And, a recent tour of one of the Asian powerhouse’s vehicle plants has proved this beyond a shadow of a doubt, at least to Honda President and CEO Toshihiro Mibe.
“We have no chance against this,” Mibe said upon a visit to a Shanghai parts factory, commenting on its seamless automation across all levels of production. Logistics, procurement and all aspects of the process were so automated, in fact, that he did not spot a single human worker on the supplier’s floor.
Ford executives saying even three years ago that China was way ahead of the game
Toyota’s CEO has likewise said regarding not just his company, but the industry in general, “unless things change, we will not survive”
I don’t think that’s why they are too expensive.
China is pumping out nice cars for like 15k and I guarantee you it has all sorts of data mining. China could probably make one of those Slate things for like $5k.
They all have data mining, regardless of country. China subsidises EVs even when they’re sold abroad, to kill the competition. Of course most legacy manufacturers have also lost the plot when it comes to affordability. To make matters worse, many of them also have to deal with expensive union labour. Chinese labour is still much cheaper.
That’s dumb.
No, Chinese EVs are not $15K in export markets, they are over $25K.