Honestly which planet are you? $48,000 is not 'dirt-cheap'.
The average salary in the UK is around £24,000 so, the cost of the Chinese EV model is approaching double this annual salary.
Why must everything 'Made in China', be smeared in negative terminology by Western commentators?
But never mind... Chinese ingenuity and patience with the upstart Euro-Americans who rampaged their way around the world, is going to triumph: quietly.