Tesla plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars.
    • @tal@lemmy.todayEnglish
      3•1 year ago

      I dunno. EV manufacturers are gonna have to have lower-end models if they’re gonna compete with BYD.

      https://www.electrive.com/2023/11/06/byd-could-soon-build-electric-cars-in-hungary/

      BYD could soon build electric cars in Hungary

      According to a German media report, BYD’s first EV factory in Europe will be built in Hungary. Officially, however, the Chinese manufacturer will not announce the location of the first European plant until the end of the year.

      https://www.bbc.com/news/business-66737524

      “The BYD Seal has a 15% advantage over Tesla’s Chinese-made base Model 3 sedan,” according to a UBS report.

      BYD’s entry level EV - Seagull - sells at $11,000. Tesla recently unveiled a Model 3 sedan, whose starting price in China was almost $36,000.

      • NobsiEnglish
        2•1 year ago

        BYD will have to find a way to get their cars to be cheaper than other europen ones. I doubt europeans work 12 hours a day for 5 bucks an hour