Chinese electric car Seagull, priced at $12,000, threatens US auto industry with comparable craftsmanship to US-made EVs at triple the cost.

Small, well-built Chinese electric car, the Seagull, poses a significant threat to the US auto industry, selling for $12,000 in China, with craftsmanship rivaling US-made electric vehicles costing three times as much. Despite potential tariffs preventing its immediate entry into the US market, the rapid emergence of low-priced EVs from China could shake up the global auto industry similar to the Japanese makers' impact during the 1970s oil crises.

May 13, 2024
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