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Could be, and I wouldn't doubt that Chinese automakers will one day dominate the EV market, but not with these designs. They still have a ways to go
I think the only way we are all not driving Chinese EVs if the government limits imports from China to protect GM, Ford and Tesla - otherwise they will take over.
Look how quickly Hyundai/Kia went from a laughing stock to having significant market share.
We buy everything else that’s made in China, I don’t see why cars are any different. People only care about value for the money, design is not important to general public.
I think the only way we are all not driving Chinese EVs if the government limits imports from China to protect GM, Ford and Tesla - otherwise they will take over.
Look how quickly Hyundai/Kia went from a laughing stock to having significant market share.
We buy everything else that’s made in China, I don’t see why cars are any different. People only care about value for the money, design is not important to general public.
There is a difference between "made in China" and something being a Chinese product. iphone is made in China, but it's not a Chinese product. If you buy an actual Chinese product made by a Chinese company, chances are it's junk. All of those products we buy like iphones, fridges etc that are made in China have to go through rigorous quality, while products made by Chinese companies are generally junk.
It took Hyundai decades to establish itself as a viable automobile company. In the 80's through the 90's only those who were desperate bought a Hyundai. I'm sure one day Chinese car companies will eventually breach the north American market, but I think that's a long way off. Currently in the middle east where I spent a few weeks earlier in the year, not one Chinese car. Plenty of Japanese, Korean and European cars, but I'm sure that will change as well with the deals they are making in that part of the globe
FYI these are BYD's prices in Europe, including that Han. When they don't have the heavy subsidies from their home market, suddenly they aren't that cheap anymore.
This idea that the Chinese will flood the world with cheap EV's is unfounded because that only applies to their home market, where they are heavily subsidized, and right now fighting for their lives in a highly oversaturated market as Tesla keeps cutting prices.
FYI these are BYD's prices in Europe, including that Han. When they don't have the heavy subsidies from their home market, suddenly they aren't that cheap anymore.
This idea that the Chinese will flood the world with cheap EV's is unfounded because that only applies to their home market, where they are heavily subsidized, and right now fighting for their lives in a highly oversaturated market as Tesla keeps cutting prices.
The reason I don't think china owned brands will do well here is because they have not had a good reputation in the past for parts availability or technical support.
If they are sold thru dealers that may help but in general, I'm thinking Alibaba aka weak support and help.
From what I hear, the china scooters that flooded the market are near impossible to get replacement parts for so I guess I'm skeptical for any success here but just a wild guess.
See the link ST430 posted, EBIT margin -102%. Ford is losing $700 billion/quarter selling EVs.
Can someone explain contribution margin break-even status sounds like a BS way to make losses look better.
The overall margin of -102% includes fixed and administrative costs, in addition to variable costs. These are primarily up-front costs that are required regardless of the number of units produced. When split over a small number of units, this makes for a pretty ugly figure. As volume increase, the fixed cost margin improves with each additional unit, because the denominator is getting larger.
Contribution margin is just about variable costs--the costs that accrue for each additional unit that is produced. What they're saying is that on a cost of goods sold perspective, they're currently losing a little money per unit, but they expect that to reach breakeven later this year, and eventually become net positive. When it DOES become positive, then the excess profit goes towards paying down the initial fixed costs.
Another EV that looks like it's gaining popularity is the BMW i4. I ran into several of them on my trip last week to SoCal, and talked to one of the owners at a Fast charger. He told me he's leased a number of BMW's over the years (M3, M5 etc) and also owns a Tesla. He said by far this is the best BMW he's owned/leased. This particular model was the M50, and he said it does 0 to 60 in like 3.3 seconds. He got it just under $70K, which is really not bad!
Sometime this week I will be meeting up with one of my friends who got the eDrive40, which he got under $60K. I'll do a review on it once I get my hands on it! My friend also told me that these are really gaining popularity and he's seeing them filling up the Meta parking lot where he works
I have no interest in a Lucid, but why not take a closer look?