Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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Sunshine

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Xiaomi loses 900 USD for every car sold in the first quarter (carnewschina.com)

submitted 1 week ago by Sunshine to c/[email protected]

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[–] humanspiral 5 points 1 week ago

Ford reports that its latest loss per EV is $40,000. It used to be $100k. But they don't disclose how much of this is plant depreciation, which US rules allow for aggressive expensing. So for Ford, EV cost reporting is a PR operation to get government/stakeholders to stop it from making EVs.

Xiaomi EVs are very attractive vehicles, and previous loss reported was $6000. It certainly would sell well priced $900 higher, but it looks like volume and marketing will let it achieve profitability soon enough.