China’s car are cheap because they have good robotics. This is hand placing and wiring batteries into a good looking car, but the body may have a lot of manual labour too.
US or Europe could manufacture a car with these specs for $20k. Even with more expensive batteries.
Though the US/EU being slow at making $20k or $30k cars does mean there is this market opportunity for this in MX.
While LH2 is about 1/3 the density of gasoline as heat energy, and 3/4 the density for electric energy, it is about 2kwh-electric per liter. Lithium batteries are under 1/4 of that.