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this post was submitted on 14 Aug 2024
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chapotraphouse
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I saw this CNBC video on the Chinese EV industry and it showed how BYD has a fully vertically integrated production model and that’s how it can undercut the competition on price and quality. The report also said that BYD got $3.7b in subsidies between 2018-2022 almost as if US automakers including Tesla don’t get any subsidies.
US automakers get a ton of subsidies, they just do shit like raising dividends, or in the case of Musk 56 billion dollar pay packages