China’s ALL NEW $10,000 Car SHOCKS The Entire EV Industry!

Chinese electric-car maker BYD launched the Seagull, a ridiculously cheap hatchback. It costs roughly $11,000 to start and offers up to 251 miles of range, according to BYD. It can charge from 30% to 80% in 30 minutes.

The average price for an electric car in China is already significantly lower than in the rest of the world, around $35,000 compared with $60,000 in Europe and $70,000 in the United States.

The Seagull will only be available in China at the moment and it doesn’t look like BYD has any plans to bring its EVs to the U.S. BYD showed off several of its latest models at Auto Shanghai 2023. Stateside, our best option is the Chevy Bolt EV, which unfortunately is on its way out.

Electric vehicle giant BYD is banking on new driver-assist technology to smooth out car rides. BYD, backed by Warren Buffett’s Berkshire Hathaway , announced Monday a new technological system for stabilizing car rides through rugged terrain, sharp turns and even shallow water.

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