Dave5

Shares of Ford Motor Co. fell 11.6% in the extended session Wednesday after the car maker reported quarterly profits well below Wall Street’s expectations and notched another billion-dollar loss on EVs.

https://www.msn.com/en-us/money/companies/ford-saw-a-11-billion-loss-in-its-ev-business-dragging-q2-profit-well-below-wall-street-forecast/ar-BB1qzrGo

This is the thing I don’t get, right. EVs are less complex than ICE vehicles… so why aren’t Western auto makers able to make money on them? The Chinese can.

I suspect it has to do with the control of supply chains … the Chinese now own many many supply chains and, for local manufacturers, they are insanely short¹.

1. A friend has his products made in China. He often tells me that he’s able to shift *component* inventory between factories in hours. ↩︎