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- cross-posted to:
- [email protected]
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.'”
The companies are subsidized, not the manufacturing. The manufacturing got off-shored at least two decades ago to increase shareholder value.