This ‘Dream’ EV Could Prove a Nightmare for US Carmakers

News Snapshot:

A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but it drives well and is put together with craftsmanship that rivals US electric vehicles that cost three times as much. A shorter-range version costs under $10,000. Tariffs on imported Chinese vehicles will keep the Seagull out of America for now, per the AP , but the rapid emergence of low-priced EVs from China could shake up the global auto industry in ways not seen since Japanese makers arrived during the...