Rivian CEO RJ Scaringe said everyone's fixation on Chinese automaker's cost is all wrong.

Rivian CEO RJ Scaringe said everyone’s fixation on the cost of China’s EVs is wrong because it’s “that the technology is much better” and “if I were an existing manufacturer, I’d get less hung up on the cost and more focused on ‘the cars are actually better.'”

  • TBi@lemmy.world
    26·
    3 days ago

    China doesn’t bail out companies. It funds new companies to help them get started, but if you fail you fail. You don’t get bailed out.

    • njm1314@lemmy.world
      112·
      2 days ago

      Plus when our companies fail the CEOs get golden parachutes whereas if their companies fail the CEOs might get pushed out of plane without any type of parachute…

      • TBi@lemmy.world
        61·
        2 days ago

        Tackling out of planes is more like Russia. Look at Jack Ma. He’s alive and well. Probably he was smart enough to shut up and take what he was given.