this post was submitted on 13 Sep 2023
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EU announces investigation into Chinese electric carmaker subsidies | DW News (youtu.be)
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[–] tal@kbin.social 5 points 1 year ago

https://www.forbes.com/sites/neilwinton/2023/09/06/chinas-plans-to-win-big-ev-sales-in-europe-pains-incumbents/

China’s Plans To Win Big EV Sales In Europe Pains Incumbents

Chinese electric car leader BYD unveiled its Seal sedan at the Munich show, and investment bank UBS spelled out the bottom line in a report.

“We believe BYD Seal is not only cost-competitive compared to incumbent legacy brands, but also 15% lower compared to Tesla Model 3. We estimate BYD’s cost is 30% lower than those of western incumbents, allowing it to offer a competitive price in Europe even with tariffs, shipping costs and/or more costly local production,” UBS said.