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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 5 comments | 29 Jun 25 15:59 UTC | HN request time: 0s | source
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1970-01-01 ◴[30 Jun 25 12:10 UTC] No.44422276[source]▶
Completely unmentioned: Chinese EVs are $10k worldwide except USA.

https://gmauthority.com/blog/2024/08/2025-byd-seagull-ev-sta...

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infecto ◴[30 Jun 25 12:23 UTC] No.44422395[source]▶
Completely untrue. Maybe in China or SEA but not for the rest of the world.

Chinese manufacturers have come a long way and I wish I could buy one in the US but they are also pricing at razor thin margins to starve out competition.

Even in Vietnam the Dolphin is $25k

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immibis ◴[30 Jun 25 12:26 UTC] No.44422417[source]▶
That's just competition doing its job. The rate of profit, just like every other price, is supposed to fall to the minimum sustsinable level in capitalism.
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mattmaroon ◴[30 Jun 25 12:34 UTC] No.44422484[source]▶
But it’s well below the minimum sustainable level due to Chinese government subsidies.
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NickC25 ◴[30 Jun 25 12:58 UTC] No.44422737[source]▶
And that's a bad thing?

A country's government sees an opportunity to invest into a promising new technology that could reap tremendous economic benefits. Such benefits include new jobs, new income, the ability to increase social/political capital worldwide, and help usher in a world that is that much less reliant on oil.

That's what countries in the first world are supposed to do.

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mattmaroon ◴[30 Jun 25 14:35 UTC] No.44423872[source]▶
Well, it’s a bad thing for countries whose economies include manufacturing and aren’t China, sure. The obvious threat is that they will do what they did with manufacturing capacity and just kill the industry in other places.

Do we want to get to a point where every industry is completely run by whichever country is willing to throw the most money at it?

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1. NickC25 ◴[30 Jun 25 15:35 UTC] No.44424581[source]▶
>Do we want to get to a point where every industry is completely run by whichever country is willing to throw the most money at it?

The whole point of specialization of industry is that yes, we absolutely should be OK with that. If that's where China wants to specialize and deploy resources, let them.

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2. mattmaroon ◴[30 Jun 25 15:40 UTC] No.44424630[source]▶
Yeah, that’s the sort of thinking that gutted in the middle class in the western world over the last 40 years. And it also presupposes that once they succeed, they won’t then stop it, let prices increase, and move onto the next one until they own it all.
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3. NickC25 ◴[30 Jun 25 16:00 UTC] No.44424825[source]▶
I'm not saying it's a good or a bad thing, and I completely understand the long-term ramifications. I've quite literally done biz with the CCP.

However, we've chased cost-cutting measure after cost-cutting measure in order to please the shareholder class at the expense of the working class, and this is the result. We shouldn't be surprised.

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4. mattmaroon ◴[30 Jun 25 17:40 UTC] No.44425957{3}[source]▶
No, you asked if it was a bad thing and I explained why yes, it is very much a bad thing for some people. Allowing it to continue will cost a lot of people good jobs here.
5. immibis ◴[01 Jul 25 07:53 UTC] No.44431620[source]▶
And we've been completely okay with that, as long as it's not the Chinese government doing it. Jeffrey can do it, Elon can do it, Warren can do it, George/Barack/Donald/Joseph/Donald can do it, but woe betide us if Xi does it!