California Should Allow Sale of Chinese EVs Amid High Gas Prices, Says Ripple Co-Founder
Ripple co-founder Chris Larsen urges California to allow $10,000 Chinese EVs like BYD’s Seagull for low-income drivers.
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Tesla stock has gained over the last month as the company's robotaxi ambitions advance. This news could overshadow what would normally be bad news.
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Ripple co-founder Chris Larsen urges California to allow $10,000 Chinese EVs like BYD’s Seagull for low-income drivers.
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The article compares BYD, a profitable global EV giant with presence in 120 countries, against Rivian, a high-growth American EV startup backed by Amazon. While BYD trades at a valuation discount and maintains financial stability, it faces Chinese government unpredictability and domestic pricing pressures. Rivian shows improving sales momentum and narrowing losses despite U.S. EV market headwinds. The author recommends Rivian for 2026 due to its sales growth trajectory and reduced reliance on unpredictable government policies, despite its continued cash burn and funding dependency.
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