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Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers (www.nytimes.com)

submitted 3 days ago* (last edited 2 days ago) by [email protected] to c/[email protected]

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[–] [email protected] 8 points 3 days ago (4 children)

Brazil shuts BYD factory site over 'slavery' conditions

From 2016 and still true today:

Chinese Government Subsidies Play Major Part In Electric Car Maker BYD's Rise

Yeah, subsidies and other benefits from governments exist but China is going all in.

[–] [email protected] 4 points 3 days ago (3 children)

My only point of confusion is that a 20k loss on every car is insane. I'm guessing its a bit of BYD is subsidised somewhat, and everyone else is price gouging somewhat. No idea the ratio.

Also odd that other Chinese brands (really only tried MG) dont seem to have the same high quality, high pricing that suggests the same level of crazy subsidies.

Honestly, there is just so much fuckery going I just have no idea what is what.

[–] [email protected] 3 points 2 days ago (2 children)

Rivian is losing about $30k per vehicle, but with much lower production numbers.

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

Thats crazy. Are those public numbers from rivian?

[–] [email protected] 3 points 2 days ago

Rivian’s financial statements provide insight into its per-unit losses, though calculating an exact figure requires analyzing multiple variables. The company’s cost of goods sold (COGS), which includes direct production expenses, regularly exceeds revenue, leading to negative gross margins. According to its latest SEC filings, Rivian reported a gross loss per vehicle of approximately $39,000 in 2023, though this figure fluctuates based on production volume and operational efficiencies.

Not exactly a number they put in a press release, but as a publicly traded company it is published quarterly.