Rivian CEO RJ Scaringe said everyone’s fixation on the cost of China’s EVs is wrong because it’s “that the technology is much better” and “if I were an existing manufacturer, I’d get less hung up on the cost and more focused on ‘the cars are actually better.'”
Just to be clear, the US heavily subsidizes the auto industry as well, it’s just that because we’ve bailed them out so many times the auto industry hasn’t cared to innovate in decades.
Uh huh. So China’s subsidies make them competitive and America’s makes them lazy, I wonder if maybe there might be another problem in this equation.
China doesn’t bail out companies. It funds new companies to help them get started, but if you fail you fail. You don’t get bailed out.
Plus when our companies fail the CEOs get golden parachutes whereas if their companies fail the CEOs might get pushed out of plane without any type of parachute…
Tackling out of planes is more like Russia. Look at Jack Ma. He’s alive and well. Probably he was smart enough to shut up and take what he was given.
Evergrande looking like 👀
Bad management. Just look at Europe. It is in many ways a US colony. Tesla which used the subsidies best, has an insane CEO and the main new product can not be sold in Europe. GM is basically not even competing since selling Vauxhall/Opel. Chrysler has been merged into Stellantis, so taken over by European car makers. Only Ford manages to do somewhat well.
Ford has been supported by government purchases
Which government?
i think its the capitalism and the get rich at any cost mentality, but i digress.