I just don’t understand how the Chinese are making cars at half the price or more since afaik they also manufacture them in China and ship rather than build locally.
I just don’t understand how the Chinese are making cars at half the price or more since afaik they also manufacture them in China and ship rather than build locally.
Same. Major German car company I used to work for was so incompetent, slow and inefficient that it was inevitable they'd get shown off by Chinese cars, since Tesla did it before so it was a matter of time.
Apparently a Tesla model 3 has about 10-15 hours of human labor in it, so higher wages can't even begin to explain the price difference.
Well Tesla want to turn a nice profit.
Chinese EVs are sold on thin margins to capture marketshare.
Switzerland is a small country but has some of the most advanced manufacturing in the world.
S. can have all the 'advanced manufacturing' in the world but there is only ~250k new car sales a year. Compare to 34M in China it's 250k+ sales a month.
Some things don't scale.
"“Quality is more important than quantity. One home run is much better than two doubles.” — Steve Jobs
Yes. It's also differs on a bazillion of other things with China.
The size of the market is directly related to the population size.