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anon user #8647"It's a free market"
For the average price of a car in the US, you could buy 5 new Chinese EVs
BEIJING, April 28 (Reuters) - Call it a different kind of sticker shock.
The Beijing Auto Show that opened to the public this week is a showcase for how hypercompetition in China has driven new car prices in the world's largest car market to a fraction of the level of the next-largest market, the U.S.
The contrast is stark.
The average new car in the U.S. in March had a list price of $51,456, according to Kelley Blue Book.
In China, there are more than 200 battery-powered models, including hybrids, for sale at less than the equivalent of $25,000, according to DCar, an information and trading platform.
Reuters compiled a list of the five best-selling electric vehicles in China that start under $12,000 using DCar data.
These small EVs aren't available for sale in American showrooms - and may never be - but for about the price of an average new car in the U.S., a consumer in China could buy all five of these EVs.
Geely EX2: Starting price, $10,060
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anon user #8647Re: "It's a free market"
A "free market" for wages and welfare. But protective policies protecting the billionaires (and harming consumers) for everything else!
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anon user #8647Re: "It's a free market"
Can't get a cheap EV so Elon Musk can become a trillionaire.
Can't get a cheap Chinese Phone because the Apple billionaires must be protected.
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