BYD's $9,700 'Lamborghini Mini' EV Sparks Price War With U.S. Automakers

BYD unveiled a new EV called the Seagull (Dolphin Mini) with a shockingly low starting price of $9,700, earning it the nickname "Lamborghini mini."

The Seagull's simple and efficient design and better-than-expected quality are concerning American automakers.

BYD is profitable on the Seagull, unlike most affordable EVs, giving it an advantage over competitors.

In response, American automakers like Ford and GM are shifting focus to develop more affordable EV models priced around $25,000.

BYD has launched a "liberation battle" against gas cars with several low-cost EVs and plans to cut costs further with a new platform, putting pressure on rivals.