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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 3 comments | 29 Jun 25 15:59 UTC | HN request time: 0s | source
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1970-01-01 ◴[30 Jun 25 12:10 UTC] No.44422276[source]▶
Completely unmentioned: Chinese EVs are $10k worldwide except USA.

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

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moooo99 ◴[30 Jun 25 12:17 UTC] No.44422331[source]▶
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.

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1. WiSaGaN ◴[30 Jun 25 13:11 UTC] No.44422866[source]▶
Can you name one example of a consumer product that China initially sold affordably to gain market share and then later raised prices?
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2. bbarnett ◴[30 Jun 25 13:28 UTC] No.44423043[source]▶
It would be easier to mention the inverse, I'd imagine.
3. moooo99 ◴[01 Jul 25 05:57 UTC] No.44431013[source]▶
One recent category I just had to buy a new one: Robot Vacuums