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submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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.”

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[-] Deceptichum@sh.itjust.works -3 points 8 months ago

I wanna say just compete better, but the only way to do that is lower employee wages and reduce regulations.

[-] Zrybew@lemmy.world 12 points 8 months ago

What about building a better product?

[-] Deceptichum@sh.itjust.works 3 points 8 months ago

Because the competition is on price, EVs need to compete with cheaper ICE cars.

[-] Buffalox@lemmy.world 9 points 8 months ago

It's very difficult to compete on price against companies that are heavily subsidized by the government.
Tesla however also enjoy those subsidies because they manufacture cars for EU in China. So it's kind of puzzling why Stellantis would think this is a concern for Tesla too, when they are one of the beneficiaries.

[-] thatKamGuy@sh.itjust.works 2 points 8 months ago

Probably because BYD recently overtook Tesla as the world’s largest EV manufacturer.

If/when that realisation hits Wall Street, Tesla shares are going to take a massive hit.

[-] Buffalox@lemmy.world 5 points 8 months ago

Yes BYD has surpassed Tesla on equal terms, or rather terms that actually benefit Tesla.
Tesla enjoys massive benefits in both USA selling EV quotas to other makers, and enjoying tax benefits and subsidies on top. In China they enjoy the same benefits of near zero tax, and benefits for selling EVs.
Tesla is surpassed by BYD now, but that will only get worse if EU regulate Chinese made cars.
Again I don't see how the warning against Chinese subsidized cars is relevant to Tesla. Except the warning could be that Tesla will lose even more market share if they lose their double ended benefits in both USA and China, that clearly make them more competitive in EU and globally too.

[-] Zrybew@lemmy.world 2 points 8 months ago

That's true for every consumer product. The key here is segmentation and (re)positioning.

Today cellphones are the cheapest they have ever been. Still, iPhone was never more expensive.

BYD and cia are not only building a cheaper product, they're also building better ones at their price range.

[-] Deceptichum@sh.itjust.works 2 points 8 months ago

iPhones are not better product than other phones though, so building a better product wouldn't matter in that example.

They're building the only ones at that price range because other than Tesla, BYD is the only producer that builds their own batteries.

[-] Suspiciousbrowsing@kbin.melroy.org 1 points 8 months ago

It's not an apple with apple comparison though. People are willing to pay a higher price for EV when factoring in reduced maintenance costs, charging and ?? environmental benefit.

[-] Deceptichum@sh.itjust.works 6 points 8 months ago* (last edited 8 months ago)

Wealth inequality is growing worldwide, many of us cannot afford higher priced products when it comes to large purchases like cars and that's not going to change anytime soon.

A phone as a luxury good, yeah it's expensive but do-able. A non-cheap EV is like 10x the price of a phone however.

[-] Suspiciousbrowsing@kbin.melroy.org 2 points 8 months ago

Eh, I wouldn't classify a phone as a luxury good. Id also say a non-cheap EV is more like 50-60 times a phone. But there's definitely a gap in society for those that can buy new cars, let alone new EVs

[-] HauntingScience@programming.dev 6 points 8 months ago

How about not taking millions as CEO compensation instead of reducing employee wages? Oh no, they need another yacht.

[-] bionicjoey@lemmy.ca 2 points 8 months ago

Tariffs work as well. But then we'd have to start manufacturing stuff for ourselves rather than getting other countries to do it.

this post was submitted on 20 Feb 2024
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