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China's Getting Ready To Flood The World With Even Cheaper EVs And PHEVs
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China's Getting Ready To Flood The World With Even Cheaper EVs And PHEVs
Chinese automakers debut budget EVs under $21,000 to expand abroad. Falling EV prices spark fears of excessive competition and lower profits. BYD and Great Wall Motor report 30 percent profit drops amid price cuts. Chinese automakers are steering the electric era into a new phase, flooding the market with low-cost EVs and plug-in hybrids at the Guangzhou Motor Show. With prices starting between 100,001 yuan ($14,100) and 150,000 yuan ($21,1…
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