Comment on Trump Is Obsessed With Oil. But Chinese Batteries Will Soon Run the World
Bytemeister@lemmy.world 10 hours agoI just read an article stating that Ford lost 36k on every EV they sold in 2023… In a market where they had government protection from Chinese EVs.
partial_accumen@lemmy.world 6 hours ago
Ford, and other American auto makers, were asleep at the wheel when EVs were starting to take off. Instead of investing in R&D to make a solid product they were caught unprepared and had to throw everything at the wall to see what stuck with their first EVs. Yes, they were able to bring them to market fairly quickly (good), but at the cost of efficient of the product and the production method.
This means for every EV they make, they do it expensively where they wouldn’t need to if they improved their designs and production methods.