this post was submitted on 16 Jul 2024
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Electric Vehicles

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[–] NotMyOldRedditName@lemmy.world 1 points 3 months ago* (last edited 3 months ago) (1 children)

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.

[–] buzz86us@lemmy.world 1 points 3 months ago (1 children)

yup there will be a Kodak moment when BYD starts their Mexican factory

[–] NotMyOldRedditName@lemmy.world 1 points 3 months ago

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.