For the average price of a car in the US, you could buy 5 new Chinese EVs

BEIJING - Call it a different kind of sticker shock.The Beijing Auto Show that opened to the public this week is a ‌showcase for how hypercompetition ‌in China has driven new car prices in the world's largest car market to a fraction of the level of the next-largest market, the U.S.The contrast is stark.The average new car in the U.S. in March had a list price of $51,456, according to Kelley Blue Book.In China, there are more than ‌200 battery-powered models, including hybrids, for sale at less than the equivalent of $25,000, according to DCar, an information and trading platform.Reuter…READ FULL ARTICLE