Remove Auto Industry Remove Low Cost Remove Mexico
article thumbnail

The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S.

article thumbnail

Tesla’s $25,000 car to be built at Giga Texas, then Giga Mexico: Elon Musk

Teslarati

On Tuesday, longtime auto industry veteran Sandy Munro shared a new interview with Musk, held following the Cybertruck delivery event. For one, Musk said that Tesla was “quite far advanced” in working to develop the low-cost, high-volume EV, adding that he reviews the production line plans for that on a weekly basis.

Mexico 145
article thumbnail

China’s BYD Says Prospective Mexican Plant Won’t Export to U.S.

The Truth About Cars

Chinese automaker BYD has been seeking to build an automotive plant in Mexico, with the company’s regional chief executive confirming the plan on Wednesday. manufacturing advocacy group, the Alliance for American Manufacturing, this month warned low-cost Chinese cars and parts could threaten the viability of auto companies in the U.S.

BYD 104
article thumbnail

Nissan and Honda unite to join global software-defined EV race, play catch up with Tesla

Baua Electric

Mitsubishi’s CEO Takao Kato explained, “Collaboration with partners is essential in today’s auto industry,” with EVs and other tech rapidly developing. BYD is breaking into Japan’s seemingly impenetrable auto industry. Ford is working on a low-cost EV platform with software at its heart.

Honda 52
article thumbnail

Here’s how the new EU tariffs will impact Chinese EV makers like BYD and NIO

Baua Electric

BYD Seal test drive in Mexico (Source: BYD) According to the release, Tesla “may receive an individually calculated duty rate at the definitive stage.” With low-cost EVs, Chinese EV makers are quickly expanding in key global automakers. BYD’s leader said the new EU tariffs are a testament to China’s auto industry strength.

BYD 52
article thumbnail

Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

Well, America’s auto industry delivered over 100,000. And no one asked what it would cost. That helped us become the world’s greatest industrial power. It helps that the auto industry will be building more efficient new vehicles. It’s a 21st-century equivalent of what we did in 1942. We just had to do it.

Oil 252
article thumbnail

Under US pressure, Mexico refuses to offer incentives for Chinese EV makers – Charged EVs

Baua Electric

After decades of trumpeting “free trade,” and watching industry after industry decamp to China, the US government has apparently decided to draw a red line in front of the auto industry, and protectionism is back in style. it has been plain that electrification is the future of the auto industry.

Mexico 52