BYD With A $10K EVs

in LeoFinance11 months ago

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Here is the article mentioned in the video:

https://www.cnbc.com/2024/03/22/byd-seagull-ev-puts-global-auto-execs-politicians-on-edge.html

Do not look at the EV market based upon anything you know about automotive. Instead, look at it based upon technological progression.

In this video I discuss the objections often posed to EV adoption. Many simply cannot find it plausible. They buy into the excused like they are permanent. The example is moble phone. Circa 1985, there were a lot of "reasons" why mobile phone adoption would not take place. Those objections look foolish in hindsight.

One that is often mentioned id EVs are too expensive. BYD now has a vehicle that is priced at $10K. It doesn't seem like this excuse will hold weight much longer.


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It seems the Ev's prices are dropping more towards the affordability stage which is a win/win situation for mass adaptability.

We will see. It is going to require moving into the economy segments. BYD certainly is doing that.

I think it was too quick, but BYD being able to roll out a 10k EV is really good for them. I can see it being a hit with consumers especially with the high gas prices. It will be interesting to see how the other competitors react to this.

I dont know if it is going to be exported or simply is available in China. Nevertheless, it does show the focus of the company.

I agree. One of the usual descriptions for Chinese businesses in my area is that they go for small profits, but many sales. This could be one of those.

It's is wise to let this present situation on pricing remain as it is it. Maybe this is just a little slip to bring in more purchases for the company

 11 months ago Reveal Comment