"BYD's Affordable EV Sends Shockwaves Through Global Auto Industry"
TL;DR Summary
BYD has unveiled the new Seagull EV with a starting price as low as $9,700, causing concern among American automakers. The affordable EV, nicknamed "Lamborghini mini," is not available in the US but has prompted American automakers to take note. With the industry shifting towards smaller, more affordable EVs, Ford and GM are adjusting their plans to compete, while BYD's aggressive push with low-cost EVs and in-house manufacturing is putting pressure on American automakers to respond.
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