Low-cost Chinese Seagull could create waves in electric vehicle market

  • 📰 TerraceStandard
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

‘Any car company that’s not paying attention to them as a competitor is going to be lost’

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

“Any car company that’s not paying attention to them as a competitor is going to be lost when they hit their market,” said Sam Fiorani, a vice president at AutoForecast Solutions near Philadelphia. “BYD’s entry into the U.S. market isn’t an if. It’s a when.” Outside of China, EVs are often pricey, aimed at higher-income buyers. But Chinese brands offer affordable options for the masses — just as many governments are encouraging a shift away from gasoline vehicles to fight climate change.

There’s no single miracle that explains how BYD can manufacture the Seagull for so little. Instead, Woychowski said the entire car, which can go 252 miles per charge, is “an exercise in efficiency.” The efficiency means weight savings that add up, allowing the Seagull to travel farther per charge on a smaller battery.

While acceleration isn’t head-snapping like other EVs, the Seagull is peppy and would have no problems entering a freeway.

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:

 /  🏆 24. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Small, well-built Chinese EV called the Seagull poses big threat to U.S. auto industryEarlier this year, Tesla CEO Elon Musk told industry analysts Chinese EVs are so good that without trade barriers, ‘they will pretty much demolish most other car companies in the world’
Source: globebusiness - 🏆 31. / 66 Read more »

Small, well-built Chinese EV called the Seagull poses a big threat to the U.S. auto industryA tiny, low-priced electric car called the Seagull has American automakers and politicians trembling.
Source: CTVNews - 🏆 1. / 99 Read more »

Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industryLIVONIA, Mich. (AP) — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »