Chinese EV companies are rather profitable, with BYD making billions of yuan profit last year. On the other hand, Rivian is losing, what was it, just about $40,000 per car?
And that profit is coming straight from the government as there is no way they’re making billions in profit by selling brand new cars for $10k in 2024. There is zero margin there.
They have cars from $10k to $200+k. BYD includes a bunch of brands, including the Yangwang brand which builds the $150k U8 and the $230k U9. Not to mention their busses which are used around the world.
Chinese EV companies are rather profitable, with BYD making billions of yuan profit last year. On the other hand, Rivian is losing, what was it, just about $40,000 per car?
And that profit is coming straight from the government as there is no way they’re making billions in profit by selling brand new cars for $10k in 2024. There is zero margin there.
They have cars from $10k to $200+k. BYD includes a bunch of brands, including the Yangwang brand which builds the $150k U8 and the $230k U9. Not to mention their busses which are used around the world.
Cool but I don’t see how that’s relevant to the discussion of them trying to sell $10k EVs in the US.
Nobody here is arguing to buy a $230,000 Chinese EV.