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1321 points kwindla | 2 comments | | HN request time: 0.001s | source
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Animats ◴[] No.43801026[source]
The US is falling way behind in electric vehicles. If BYD could sell in the US, the US auto industry would be crushed.[1]

What went wrong is that 1) Tesla never made a low-end vehicle, despite announcements, and 2) all the other US manufacturers treated electric as a premium product, resulting in the overpowered electric Hummer 2 and F-150 pickups with high price tags. The only US electric vehicle with comparable prices in electric and gasoline versions is the Ford Transit.

BYD says that their strategy for now is to dominate in every country that does not have its own auto industry. Worry about the left-behind countries later.

BYD did it by 1) getting lithium-iron batteries to be cheaper, safer, and faster-charging, although heavier than lithium-ion, 2) integrating rear wheels, differential, axle, and motor into an "e-axle" unit that's the entire mechanical part of the power train, and 3) building really big auto plants in China.

Next step is to get solid state batteries into volume production, and build a new factory bigger than San Francisco.

[1] https://en.wikipedia.org/wiki/List_of_BYD_Auto_vehicles

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IceHegel ◴[] No.43801545[source]
I think one of the biggest problems in the United States is the misallocation of ambitious people. The highly educated and ambitious people see finance, government, tech, and corporate executive tracks, as the way to convert their energies into social status.

Even startups these days seem to be a case of too many chiefs, not enough Indians.

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almosthere ◴[] No.43802192[source]
Well the problem is US wants to be the world's managers. And all we cared about is writing messenger apps. Totally missed the boat on building things, like houses, boats, and most of all new weird things we don't even have a concept for.
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1. motorest ◴[] No.43802682[source]
> Well the problem is US wants to be the world's managers.

I think the problem is more nuanced than that. The US was effectively "the world's managers", in the sense that their economic might, entrepreneur culture, and push for globalization resulted in a corporate structure where the ownership and executive levels were US whereas non-critical business domains reflected the local workforce, whether it was the US or not.

This setup worked great while the US dominated the world's economy and influenced their allies and trading partners to actively engage in globalization.

Now that Trump is pushing for isolationism, of course things change.

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2. IceHegel ◴[] No.43805006[source]
I would push on how well GDP measures "economic might".

If I were to tell you a country over five years grew its GDP 5% in 1900, that would mean houses and roads and factories and mines and a whole range of things were built.

In 2020, 5% real GDP growth could be an increase in the value of various services. In fact, you might not need to change the physical world at all to achieve that growth.