this post was submitted on 16 Jul 2024
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Electric Vehicles
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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.
yup there will be a Kodak moment when BYD starts their Mexican factory
I have a feeling that might get delayed via US pressure... but that's only going to buy them a little more time to figure their shit out.