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The US auto industry is in big trouble. China now makes 75 percent of all electric vehicles sold anywhere on earth. US automakers make around 5 percent. (www.nytimes.com)
submitted 2 months ago* (last edited 2 months ago) by to c/mildlyinteresting@lemmy.world
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[–] 1 point 2 months ago (1 child)

Idk, as I said before sounds like everyone Big Mad because China is better at capitalism than the west. We could easily sell vehicles for cheaper costs by producing closer to local markets and making simpler cars. But then the corps wouldn't keep their over inflated stock prices.

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  • [–] 0 points 2 months ago*

    I agree, western automakers could easily lower prices.

    1. Get rid of unions

    2. Lower wages in auto manufacturing AND every industry in the supply chain (mining, etc).

    3. Every country that manufactures cars needs to mine and produce its own materials (may need to create more humans to work these industries)

    The engineers and designers at BYD make less money than assembly line workers in Germany or the US.

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