Submitted 1 year ago by L4s@lemmy.world [bot] to technology@lemmy.world
https://finance.yahoo.com/news/stellantis-ceo-says-chinese-evs-215315255.html
Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla::The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”
No shit. They’re getting huge governmental help, openly steal from non-chinese companies, global trade is already structured around them, and they can utilise literal slave labour.
And just as importantly targeting a market that no other EV maker wants to go into first : Reasonably priced EVs.
This guy doesn’t care about any or the above. He just doesnt want the EVs he sells to lose their incredibly high margins. If china comes in and swoops up a buyer at 22k then he loses one at 52k.
That’s it. These vendors could take the legs out of China in the market by offering comparable cars, but they want all EVs to stay “luxury” instead.
Sounds like your standard USA corporation
Yeah but China bad
The risk is that he would actually have to compete instead of resting on the beach. It’s good that these people are sweating when some fire is placed under their butts in the form of competition.
Elon Musk is the biggest risk to Tesla and the reason it’s going to fail.
I wanna say just compete better, but the only way to do that is lower employee wages and reduce regulations.
What about building a better product?
Because the competition is on price, EVs need to compete with cheaper ICE cars.
How about not taking millions as CEO compensation instead of reducing employee wages? Oh no, they need another yacht.
Tariffs work as well. But then we’d have to start manufacturing stuff for ourselves rather than getting other countries to do it.
He says he wants to avoid “a race to the bottom”. This is the most important part, it’s corporate-speak for “competition”.
This isn’t a warning that Chinese manufacturers are competing in the luxury car market. They’re creating affordable ones, and they’re going to eat everyone’s lunch because Western manufacturers want to literally avoid competition.
Lowering wages and reducing regulations is not required to compete, but willingness to manufacture affordable cars is.
Lowering wages and reducing regulations is not required to compete
It is if your competition is a nation that treats its workers like even bigger garbage than western companies do. They cannot go lower than China can.
Free market wen china : >:(
My next car will be electric, I have over 250k on my ice car and it’s only now just starting to show wear.
I haven’t purchased an electric because of the price, but I’ll definitely buy a $22k Chinese should they arrive on these shores.
Last time I checked BYD prices, they were not cheaper than other EVs.
What am I missing?
RobotToaster@mander.xyz 1 year ago
Capitalists suddenly stop loving the free market when it hurts their profits
Buffalox@lemmy.world 1 year ago
The argument is that it is NOT a free market, because the Chinese cars are subsidized. A Government subsidized company is not free market.
echodot@feddit.uk 1 year ago
Well frankly Western governments should also be subsidized in electric car production. If they actually want to move towards net zero, like they claim, it would be reasonable to expect them to actually do something to encourage greener technologies. Currently all they’ve done is said that they like it very much, and oh look let’s build one or two wind farms.
bionicjoey@lemmy.ca 1 year ago
Capitalists suddenly stop loving corporate welfare when they aren’t the ones benefitting from it.
inclementimmigrant@lemmy.world 1 year ago
How many billions did this not founding member of Tesla did he get from government again?
phoneymouse@lemmy.world 1 year ago
Isn’t that what the tax credits are?
LightDelaBlue@lemmy.world 1 year ago
Be ready for be down voted for say that (it’s true too)
kawa@reddeet.com 1 year ago
Communists have it so much better, look at N.K., they’re hangong in there good