World News@lemmy.worldEnglish · 11 months ago

Fear of cheap Chinese EVs spurs automaker dash for affordable cars

www.reuters.com

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Fear of cheap Chinese EVs spurs automaker dash for affordable cars

www.reuters.com

naturalgasbad@lemmy.ca to

World News@lemmy.worldEnglish · 11 months ago

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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Wodge@lemmy.world
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11 months ago
That’s the Ioniq 5 N, that’s the 650ish bhp hot hatch, the standard Ioniq 5 starts at $40k. Still not cheap, but not $70k.
- Clent@lemmy.world
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  Just did a search on inventory for my area, cheapest is $55k
- naturalgasbad@lemmy.caOP
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  US dealership model is aping prices.

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