Everyone thought Toyota was Nokia when Tesla appeared... I think those days are over. Toyota survived that one already with a facelift for Prius.
BYD Dolphin base in Japan is $19k, the new Racco kei car is $14k. They're not doing so well - they just have no selling point. They're not even the cheapest of EVs in Japan, let alone the cheapest of all cars for Japan - $19k is literally 4k over the current gen JDM Corolla. I think that is an indication that BYD has no secret sauce but their pricing are just introductory one to starve off last bits of Western industrial capacities spared by Japanese automakers.
BYD Dolphin base in Japan is $19k, the new Racco kei car is $14k. They're not doing so well - they just have no selling point. They're not even the cheapest of EVs in Japan, let alone the cheapest of all cars for Japan - $19k is literally 4k over the current gen JDM Corolla. I think that is an indication that BYD has no secret sauce but their pricing are just introductory one to starve off last bits of Western industrial capacities spared by Japanese automakers.