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Automakers

Fear of cheap Chinese EVs spurs automaker dash for affordable cars

BYD Dolphin front 2023
Chinese brand BYD is offering models such as the Dolphin hatchback, that start at about $33,000 in the U.K., which is nearly 30 percent below the starting price for the VW ID3 hatchback.
R
By:
Reuters
December 08, 2023 09:12 AM

LONDON -- The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to suppliers, from battery materials makers to chipmakers, to squeeze out costs and develop affordable EVs quicker than previously planned.

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