The $25k car is going extinct?

Completely unmentioned: Chinese EVs are $10k worldwide except USA.

https://gmauthority.com/blog/2024/08/2025-byd-seagull-ev-sta...

First of all, that statement is entirely untrue. These cars aren‘t 10k in most (all?) of the EU for example. As far as I know, these 10k cars are really only a thing in china and some SEA markets (I am not sure if these cars are really that cheap adjusted to purchasing power in these markets).

Beyond that, the chinese EV brands are in market capture mode right now. The competition is cut throat and the margins are extremely thin.

It‘s a market skimming strategy that will presumably be a last man standing scenario. If the winner(s) are decided, prices will definitely not remain as low as they are right now in some places.

> Beyond that, the chinese EV brands are in market capture mode right now. The competition is cut throat and the margins are extremely thin.

BYD is profitable. Admittedly that's more of an exception than a rule for Chinese EV brands, but BYD is also the most important.

> It‘s a market skimming strategy that will presumably be a last man standing scenario. If the winner(s) are decided, prices will definitely not remain as low as they are right now in some places.

Even if most of the brands disappear we're very unlikely to get to an n=1 monopoly scenario. Even a couple dozen or so companies competing in the EV space should prevent margins from getting too high.

In the olden days the ICE industry was at times run by fewer than 10 companies per country, that was enough competition to prevent consumers getting too screwed by pricing.