Don’t forget about cheap labor over there, economies of scale with the large Chinese market, and with a very different regulatory environment. The American auto industry has an uphill battle ahead of them.
Not to excuse the lack of innovation here, I personally blame the trend of wealth extraction for executive pay and shareholder returns at the expense of long term thinking and reduced R&D spending.
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Don’t worry they’re too big to fail, they’ll just get more handouts from the government. Like banning Chinese EVa
And remember kids, protectionism is bad (except for when we do it).
I mean its not like Chinese car companies got there without significant help from their government either.
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Oh 100% i agree. And we know where the money went. Just look at how many more billionaires there are these days
Don’t forget about cheap labor over there, economies of scale with the large Chinese market, and with a very different regulatory environment. The American auto industry has an uphill battle ahead of them.
Not to excuse the lack of innovation here, I personally blame the trend of wealth extraction for executive pay and shareholder returns at the expense of long term thinking and reduced R&D spending.
Thays not really true, it’s the automation.
For example
https://www.theenergymix.com/automation-not-cheap-labour-drives-chinas-solar-and-battery-edge-ritchie/