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Its ridiculous for western governments to make the argument China subsidizes EVs, hence tariffs. BYD's exports sell for twice the China price[1]. Legacy US/Euro
by thelastgallon 2y ago
Its ridiculous for western governments to make the argument China subsidizes EVs, hence tariffs. BYD's exports sell for twice the China price[1]. Legacy US/European car manufacturers are simply uncompetitive, living on govt protection, welfare and bailouts. Ford loses 100K on every EV[2], BYD makes cars dirt cheap and is profitable in China, insanely profitable when it exports. China lets car companies compete and evolve, with the understanding that a lot will fail, but the best ones survive.
[1] https://www.reuters.com/business/autos-transportation/why-byds-ev-exports-sell-twice-china-price-2024-04-26/ https://www.reuters.com/business/autos-transportation/why-by..., [1] Paywalled: https://archive.is/xrvWI https://archive.is/xrvWI
[2] https://insideevs.com/news/719453/ford-ev-losses-q1-2024-battery-orders-cut/ https://insideevs.com/news/719453/ford-ev-losses-q1-2024-bat...
- WarOnPrivacy 2y ago> Ford loses 100K on every EV... ...when it includes all the startup expenses needed for a new type of vehicle https://www.bloomberg.com/opinion/articles/2024-05-11/us-carmakers-are-stifled-by-tariffs-and-timidity https://www.bloomberg.com/opinion/articles/2024-05-11/us-car...
- asadotzler 2y agoBYD has received USD3.7B from the CCCP total. Tesla's received twice that in US and California subsidies for its factories and cars.