US automakers ‘headed for obsolescence’ as Chinese EVs grow, analysts say
US automakers ‘headed for obsolescence’ as Chinese EVs grow, analysts say
A new report finds that Chinese manufacturers are launching new electric vehicle models at a furious pace.
Oh no! What a completely avoidable and predicted turn of events from some of the worst corporations to exist in modern history.
If only US automakers didn't squander every bit of global and domestic goodwill they had in the markets over the past several decades. Who would've ever thought that the group of corporations that decided it was cheaper to lobby for racist protectionist policies and gaslight the world against climate change than to R&D affordable, reliable EVs would.... lag behind in EV offerings when demand continued to grow (despite their best efforts)!?
Don't worry, I'm sure the US Govt. will bail them out again. For some reason "General Motors execs need another beach house" seems to be a pretty bipartisan policy.
Check out the documentary made about the GM EV1. They had a viable electric car YEARS ago, yet they abruptly ended the program and destroyed almost all the cars.
AFAIK they still have the engineering chops to start building modest and practical daily drivers instead of unobtainably priced and ludicrously oversized trucks and SUVs. Surrendering most of the marketshare pie to Japan, Korea and China is a choice that US automakers have made.
This is exactly why Honda, Kawasaki, and Suzuki own the motorcycle market and Samsung and LG make all your TVs.
And then they will demand that the government protect them from their own actions.
They keep on building huge ridiculous EV then cry that EV aren't selling.. It is like US Automakers are The Sims
They can't make profitable, affordable EV yet.. They just don't know how to do it.
People are like oh but the Bolt sold well and was affordable. Sure, at a loss, on a platform not designed to scale up and be profitable at high quantities.
So yes they're building big EVs so they don't bankrupt themselves and yes that then gives them a self fulfilling prophecy.
Edit: just to add, they're using the learnings from these bigger, still not profitable EVs to learn how to make profitable EVs.
Chronic myopic short-term greed in the US auto industry. In its' insatiable appetite, it manages to both remain morbidly obese as it shrinks in size.
The moment the Chinese EV plants open in Mexico, it will be game over for USA automakers
The government will pull out every stop to keep the big three afloat. It was tariffs now, but seriously expect them to pull the “national security” card on the telematics system because “it sends data back to China” and they’ll block them as long as they can.
Edit: Called it Story literally came out the next day.
I wouldn't mind an EV without screens and such if Chinese automakers do a malicious compliance car.
They better adapt faster and have the ceos and upper management take pay cuts
Investors better sell legacy american automaker/oil company stocks
And you better vote in the presidential election
Oh I always vote
Not everyone has easy access to slave labor.
USA does. Have you seen the wages here, versus the cost of living? A person could work over 100 hours per week and still not be able to afford food, clothing and shelter. Its wage slavery. Additionally, the Constitution's 13th Amendment explicitly permits forced labor when someone in the notoriously unjust and corrupt legal system decides they want more slaves:
Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.
Yeah another reason why I'm likely leaving the US for good this year. The whole country is an unsalvageable shitshow.
Is there a non-paywall link or summary? I really wish the article summarizing bot would show up here.
Personally I don't want an ev that just bursts into flames.
You sound like my semi-racist MIL who thinks anything coming out of a china is inherently a cheap piece of shit and American made is guaranteed better quality and super safe. The quality of these EV's is comparable to anything american made, American car companies just don't want to lower their markups. There's a reason why the big three (Honda, Toyota, Ford) throw over $10 million a year at politicians via lobbying.
No american cars are dog shit too. Chinese evs go up in flames more than they are letting on. Google Chinese insider.
I've been recently watching the Just Rolled In YouTube channel. It seems like there's plenty of people who simply don't care if their car is a deathtrap.