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Regardless of the potentially unsound money involved that is pretty great they can produce these cars for $12k. Hopefully the export gamble pays off enough to c
by dmix 1y ago
Regardless of the potentially unsound money involved that is pretty great they can produce these cars for $12k. Hopefully the export gamble pays off enough to cover the internal issues, history is full of companies have a habit of stretching out the good times on easy money before they hit a wall.
BYD would probably just consume the smaller competition in such an event, just mostly bad news for provincial government debt.
- alephnerd 1y ago> that is pretty great they can produce these cars for $12k All new hatchback EVs comparable to the Atto in Asia can be purchased at around $8-12K as I mentioned before, like the Tata Tiago EV, Tata Punch EV, and VinFast VF3. > Regardless of the potentially unsound money involved It becomes unsound when you are selling it at $7-8K, which is what has been happening in China. Hypothetically great for consumers, but in action it was a net negative because the SOEs competing against BYD are all owned by provinces, so it was citizens money getting burned. This itself is why Chinese leadership has reprimanded the entire EV industry a couple days ago for reckless price wars [0] [0] - https://www.gov.cn/zhengce/202507/content_7032374.htm https://www.gov.cn/zhengce/202507/content_7032374.htm