Tesla's Top Rival BYD Reveals Starting Price Of Hybrid Electric Pickup In Mexico Launch — Yes, It's A Lot Cheaper Than The Cybertruck
Portfolio Pulse from Anan Ashraf
BYD has launched its new mid-size hybrid-electric pickup truck, the Shark, in Mexico, which is significantly cheaper than Tesla's Cybertruck. The Shark is not planned for the U.S. market, reducing direct competition with the Cybertruck. BYD's move comes amid U.S. tariff hikes on Chinese imports.
May 15, 2024 | 10:17 am
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Tesla's Cybertruck faces indirect competition from BYD's new Shark hybrid-electric pickup, which is significantly cheaper but not entering the U.S. market.
The Shark's lower price could attract potential buyers in markets where both vehicles are available, but the lack of U.S. entry minimizes immediate direct competition.
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