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Originally Posted by Shazam
Gee who knew knowingly restricting supply would have an effect on sales.
The "legacy" car manufacturers did this to themselves. Screw them all with their tactics the last few years.
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There's certainly some dirty tactics after the pandemic, but the reason they're losing now is they make worse cars that cost more. Full stop.
And yes Fuzz, done of that is lax environmental standards and poor working conditions. But not all of it.
A good chunk though is the Chinese EV companies are miles ahead in R&D, and China has been building factories at a crazy pace since we offshored everything to them. They own the world's best infrastructure building know how. They went from breaking ground in Shanghai in January 2019, to production in October. It took 3 years in Germany just to begin production and still haven't gotten close to peak capacity. China can build a battery factory in the blink of an eye because
that's what they do .
And on the R&D front, BYD has 110,000 engineers and scientists working on pushing the limits of their vehicles. They've spent more than their profits on R&D in 13 of the last 14 years. Toyota spent just 2.8% of their revenue on R&D, and most of that on gas and hydrogen. That ain't it