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BYD just announced a stripped back version of their Dolphin hatchback to sell for just under $30k. MG will need to cut the price of the MG4 or they'll be losing market share pretty soon.


It's hard to compete with the scale of BYD on price right now. They can just keep rolling out new models at every price point cheaper than their competitors. This is a company that has taken market share off Tesla so MG have got no chance unless they've got a cheaper offering.


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