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bgarbiak | 2 months ago

Europe doesn’t need new entrants. They got legacy automakers that are no worse at making EVs than Chinese and American startups.

The problem is: they can’t make them cheap enough to compete with China in developing countries. I’m not sure if they even want to do that at this point, the margins there are so low. It’s easier to just rebadge a Chinese car as your own (Renault and GM already do that in SA).

discuss

JumpCrisscross|2 months ago

> Europe doesn’t need new entrants. They got legacy automakers that are no worse at making EVs than Chinese and American startups

Innovator's dilemma. It's not a coincidence that the two largest EV makers in the world are battery natives [1], and that they outproduce Nos. 3 (Geely), 4 (GM) and 5 (VW) combined.

[1] https://www.fool.com/research/largest-ev-companies/

nicoburns|2 months ago

I wonder if that will change this year. A lot of the legacy car makers only launched their first "flagship" EV models in 2025.