this post was submitted on 05 Sep 2023
97 points (95.3% liked)

Technology

59440 readers
5561 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
97
Europe's carmakers fret over China's EV prowess at Munich car show (www.reuters.com)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
26 comments fedilink hide all child comments
 

Main points (to make up for the clickbaity title):

Challenge to bring down European EV manufacturing costs

Lower costs to close price gap with China EVs

China EV sales account for 8% of European total through July

Renault's R5 EV to be 25%-30% cheaper than Scenic/Megane

MUNICH, Sept 4 (Reuters) - Europe's carmakers have a fight on their hands to produce lower-cost electric vehicles (EVs) and erase China's lead in developing cheaper, more consumer-friendly models, executives said at Munich's IAA mobility show.

"We have to close the gap on costs with some Chinese players that started on EVs a generation earlier," Renault (RENA.PA) CEO Luca de Meo told Reuters at the car show, adding when manufacturing costs decline, prices will also go down.

...continues

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 18 points 1 year ago (2 children)

The real base markets are the second hands/occasions. Don’t let the bmw ceo fool you.

[–] [email protected] 4 points 1 year ago

The sh market in my area was made completely crazy by the supply chain issues over the past few years. When I looked into it at the end of 2022, ah cars of 3-4 years were more expensive than the new ones. I could afford to wait 10 months for a new car so that's what I went with, but had I needed a car quickly, I'd have had to part with serious cash.

[–] [email protected] 2 points 1 year ago

It is, but that's harder if you don't want to throw co2 out the back end