They also have abnormal access to financing as well, although that remains to be seen long term. I believe that Chinese car companies are real, because the und

They also have abnormal access to financing as well, although that remains to be seen long term. I believe that Chinese car companies are real, because the underlying battery manufacturers (BYD again, CATL, etc) are all leading in the mass market chemistries of LFP and Sodium Ion. WHich by the way are the key enablers of the cheap car. What should be REALLY concerning to car manufacturers isn't that this car is 10,000$. Sodium Ion is poised to be 25-40% the cost of lithium ion (cobalt/nickel), and LFP may be dropping from the 70% to 50% or less, for an equivalent pack. Both of those chemistries are improving on the roadmaps to being currently at 150 wh/kg (sodium ion) and 200+ wh/kg (lfp) to 200 wh/kg sodium and 250 lfp. Anyway, what that means is that EVs aren't just going to reach ICE parity soon (probably already is in China and Tesla with their high car margin), they are going to shoot past in quickly. So that $10,000 car might be $9,000 in two years, then $8,000 in four years, etc. "Big ICE" is in trouble if it doesn't get its platform development and battery supply ducks in a row, Tesla won't eat their lunch, the Chinese will. You know, assuming financial armageddon + autocratic dysfunction + demographics + Taiwan invasion sanctions don't crater the Chinese. As you stated, I can see Chinese companies diversifying their production internationally to hedge against their own government. These are interesting times.