The US automaker has weathered a difficult EV transition, announcing US$19.5 billion in charges to overhaul its strategy Read more at The Business Times.
I don’t think they’ll ever let them sell them at those prices in the US. This is actually one of the times where tarrifs are smart economic policy. Both to protect a critical manufacturing capability and also because there is a lot of evidence that Chinas prices arent sustainable longterm (seems like the car industry may be their next evergrande).
You make it sound like the US government has not given Detroit >$100B since 2008.
And America is the land of the free, where Ford and GM and Stellantis are free to make an inexpensive EV.
And that price is fake because the Chinese government is making up the difference between the real price and the price it takes to undercut all the competition. This is how China takes over industries wherever it goes, and once they have control of these industries, the price unsurprisingly shoots up as there is no one left to compete.
It’s the price that make them a game changer.
I don’t think they’ll ever let them sell them at those prices in the US. This is actually one of the times where tarrifs are smart economic policy. Both to protect a critical manufacturing capability and also because there is a lot of evidence that Chinas prices arent sustainable longterm (seems like the car industry may be their next evergrande).
You make it sound like the US government has not given Detroit >$100B since 2008. And America is the land of the free, where Ford and GM and Stellantis are free to make an inexpensive EV.
And that price is fake because the Chinese government is making up the difference between the real price and the price it takes to undercut all the competition. This is how China takes over industries wherever it goes, and once they have control of these industries, the price unsurprisingly shoots up as there is no one left to compete.