I've said this before, people want Tesla's, not EV's
Hello; I recall some months (years) ago how some of the champions using start up costs as an excuse for losses. Guess in the fullness of time we have better information.
Hello; Speaking of champion, haven't heard from them lately.
Hello; I read the link. You hit important highlights and there is even more bad news included.Strike, lack of skill set, wage increase, increased costs.
https://www.cnn.com/2023/09/29/cars/evs-global-automakers?cid=external-feeds_iluminar_yahoo
“It’s unclear whether those investments will pay off. ‘When legacy [carmakers] talk about catching up to Tesla or catching up to the leading Chinese automakers, it’s difficult. They simply don’t have the skillset in-house,‘ UBS analyst Patrick Hummel told journalists on a recent call.”
“If US automakers give in to union demands — which include sizable wage increases and job protection guarantees — ‘the EV strategy would essentially be dead on arrival,‘ Dan Ives, a senior analyst at Wedbush Securities, told CNN.
That’s because the concessions would push up the cost of an average EV by $3,000-$5,000. Passing these cost increases on to consumers would “torpedo” the Big Three’s future business models, he added in a research note.”
“While they need less labor, EVs cost more to build than combustion engine vehicles because the raw materials for batteries are expensive and hard to come by. Refining manufacturing processes and scaling production also take time.”
Yes yes everyone should work for China wages. Let's start with you .Strike, lack of skillset, wage increase, increased costs.
https://www.cnn.com/2023/09/29/cars/evs-global-automakers?cid=external-feeds_iluminar_yahoo
“It’s unclear whether those investments will pay off. ‘When legacy [carmakers] talk about catching up to Tesla or catching up to the leading Chinese automakers, it’s difficult. They simply don’t have the skillset in-house,‘ UBS analyst Patrick Hummel told journalists on a recent call.”
“If US automakers give in to union demands — which include sizable wage increases and job protection guarantees — ‘the EV strategy would essentially be dead on arrival,‘ Dan Ives, a senior analyst at Wedbush Securities, told CNN.
That’s because the concessions would push up the cost of an average EV by $3,000-$5,000. Passing these cost increases on to consumers would “torpedo” the Big Three’s future business models, he added in a research note.”
“While they need less labor, EVs cost more to build than combustion engine vehicles because the raw materials for batteries are expensive and hard to come by. Refining manufacturing processes and scaling production also take time.”
The problem is tesla don't have a model year so every used unit is factored into their sales numbers . So their fudging the numbers .
I think you missed my point, that being that the transition to EV’s by the legacy manufacturers, is becoming more difficult than some originally thought. My post had nothing to do with the merits of the strike, other than vehicles could potentially become more expensive. Apparently you didn’t read the article that I linked, titled The world needs cheap electric cars. That spells trouble for big carmakers
Ev's are cheap to make, the big vehicle makers don't want cheaply priced ones in the market, just like they didn't want mini trucks.
If you have read my previous posts on this this thread, you would understand that you are “preaching to the choir”.
