"BYD's Affordable Seagull EV Sparks Fear in Global Auto Industry"

Chinese automaker BYD's release of the $10,000 Seagull EV has raised concerns in the U.S. auto industry, despite the company stating it has no immediate plans to enter the U.S. market. With other affordable mass-market EVs potentially following suit, U.S. automakers, including Tesla, are racing to develop their own next-generation, mass-market EVs. The introduction of low-cost Chinese autos backed by government funding could pose a significant threat to the U.S. auto sector, according to industry experts. Despite the warnings, BYD's EV sales have surged, and Tesla CEO Elon Musk has acknowledged the competitiveness of Chinese car companies.