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A few Chinese companies build both batteries and cars faster and more cost effectively than anyone else including Tesla though.
by tpm 4mo ago
A few Chinese companies build both batteries and cars faster and more cost effectively than anyone else including Tesla though.
- zulux 4mo agosomething is going on with those Chinese companies if the equivalent Toyota costs twice as much to produce. It could be close-to-free labor, subsidies, or a myriad other things... but it's something.
- tpm 4mo agoLower pay (but relatively more employees), integrated development and manufacture (they don't subcontract parts like many western and possibly japanese mfgs do), support by regional govs etc., they also don't pay licenses to licensing orgs and bit by bit all of this accumulates. Also huge competition leading to relentless cost cutting. Some links: https://x.com/maxiaoalex/status/2062910018840854722 https://x.com/maxiaoalex/status/2062910018840854722 But mostly this one: https://rhg.com/research/why-are-chinese-evs-so-cheap/ https://rhg.com/research/why-are-chinese-evs-so-cheap/