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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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[–] 22 points 2 months ago (6 children)

Read the interview with the Ford CEO. Who drives a Xiaomi SU7, imported from China and he refuses to give it up.

It is the arrogance of car makers all over the world. No one is matching the innovation of the Chinese car makers. This includes European giants like Volkswagen and BMW who are suffering in China.

http://autofreak.com/vw-bmw-mercedes-china-sales-collapse-q2/

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  • [–] 2 points 2 months ago

    Despite having cases of car makers that receive subsidies handouts from EU countries and then leave anyway to produce in China or elsewhere, Belgium just gave Volkswagen 119 million.
    Let's see how long it lasts.

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  • [–] 1 point 2 months ago (4 children)

    Plus the price is outrageous here. I was reading china has electric cars for like 15k

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  • [–] 2 points 2 months ago* (last edited 2 months ago) (3 children)

    Yes. You can get cheap EV's here for this price, like the BYD seagull. But most standard EV's like a sedan or SUV start more around the 200000 RMB mark or 30.000 US$.

    Like the Xiaomi SU7 that the Ford CEO is driving, is around the US$45.000. But it's an amazing car. There is nothing in the US or Europe that can compare. I personally prefer the Xiaomi YU7.

    Last month I was in Europe and rented an Audi A3 sport, and that didn't even have rear view cameras or GPS!! The newest Maestro (car brand from Huawei), has an espresso machine built in.

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  • [–] 1 point 2 months ago (2 children)

    I’ll have to deep dive into the Xiaomi, thanks for the breakdown

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