cars too.
they have a $5,000ev in china.
the market sort of decides the
kind of cars that you purchase
and, you know, those college
student, you know, the cheapest
10 cars in the u.s., they garner
about a 6% of the market in
2023.
that's the market for the
cheapest cars.
and then the kind of market that
you're in whether it's china or
india, mexico or here, that sort
of sets the price of the
cheapest cars.
you know, like, you're not going
to run out and buy the seagull
because americans tend not to
want stripped-down, cheap car,
you know?
it's always a nice headline, we
use the you go analogy in the if
story -- yugo, it was a $4,000
car and it seems great, but then
service is a progress,
reliability is a problem.
it's actually -- a progress,
it's very expensive to get it
fixed.
remember, the up-front cost is
only one portion of the equation
there.
>> so what do you think u.s.
automakers need to do to head
off this chinese competition?
>> so the way i liked it best,