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I remember reading a few months (?) ago that China was looking to consolidate the electric vehicle industry because the government incentives led to 500+ manufa
by dhruvrrp 7y ago
I remember reading a few months (?) ago that China was looking to consolidate the electric vehicle industry because the government incentives led to 500+ manufacturers who like to "move-fast and break things" and caused problems like vehicle fires.
imo that would mean a lot of these towns wouldn't be in business for very long.
Edit: found the discussion https://news.ycombinator.com/item?id=19617681 https://news.ycombinator.com/item?id=19617681
- panpanna 7y agoYeah, but if only 1% of those 500 survive and if 10% of those 500 companies ever came up with a good idea or design, China is set for world domination. (Tesla was on front page the other day for burning cars, so move fast and break things is a thing here too)
- moduspol 7y agoFortunately our legacy automakers have solved that problem. I haven't seen a story on HN about any of them catching on fire. https://www.nfpa.org/News-and-Research/Data-research-and-tools/ARCHIVED/Fire-statistics/Vehicle-fires/Highway-vehicle-fires https://www.nfpa.org/News-and-Research/Data-research-and-too...
- xbmcuser 7y agoNo they haven't you have thousands of vehicle fires a year it is not just news like a Tesla fire is.
- seanmcdirmid 7y agoThere was also lots of subsidy fraud, where low value manufacturers would crank out what we’re basically golf carts and then indirectly collect part of the subsidy via a process similar to money laundering.
- baybal2 7y agoI do remember years of "the solar boom," when just having word solar in company name enough to secure an effectively unconditional $3m grant.