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by the_third_wave 868 days ago
An interesting contrast showed up in my RSS feed regarding this subject:

First this HN post: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

A few lines below that: Toyota Refused To Hop On The Electric Vehicle Bandwagon, And It Paid Off Big Time [1]

We'll see where the chips fall but thus far it seems Tesla is one of the few western companies which manages to profitably produce and sell consumer EVs. I suspect Chinese companies like BYD run at a profit as well but it is hard to get access to reliable data. Volkswagen seems to be aiming for 'profit parity for EVs' in 2025 but they seem to have a long way to go [2].

[1] https://dailycaller.com/2024/02/07/toyota-2023-fiscal-year-3...

[2] https://www.reuters.com/business/autos-transportation/volksw...