Europe's carmakers fret over China's EV prowess at Munich car show (www.reuters.com)

submitted 10 months ago* (last edited 10 months ago) by Gsus4@feddit.nl to c/technology@lemmy.world

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Main points (to make up for the clickbaity title):

Challenge to bring down European EV manufacturing costs

Lower costs to close price gap with China EVs

China EV sales account for 8% of European total through July

Renault's R5 EV to be 25%-30% cheaper than Scenic/Megane

MUNICH, Sept 4 (Reuters) - Europe's carmakers have a fight on their hands to produce lower-cost electric vehicles (EVs) and erase China's lead in developing cheaper, more consumer-friendly models, executives said at Munich's IAA mobility show.

"We have to close the gap on costs with some Chinese players that started on EVs a generation earlier," Renault (RENA.PA) CEO Luca de Meo told Reuters at the car show, adding when manufacturing costs decline, prices will also go down.

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[-] Hazdaz@lemmy.world 13 points 10 months ago

EVs are easily.

They are considerably less complicated than ICE cars. And since they've been building iPhones and Playstations and TVs for a couple of decades now, they have the expertise to manufacture electrical components which is where they have learned about the E in EVs.

[-] Hypx@kbin.social 1 points 10 months ago* (last edited 10 months ago)

This the real truth. Anyone can make a BEV. It implies nothing when someone does. European car makers can do so if they wanted to. The problem is that people don't want BEVs. They're just too expensive and limiting.

this post was submitted on 05 Sep 2023

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