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

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.”

  • Buffalox@lemmy.worldEnglish
    9·
    10 months ago

    It’s very difficult to compete on price against companies that are heavily subsidized by the government.
    Tesla however also enjoy those subsidies because they manufacture cars for EU in China. So it’s kind of puzzling why Stellantis would think this is a concern for Tesla too, when they are one of the beneficiaries.

    • thatKamGuy@sh.itjust.worksEnglish
      2·
      10 months ago

      Probably because BYD recently overtook Tesla as the world’s largest EV manufacturer.

      If/when that realisation hits Wall Street, Tesla shares are going to take a massive hit.

      • Buffalox@lemmy.worldEnglish
        5·
        10 months ago

        Yes BYD has surpassed Tesla on equal terms, or rather terms that actually benefit Tesla.
        Tesla enjoys massive benefits in both USA selling EV quotas to other makers, and enjoying tax benefits and subsidies on top. In China they enjoy the same benefits of near zero tax, and benefits for selling EVs.
        Tesla is surpassed by BYD now, but that will only get worse if EU regulate Chinese made cars.
        Again I don’t see how the warning against Chinese subsidized cars is relevant to Tesla. Except the warning could be that Tesla will lose even more market share if they lose their double ended benefits in both USA and China, that clearly make them more competitive in EU and globally too.