China’s Plans To Win Big EV Sales In Europe Pains Incumbents
Chinese electric car leader BYD unveiled its Seal sedan at the Munich show, and investment bank UBS spelled out the bottom line in a report.
“We believe BYD Seal is not only cost-competitive compared to incumbent legacy brands, but also 15% lower compared to Tesla Model 3. We estimate BYD’s cost is 30% lower than those of western incumbents, allowing it to offer a competitive price in Europe even with tariffs, shipping costs and/or more costly local production,” UBS said.
are you serious? as much as i hate the ceo, but tesla has, unfortunately, better mpkwh than any european car manufacturer. the software is also way ahead. and then there is, at least in germany, the problem with the reliabilty of the charging network. only enbw comes close to tesla superchargers, but they are not part of any car manufacturer.