditional automakers, and there are calls for action to protect domestic industries.
Sentiment: MIXED
Tickers: 175-HK, TSLA, ZE594-CN, BYDDY, NIO, GM, STLAM-IT, F, STLA, 9866-HK,
Keywords: nio inc, tesla inc, electric vehicles, general motors co, china, breaking news: business, transportation, united states, stellantis nv, business, autos, byd co ltd, elon musk, ford motor co, donald trump, business news, geely automobile holdings ltd,
Source: https://www.cnbc.com/2024/03/22/byd-seagull-ev-puts-global-auto-execs-politicians-on-edge.html