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Volkswagen may shut German car plants due to impact of Chinese EVs (thedriven.io)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 weeks ago

Take that Putler!

[–] [email protected] 0 points 2 weeks ago

VW have been putting billions in China in various investments and joint ventures

[–] [email protected] 0 points 2 weeks ago (1 children)

Really, nothing to do with the massive emissions testing fraud and associated legal costs?

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

I would say that is largely irrelevant. Chinese EVs are so much cheaper there is no way Western producers can compete with them barring tariffs. In a level playing field Chinese companies will completely push out the Western ones in low- and mid-range market. For luxury vehicles maybe the brand recognition can save them but in a tight economy cheaper cars will attract a lot of attention.

[–] [email protected] 1 points 2 weeks ago

If only they'd had years to see this coming and multiple people warning them that their EV offerings were absurdly overpriced compared to what China and Tesla were capable of producing...

[–] [email protected] 1 points 2 weeks ago

Yep tuis is the history of cars.

The UK was the leader in the 50s. Changed to US cars in the 70s. Due to better (more reliable) byild quality and cheaper build standards. Then to japan again more reliable and cheaper.

China is on cheaper and reliability is catching up. Given priority changes and tech changes. Its ti be wxpected.