this post was submitted on 10 Dec 2023
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Chinese EVs are being sold at a loss of up to 35k per car:
https://www.nytimes.com/2023/10/05/business/nio-china-electric-vehicles.html
The Chinese government is subsidising their car industry, so they can engage in dumping, and decimate our car industries. When our domestic car industries are dead, they'll raise prices. It's like Amazon or any other scummy megacorp that kills local businesses.
This being said, it's hard to feel sorry for companies who also receive plenty of government subsidies and tax breaks, broke the law on emissions testing and likely killed a lot of people because of it, and refused to innovate or lower prices out of sheer greed.
Selling at a loss is how you build volume and reach the economies of scale that drive down costs.
If you fiddle around half-heartedly putting out small numbers of EVs, you'll never come close to competing with a company that puts out over a million a year. A lot of automakers still aren't willing to commit, and they're whining about the position they chose to put themselves in.
China is using subsidies to accelerate the green transition, exactly like the US is doing with the "Inflation Reduction Act" and other initiatives.
And just like China with cars, the IRA spurred other European countries to pass similar legislation to remain competitive.
https://www.youtube.com/watch?v=TDfLWFv3ixk
https://www.youtube.com/watch?v=oEMtTtUZXEk
https://www.bloomberg.com/features/2023-china-ev-graveyards/
https://www.nytimes.com/interactive/2022/09/26/world/asia/china-fishing-south-america.html
https://www.theguardian.com/environment/2020/sep/17/chinese-fishing-armada-plundered-waters-around-galapagos-data-shows
https://www.youtube.com/watch?v=4LFCBTnrMow
https://www.youtube.com/watch?v=1SEfwoqKRU8
https://www.youtube.com/watch?v=bLFYChw5c0Y
Yup. Totally green.
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https://www.piped.video/watch?v=oEMtTtUZXEk
https://www.piped.video/watch?v=4LFCBTnrMow
https://www.piped.video/watch?v=1SEfwoqKRU8
https://www.piped.video/watch?v=bLFYChw5c0Y
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I truly don't care if China destroy the car industry, it's fucking ridiculous how expensive some basic shit is. In my opinion if you introduce a feature into your cars, you have ten years before it should become standard.
a comment in the article you linked says this better than I ever could:
The article also talks about BYD, a more established manufacturer than Nio, that is making profits selling electric cars.
just google chinese ev car graveyard https://i.imgur.com/vjtkj6J.png
not only are they selling at a loss, most of the sales aren't even real