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A comment on Electric car battery prices are going back down faster than expected. Parent comment
I'll give example on Brazil. Cars were ridiculous expensive lately. Then BYD came in.
There were rumors of them launching Seagul (they call Dolphin Mini here) for R$ 100k.
Renault had Kwid E-tech for R$ 142k. They had to lower TO R$ 100k. They had to cut 30% out of nowhere because of Chinese competition.
GWM and Chery is also going well here as far I know.
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I'll give example on Brazil. Cars were ridiculous expensive lately. Then BYD came in.
There were rumors of them launching Seagul (they call Dolphin Mini here) for R$ 100k.
Renault had Kwid E-tech for R$ 142k. They had to lower TO R$ 100k. They had to cut 30% out of nowhere because of Chinese competition.
GWM and Chery is also going well here as far I know.