The Seagull car by Chinese automaker BYD, priced at $12,000, rivals U.S.-made EVs three times its cost, potentially challenging the global auto industry status quo.
BYD's entry into the U.S. market is anticipated, with Chinese EVs posing a threat recognized by U.S. politicians and manufacturers, leading to expected 100% tariffs by the Biden administration.
Chinese EVs like BYD's Seagull are seen as a menace by some in the U.S. auto sector, with potential to disrupt the market, echoing the impact of Japanese automakers in the 1970s oil crises.
Elon Musk highlighted the prowess of Chinese EVs, indicating their potential to outshine many car companies globally, especially in a market shift towards affordable options and sustainability.
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