Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla
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.”
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.”
Capitalists suddenly stop loving the free market when it hurts their profits
96The argument is that it is NOT a free market, because the Chinese cars are government subsidized. A Government subsidized company is not part of a free market.
19Well frankly Western governments should also be subsidizing 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.
33Capitalists suddenly stop loving corporate welfare when they aren't the ones benefitting from it.
28Isn’t that what the tax credits are?
That said, it’s entirely reasonable for a country to levy tariffs on another country’s goods to support their own industries. Other countries do that to America.
10How many billions did this not founding member of Tesla did he get from government again?
9
Be ready for be down voted for say that (it's true too)
-6Communists have it so much better, look at N.K., they're hanging in there good
-6
Elon Musk is the biggest risk to Tesla and the reason it's going to fail.
26No 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.
23But most importantly, China is targeting a market that no other EV maker wants to go into first : Reasonably priced EVs.
This guy doesn't care about any of 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 at comparable prices, but they want all EVs to stay "luxury" instead. That's China's real threat. They are dropping the bottom out of the artificial high priced market with reasonably priced cars.
65Sounds like your standard USA corporation
22Yeah but China bad
15
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.
18My 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.
8Cry me a river.
5Read the article. It’s not crying. It’s acknowledgment of a new legitimate competitor like Japan and South Korea became. It’s a call to arms for US manufacturers to get better. This is pro consumer.
7
Last time I checked BYD prices, they were not cheaper than other EVs.
What am I missing?
1The byd seagull starts at $11,000 that’s like a third of the cheapest EV segment in the United States
1
Your own inept management in the face of obvious consumer demand for a cheap, basic EV for all is the biggest risk. Fucking out of touch idiots.
1Free market wen china : >:(
-2I hear you, but this is Lemmy, we're all supposed to be CCP shills and think free markets are the worst thing ever.
2Tesla luv those subsidies
3
I wanna say just compete better, but the only way to do that is lower employee wages and reduce regulations.
-3How about not taking millions as CEO compensation instead of reducing employee wages? Oh no, they need another yacht.
6He 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.
3Tariffs work as well. But then we'd have to start manufacturing stuff for ourselves rather than getting other countries to do it.
2