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Fear of cheap Chinese EVs spurs automaker dash for affordable cars

BYD Dolphin front 2023.jpg
Chinese brand BYD is offering models such as the Dolphin hatchback, that start at about US $33,000 in the U.K., which is nearly 30 per cent below the starting price for the VW ID3 hatchback.
NC
By:
NICK CAREY and PAUL LIENERT
R
By:
Reuters
|
December 08, 2023 10:00 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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