1y ago

Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla

finance.yahoo.com

Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Elon Musk’s 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.”

52 comments

Capitalists suddenly stop loving the free market when it hurts their profits
- The 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.
  
  so like tesla?
  
  Well 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.
  
  Capitalists suddenly stop loving corporate welfare when they aren't the ones benefitting from it.
  
  Isn’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.
  
  How many billions did this not founding member of Tesla did he get from government again?
- Communists have it so much better, look at N.K., they're hanging in there good
- Be ready for be down voted for say that (it's true too)
Elon Musk is the biggest risk to Tesla and the reason it's going to fail.
No 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.
- But 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.
- Sounds like your standard USA corporation
  
  Yeah but China bad
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.
My 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.
Cry me a river.
- Read 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.
Last time I checked BYD prices, they were not cheaper than other EVs.
What am I missing?
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.
Free market wen china : >:(
- I hear you, but this is Lemmy, we're all supposed to be CCP shills and think free markets are the worst thing ever.
  
  Tesla luv those subsidies
I wanna say just compete better, but the only way to do that is lower employee wages and reduce regulations.
- What about building a better product?
  
  Because the competition is on price, EVs need to compete with cheaper ICE cars.
- How about not taking millions as CEO compensation instead of reducing employee wages? Oh no, they need another yacht.
- Lowering wages and reducing regulations is not required to compete
  It is if your competition is a nation that treats its workers like even bigger garbage than western companies do. They cannot go lower than China can.
- Tariffs work as well. But then we'd have to start manufacturing stuff for ourselves rather than getting other countries to do it.

52 comments