this post was submitted on 13 Jan 2024
137 points (87.4% liked)
Technology
59666 readers
3045 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
"EV winter" is a silly framing. Many Chinese EV companies are on a roll, with BYD just surpassing Tesla in EV shipments in the last quarter. EVs are now mainstream in China and the car markets in other countries won't be far behind. Obviously, Tesla faces more challenges from the fact that it no longer has the market to itself, but competition is a good thing.
I had the same thought. I always wonder if these types of articles are written with the purpose of sowing negative feelings towards EV in order to maintain the fossil fuel status quo.
EVs are here to stay. Tesla's valuation drop has nothing to do with consumer appetite for EV and everything to do with the fact that they're overpriced, poor build quality, questionable design and engineering decisions, and the abyssal oversold failure of full autonomous driving.
In addition it’s not a stable, safe choice anymore because of the volatility of leadership. Musk’s increasing erratic behavior does not inspire confidence that Tesla will continue to be the darling it once was.
Lol yeah, i laughed when i read "EV winter", no it's not, it's just Tesla having a bad day with their terrible build tech on wheel, while BYD, Greatwall, Geely, and many many other automaker from europe is catching up, with BYD surpassing them.
BYD has rode Teslas coattails for years. EVs in China didn’t take off until Tesla built a Gigafactory to supply their batteries.
The Chinese car market is dead right now, BYD and other EV makers are dumping their EVs on the global market at a steep discount (Subsidized hmmm by the state) to stay afloat. They’ve targeted their higher end EV products on the EU market because they don’t have protections in place like the US. The EU is going to stop this and well see their numbers drop.
BYD doesn't rely on Tesla to supply their batteries. It's the other way round: BYD started out as a battery company, and Tesla relies on their batteries in Shanghai, Germany, and other factories. Tesla originally used batteries from CATL, another Chinese company, but started switching to BYD a few years ago.