this post was submitted on 20 Feb 2024
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110
Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla (finance.yahoo.com)
submitted 8 months ago by [email protected] to c/[email protected]
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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.”

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[–] [email protected] 2 points 8 months ago (1 children)

That's true for every consumer product. The key here is segmentation and (re)positioning.

Today cellphones are the cheapest they have ever been. Still, iPhone was never more expensive.

BYD and cia are not only building a cheaper product, they're also building better ones at their price range.

[–] [email protected] 2 points 8 months ago

iPhones are not better product than other phones though, so building a better product wouldn't matter in that example.

They're building the only ones at that price range because other than Tesla, BYD is the only producer that builds their own batteries.