Replying to @⁨ThanksObama@sh.itjust.works⁩

It’s not.
Bezos is one of the many investors that provided funding for it at the start, but he has a minority stake in the company.

At one point he had one board representative, but now even that isn’t the case any more.

TechCrunchExclusive: Jeff Bezos rep leaves Slate Auto board | TechCrunchMelinda Lewison's departure raises questions about Bezos' support and involvement with the startup at a time when the Amazon founder is now apparently focused on robotics at his new startup, Project Prometheus.

Replying to @⁨BackgrndNoize@lemmy.world⁩

I agree, trucks aren’t the ideal form, for me or most drivers. However, they are the form that is probably the most versatile. A van, even a minivan, can carry just about as much cargo (with the advantage of being internal), but a truck can even extend beyond its bed. It’s also the most sold vehicle type. If you’re only going to make one vehicle, a truck is probably the ideal one. I hope they make others, but they’re likely trying to keep costs down until they have some product out.

Replying to @⁨PizzaLamp25@lemmy.world⁩

I rent a lot of vehicles for work when traveling, I can’t say I thought “I could see myself owning one of these” or even enjoyed driving Cadillacs, Jeeps, Chevy or Fords. The Jeeps were junk, the transmissions were way out of tune with the engine and the suspension felt like I was in a horse carriage. The Fords all had huge gas tanks, turned like boats, and the computer kept glitching. The Chevy had good performance but felt cheap. I couldn’t figure out why anyone would think a Cadillac was a luxury vehicle, It was like driving a Kia but everything was loose.

Replying to @⁨RIotingPacifist@lemmy.world⁩

Except China has advantages in supply chain integration and way cheaper labor that’s kept artificially low by it’s government playing games with it’s currency exchange rate.

Translation: our workers are paid better, our companies follow relatively strict environmental law (or used to) and our government hasn’t helped spy on other countries’ technology advancements and given it to private industry to beat the other guys.

That’s a pretty steep advantage to China.

Replying to @⁨jf0314@lemmy.world⁩

Your government hasn’t spied on other countries’ technological advancements?

The US government has:

  1. Hired actual nazis,
  2. Systematically attacked other nations to keep them out of the way of their private business,
  3. Attacked and kidnapped the president of Venezuela for oil companies,
  4. Mercilessly beaten down Cuba while many pharma leaders visit and take Cuban medical advancements back home,
  5. And absolutely participated in a huge number of heinous shit I’m not even aware of.

And better pay? I mean, yea, but c’mon. The US is a dystopian nightmare dressed up in juuust enough personal comforts to keep most people from doing anything, and with so much of the country below the poverty line I would hardly call that a win. On the topic of artifical impacts to the cost labour, the governments of the US allow for all kinds of labour and human rights violations which keep people struggling and always playing catch-up.

Environmetal law is a huge nothing. How many people have been poisoned by US chemical companies, like 3M and Dupont, with barely any consequences handed out? The US doesn’t give a fuck about the environment and it never truly has. US-based oil companies release all kinds of highly doctored and misleading reports to try to greenwash their shitty behaviour while laughing behind closed doors(and sometimes out in the open).

I’m not going to say that China is a Utopia, or even decent by many standards, but if you think the US has anything to be proud of you need to sit down and shut up. Fuck the US.

Replying to @⁨sanitation@lemmy.today⁩

Farley talks a good game but has always been full of shit. If he agrees that ford needs to turn around to compete with new technology, he should talk to the CEO about it

Where’s that conviction when you gave up on EVs instead of trying to improve your own technology? Where have their ever been ford EVs that normal people could buy? What about those for employees eager to jump to new technology when you shut down their factories?

And seriously, they’re competitive with Chinese cars in Europe because they resell Geelys (Chinese cars)? What kind of bs is that?

Replying to @⁨LodeMike@lemmy.today⁩

Australia is currently saturated with cheap, shotty Chinese EV and ICE cars. Weird brands I’d never heard of last year.

I suspect many of them will probably pump and dump in 5 years, and exiting the AU market when their shit starts to break down and they become obligated to fix it under robust and well enforced Australian consumer law. If consumer law isn’t nerfed by then.

Replying to @⁨sanitation@lemmy.today⁩

Thank the Lord in heaven! I’d buy a BYD right now if I could.

Let’s take stock for a moment. A freaking Toyota Corolla is pushing $30,000. A Corolla.

A regular F-150 is $60,000+. The average new car sells for around $40,000, and the average monthly payment is close to $1,000.

And guess what? They’re not selling. They’re just too expensive. A Ford Raptor is over $100,000. Over $100,000. Dealerships are flooded with them, and they still aren’t making meaningful deals.

From a purely economic perspective, we need competition from China to force this market back toward affordable vehicles, because there are no genuinely cheap, affordable new cars in this country anymore.

Replying to @⁨OccamsRazer@lemmy.world⁩

That’s a very difficult question to answer.

On one hand, there’s a minimum price at which a product can be sold while still generating enough profit for a company to remain viable, pay its employees, and continue operating.

On the other hand, there’s the American business practice of maximizing every possible fraction of a cent in pursuit of higher quarterly profits. As we all know from game theory, pure min-maxing doesn’t always produce the best long-term outcome. There has to be a balance. Nevertheless, many American companies are driven primarily by maximizing shareholder returns. In doing so, they can end up shooting themselves in the foot, making decisions that inflate short-term financial results while ultimately reducing their long-term profitability.

China, by contrast, has a quasi-socialist market economy under a single-party government. It has invested heavily in developing strategic industries, including electric vehicles. The government sets national priorities and can exert enormous influence over companies. If corporate leadership fails to meet those objectives, it can be replaced far more easily than in Western economies.

In the United States, corporations instead spend enormous sums lobbying politicians to pass laws favorable to their interests. But, as discussed above, relentlessly optimizing for short-term gains doesn’t always produce the best long-term results.

That’s one reason Chinese cars are so inexpensive. Or rather, they’re arguably priced closer to what cars should cost. The real question may be why cars in the United States have become so expensive. Automakers cite rising costs, regulations, technology, and financing practices, but prices seem to ratchet upward far more readily than they ever come back down.

Replying to @⁨sanitation@lemmy.today⁩

I was blown away by this documentary on the Chinese EV industry. Can see why the old companies in the west can’t easily adapt, mostly due to mindset and sunk cost fallacy. Roboticics everywhere and cutthroat competition driving innovation.

Watching  S2026 China’s EV Revolution  in iview https://iview.abc.net.au/show/foreign-correspondent/series/2026/video/NC2604H012S00