People responding really don't know the state of Chinese electric right now.
For 2023, China's BYD has globally outsold Telsa by over 50% and 8 out of the top 10 brands for global electric car sales for Oct 2023 are from China.
The BYD qin plus, for instance, is about $20k, the Wuling Mini-ev is about ~$10k, Aion Y is $20k. They're eating everyone's lunch and expanding into Central America, Africa and Europe.
Cars like the Cherry QQ, which are $5,000 aren't meant to be compete with new cars but instead, to the vast majority of price-sensitive buyers who normally purchase used cars. Introduce a used-price new car, however ...
They're poised to do to the American auto market what Japan did 40 years ago and just like then, American auto seems to be asleep at the wheel.
This is a classic Clayton Christensen innovators dilemma formula.
Edit: Apparently factual statements are unpopular once again. The internet is so cool.
For 2023, China's BYD has globally outsold Telsa by over 50% and 8 out of the top 10 brands for global electric car sales for Oct 2023 are from China.
The BYD qin plus, for instance, is about $20k, the Wuling Mini-ev is about ~$10k, Aion Y is $20k. They're eating everyone's lunch and expanding into Central America, Africa and Europe.
Cars like the Cherry QQ, which are $5,000 aren't meant to be compete with new cars but instead, to the vast majority of price-sensitive buyers who normally purchase used cars. Introduce a used-price new car, however ...
They're poised to do to the American auto market what Japan did 40 years ago and just like then, American auto seems to be asleep at the wheel.
This is a classic Clayton Christensen innovators dilemma formula.
Edit: Apparently factual statements are unpopular once again. The internet is so cool.