Yes, and it’s poor Americans who need a vehicle to buy groceries and get to work everyday who are getting shafted while the automakers rake in the profits. Not to mention the environmental costs of driving on fossil fuels.
Allowing China to sell these vehicles here at well below cost is only going to shaft poor Americans even further. They’re trying to do what Walmart does to small-town economies.
Chinese EV companies are rather profitable, with BYD making billions of yuan profit last year. On the other hand, Rivian is losing, what was it, just about $40,000 per car?
And that profit is coming straight from the government as there is no way they’re making billions in profit by selling brand new cars for $10k in 2024. There is zero margin there.
They have cars from $10k to $200+k. BYD includes a bunch of brands, including the Yangwang brand which builds the $150k U8 and the $230k U9. Not to mention their busses which are used around the world.
Yes, and it’s poor Americans who need a vehicle to buy groceries and get to work everyday who are getting shafted while the automakers rake in the profits. Not to mention the environmental costs of driving on fossil fuels.
Maybe we should get our politicians to invest in, say, mass transit. Seems pretty obvious
Why would they do that when they get bribes from automakers.
Allowing China to sell these vehicles here at well below cost is only going to shaft poor Americans even further. They’re trying to do what Walmart does to small-town economies.
Chinese EV companies are rather profitable, with BYD making billions of yuan profit last year. On the other hand, Rivian is losing, what was it, just about $40,000 per car?
And that profit is coming straight from the government as there is no way they’re making billions in profit by selling brand new cars for $10k in 2024. There is zero margin there.
They have cars from $10k to $200+k. BYD includes a bunch of brands, including the Yangwang brand which builds the $150k U8 and the $230k U9. Not to mention their busses which are used around the world.
Cool but I don’t see how that’s relevant to the discussion of them trying to sell $10k EVs in the US.
Nobody here is arguing to buy a $230,000 Chinese EV.