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US and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China’s top EV maker, BYD, has dramatically hiked export prices compared to what it...
U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. The goal: to rake in hefty profit margins the automaker can’t get in China amid fierce competition. In some foreign showrooms, BYD charges more than double — sometimes nearly triple — the price it gets for three key models in China, according to a Reuters review of the automaker’s pricing in five of its biggest export markets.
BYD's EV Exports: Take the BYD Atto 3, a compact electric crossover. In China, the midrange version sells for USD 19,283. In Germany, the little SUV is priced at USD 42,789 - a price that's still competitive with comparable electric vehicles in that market.
The Chinese government has asked public companies to improve their investment value to maintain market stability
BYD has signed an agreement with the China Electricity Council to jointly develop service networks for battery storage systems.