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“Corolla killer:” BYD launches $US15,000 sedan EV with 420 km range in direct attack on legacy makers (thedriven.io)

submitted 9 months ago by Lugh to c/futurology

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[–] DdCno1@kbin.social -2 points 9 months ago (1 children)

They aren't price gouging, they have to pay actual living wages, have higher energy costs (China uses almost entirely cheap coal) and can't as easily use slave labor as Chinese automakers.

[–] sadreality@kbin.social 5 points 9 months ago (1 children)

They aren't price gouging

I trust u bro

[–] DdCno1@kbin.social 1 points 9 months ago (1 children)

GM has negative margins on EVs:

https://apnews.com/article/general-motors-path-to-electric-vehicle-profitability-bba3a9cbbd2aad0953cbc113e53d041c

As does Ford:

https://techcrunch.com/2023/03/23/ford-expects-ev-business-unit-to-lose-3b-this-year-hit-profitability-in-2026/?guccounter=1

This takes seconds to research.

[–] sadreality@kbin.social 4 points 9 months ago (1 children)

yeah they are pricing gouging on trucks and SUVs while designing shiti products that's expensive/hard to repair.

also tesla seems to be doing fine. GM should git gud.

[–] DdCno1@kbin.social 1 points 9 months ago

If you think the repairability of American cars is bad, you're in for a rough awakening with Chinese cars.