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.
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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.
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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.