Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla::The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”
I wanna say just compete better, but the only way to do that is lower employee wages and reduce regulations.
Lowering wages and reducing regulations is not required to compete
It is if your competition is a nation that treats its workers like even bigger garbage than western companies do. They cannot go lower than China can.
Because the competition is on price, EVs need to compete with cheaper ICE cars.
It’s very difficult to compete on price against companies that are heavily subsidized by the government.
Tesla however also enjoy those subsidies because they manufacture cars for EU in China. So it’s kind of puzzling why Stellantis would think this is a concern for Tesla too, when they are one of the beneficiaries.
It’s not an apple with apple comparison though. People are willing to pay a higher price for EV when factoring in reduced maintenance costs, charging and ?? environmental benefit.
That’s true for every consumer product. The key here is segmentation and (re)positioning.
Today cellphones are the cheapest they have ever been. Still, iPhone was never more expensive.
BYD and cia are not only building a cheaper product, they’re also building better ones at their price range.
