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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 1 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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infecto ◴[30 Jun 25 12:23 UTC] No.44422395[source]▶
Completely untrue. Maybe in China or SEA but not for the rest of the world.

Chinese manufacturers have come a long way and I wish I could buy one in the US but they are also pricing at razor thin margins to starve out competition.

Even in Vietnam the Dolphin is $25k

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immibis ◴[30 Jun 25 12:26 UTC] No.44422417[source]▶
That's just competition doing its job. The rate of profit, just like every other price, is supposed to fall to the minimum sustsinable level in capitalism.
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mattmaroon ◴[30 Jun 25 12:34 UTC] No.44422484[source]▶
But it’s well below the minimum sustainable level due to Chinese government subsidies.
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NickC25 ◴[30 Jun 25 12:58 UTC] No.44422737[source]▶
And that's a bad thing?

A country's government sees an opportunity to invest into a promising new technology that could reap tremendous economic benefits. Such benefits include new jobs, new income, the ability to increase social/political capital worldwide, and help usher in a world that is that much less reliant on oil.

That's what countries in the first world are supposed to do.

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mattmaroon ◴[30 Jun 25 14:35 UTC] No.44423872[source]▶
Well, it’s a bad thing for countries whose economies include manufacturing and aren’t China, sure. The obvious threat is that they will do what they did with manufacturing capacity and just kill the industry in other places.

Do we want to get to a point where every industry is completely run by whichever country is willing to throw the most money at it?

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1. lossolo ◴[30 Jun 25 15:41 UTC] No.44424636[source]▶
How is that different from funding US companies with VC money fueled by a propped-up market, driven by printing $2 trillion in debt a year and benefiting from being the world's reserve currency (USD recycling on the stock market etc)? The end game seems to be the same.