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Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla (finance.yahoo.com)

submitted 9 months ago by [email protected] to c/[email protected]

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Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla::The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”

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[–] [email protected] 65 points 9 months ago* (last edited 9 months ago)

But most importantly, China is targeting a market that no other EV maker wants to go into first : Reasonably priced EVs.

This guy doesn't care about any of the above. He just doesnt want the EVs he sells to lose their incredibly high margins. If china comes in and swoops up a buyer at 22k then he loses one at 52k.

That's it. These vendors could take the legs out of China in the market by offering comparable cars at comparable prices, but they want all EVs to stay "luxury" instead. That's China's real threat. They are dropping the bottom out of the artificial high priced market with reasonably priced cars.