Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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Tesla took 10 years to turn a profit and Xiaomi did it in two as YU7 beat Model Y sales (www.notebookcheck.net)

submitted 4 months ago by schizoidman@lemmy.zip to c/electricvehicles@slrpnk.net

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[–] jacksilver@lemmy.world 39 points 4 months ago (4 children)

That seems like an unfair comparison. Tesla played a huge role in creating the consumer EV market and I imagine had to bear the burden of a lot of R&D costs. I'm sure Xiaomi is doing R&D, but they're entering a more mature market with existing supply chains and known paths to success that they can lean on.

[–] halcyoncmdr@lemmy.world 10 points 4 months ago (1 children)

Yeah the company that actually creates a market rarely maintains being the market leader once it matures. They always have too much debt from creating the market to be able to capitalize on it most effectively.

[–] Mihies@programming.dev 11 points 4 months ago

Also a Nazi leader

[–] imetators@lemmy.dbzer0.com 4 points 4 months ago

Checks out. Robo-vacs met the same fate.

[–] SaveTheTuaHawk@lemmy.ca 1 points 4 months ago (1 children)

Also easy to make a quick profit with endless government money.

[–] jacksilver@lemmy.world 2 points 4 months ago

Yeah, looking into things like BYD you can clearly see that China was willing to pump a lot of money into their fledgling EV companies (not that Tesla didn't get money through loans/car subsidies, but seems like a different scale).

[+] 0_o7@lemmy.dbzer0.com -6 points 4 months ago (1 children)

Just because your source of EV market news comes from Tesla doesn't mean it had a "huge role" in creating the consumer EV market. That's just your bubble. If it was so huge, why's US lagging behind in EV adoption?

Fuck off with every mainstream technology being a push by US media rhetoric. There were countries and manufacturers focusing on EVs long before Eulong put an ad out for it for you to see.

[–] jacksilver@lemmy.world 3 points 4 months ago (1 children)

I'm not saying they solely created the market, but they did play a role in making the current EV landscape.

If you just go by sales numbers, I think they had the top selling car from mid 2010s-now. Given the EV market is still growing, I think it's fair to call them a first mover.

For comparison BYD, another long term player and leader in the EV space, took 17 years to turn a profit (if I'm reading their wiki right).

[–] SaveTheTuaHawk@lemmy.ca 1 points 4 months ago* (last edited 4 months ago) (1 children)

BYD has never turned a profit.

[–] jacksilver@lemmy.world 2 points 4 months ago

Hmm, looking more closely at my original source it doesn't really state in clear terms. Looking online it sounds like they're making a net profit in 2025, but I can't find any sources older than that.

[–] Syun@retrolemmy.com 5 points 4 months ago

Source of the whole thing is Xiaomi, so there's that. The company that leads always has the headwinds to overcome, the rest draft along behind. Not too impressive on Xiaomi's part.

[–] resipsaloquitur@lemmy.world 1 points 4 months ago

Oops.

[–] Montreal_Metro@lemmy.ca 1 points 4 months ago

Meh