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Clearly the market disagrees with you. I’ve never heard of neo or xpeng and GM has a long history of manufacturing vehicles to North American safety standards.
by liketochill 5y ago
Clearly the market disagrees with you. I’ve never heard of neo or xpeng and GM has a long history of manufacturing vehicles to North American safety standards. Whatever neo or xpeng do is GM incapable of hiring some engineers (they might already have some) to copy it and then build it in their existing factories?
- onethought 5y agoNo, GM are incapable of doing it. For a whole bunch of reasons: - ICE factories can't just be switched to be EV factories, so having an existing ICE factory is a burden not a benefit. - They don't have capacity to build batteries - Even if they did, they don't have the raw materials - Even if they did, they don't have the raw materials processing capacity - Even if they did start securing the capacity now i.e. Building Lithium mines, battery factories, EV car factories etc. By the time they come online... GM will have run out of money, because no one will be buying their cars anymore, but they'll still be paying for ICE factories/workforce/etc. Xpeng and Neo are kind of Tesla clones, but they have home ground advantage in that they are Chinese based which is where the majority of the EV market is right now, it's also where all the battery supply is. You haven't heard of them, because they haven't entered the US market yet.
- liketochill 5y agoSo GE is doomed because their strategy is to buy battery cells instead of manufacturing them themselves? There are a lot more parts in a vehicle than the cells.
- onethought 5y agoThere aren’t any cells to buy. And no, there is no way to make an EV without a battery. GM don’t have a strategy, it’s clear they are just hoping for a miracle. Hence: Penny stock. The market agrees with me (look at the growth rate of EV sales globally). The stock market disagrees with me… but it’s clearly irrational… again look at the growth rate of EVs.