Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 36 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 63%

China News

Company President Terry Woychowski,Electric Vehicles,The Seagull

LIVONIA, Mich. (AP) — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by...

LIVONIA, Mich. — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling.

U.S. politicians and manufacturers already see Chinese EVs as a serious threat. The Biden administration on Tuesday is expected tosays in a paper that government subsidized Chinese EVs “could end up being an extinction-level event for the U.S. auto sector.” After the teardown, Woychowski said he was left wondering if U.S. automakers can adjust. “Things will have to change in some radical ways in order to be able to compete,” he said.

U.S. automakers don't often design vehicles this way and incur excess engineering costs, Woychowski said. A brief drive through some connected parking lots by a reporter showed that it runs quietly and handles curves and bumps as well as more costly EVs

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rate cuts, gold, small business: Market Domination OvertimeInflation continues to make its way through every sector, while the Dow Jones (^DJI) ends its best week since December. Leadership from the Federal Reserve...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »