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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

In China, It’s Already Cheaper to Buy EVs Than Gasoline Cars::undefined

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[-] TenderfootGungi@lemmy.world 165 points 1 year ago

They are far simpler with fewer parts. It is only a matter of scaling up manufacturing. The biggest cost is the battery.

BYD is closing in on Tesla as the largest EV manufacturer and most Americans have no idea they exist.

[-] luckyhunter@lemmy.world 1 points 1 year ago

Is BYD a China state run company?

[-] iridaniotter@lemmygrad.ml 2 points 1 year ago

It's not an SOE and like half of its stocks are owned by Americans. But the parent company got some government funding according to the US Congress, so the whole conglomerate is considered an SOE by America now. Sounds like trade war stuff to me lol

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this post was submitted on 27 Aug 2023
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