That’s only half the truth though. The main reason why they’re so cheap is because they manufacture everything in the supply chain themselves. Everything. They have their own mines for their resources, they make their own batteries (which they’ve been doing for ages), they make their own electronics, they make their own software etc.
They also have a completely different mindset. For them they are rolling electrical devices with some software. They don’t need the knowhow of the traditional car manufacturers.
And then they bought the Audi designer along with his entire team to make the cars look good.
Edit: I’m talking about BYD. The rest is pretty much irrelevant.
Yes, there are efficiencies since all the tech is pretty close, but that pales in comparison to the sheer dollars injected into the industries. 231 billion dollars. Compare that to the 2nd closest investment into a car manufacturer which is the USA at 30 billion.
Each one of these new 500+ car manufacturers produced cars at a loss. Not because efficiencies. Because of subsidies. In some cases, not even sold at all. https://youtu.be/vplPmxVRcnk
That’s only half the truth though. The main reason why they’re so cheap is because they manufacture everything in the supply chain themselves. Everything. They have their own mines for their resources, they make their own batteries (which they’ve been doing for ages), they make their own electronics, they make their own software etc. They also have a completely different mindset. For them they are rolling electrical devices with some software. They don’t need the knowhow of the traditional car manufacturers. And then they bought the Audi designer along with his entire team to make the cars look good.
Edit: I’m talking about BYD. The rest is pretty much irrelevant.
Yes, there are efficiencies since all the tech is pretty close, but that pales in comparison to the sheer dollars injected into the industries. 231 billion dollars. Compare that to the 2nd closest investment into a car manufacturer which is the USA at 30 billion.
Each one of these new 500+ car manufacturers produced cars at a loss. Not because efficiencies. Because of subsidies. In some cases, not even sold at all. https://youtu.be/vplPmxVRcnk
Here in Taiwan, we get unfiltered China news.