2 ms·
Lower pay (but relatively more employees), integrated development and manufacture (they don't subcontract parts like many western and possibly japanese mfgs do)
by tpm 4mo ago
Lower 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/