this post was submitted on 14 Aug 2024
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chapotraphouse

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China has installed more electric vehicle charging stations in the past 73 days than the United States has installed in the past ever (hexbear.net)
submitted 1 year ago by CoolerOpposide@hexbear.net to c/chapotraphouse@hexbear.net
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[–] FloridaBoi@hexbear.net 8 points 1 year ago (1 children)

I saw this CNBC video on the Chinese EV industry and it showed how BYD has a fully vertically integrated production model and that’s how it can undercut the competition on price and quality. The report also said that BYD got $3.7b in subsidies between 2018-2022 almost as if US automakers including Tesla don’t get any subsidies.

[–] Assian_Candor@hexbear.net 11 points 1 year ago

US automakers get a ton of subsidies, they just do shit like raising dividends, or in the case of Musk 56 billion dollar pay packages