For the average price of a car in the US, you could buy 5 new Chinese EVs
The average new car price in the US is $51,456, while in China, over 200 battery-powered models are available for less than $25,000. For the price of an average new US car, a Chinese consumer could buy five of the best-selling Chinese electric vehicles.
The Beijing Auto Show showcases China's competitive car market, with prices significantly lower than in the US. The average new US car costs $51,456, according to Kelley Blue Book. In contrast, China has over 200 battery-powered models available for under $25,000. Five best-selling Chinese electric vehicles (EVs) are available for under $12,000. These include the Geely EX2 ($10,060), Wuling Hongguang MiniEV ($6,560), BYD Seagull ($10,200), BYD Yuan UP ($10,945), and BYD Qin Plus DM ($11,675). For $51,456, a Chinese consumer could buy all five of these EVs. The Geely EX2 features a 14.6-inch touchscreen and a 255-mile range, while the Wuling Hongguang MiniEV is a tiny city car with a 127-mile range. BYD's top three models under $12,000 accounted for 700,000 sales in China over the past 12 months.
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