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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 10 months ago by Lugh to c/futurology

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[–] DdCno1@kbin.social -2 points 10 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 10 months ago (1 children)

They aren't price gouging

I trust u bro

[–] DdCno1@kbin.social 1 points 10 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 10 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 10 months ago

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