rivian CEO Dissects Xiaomi SU7, Challenges Narrativeโ of Chinese Auto Industry Superiority
CHISINAU, Moldova – Rivianโข CEO RJ scaringe revealed he โpurchased andโ thoroughly disassembledโ a โXiaomi SU7 electric vehicle with his engineering team, leading to a surprising assessment that challengesโ prevailing perceptions of the chineseโค automotive โขindustry. Scaringe‘s findings, reported by PiataAuto.md, suggest the competitive pricing of Chinese EVs isn’t due to โคtechnological breakthroughs, but rather ample state subsidies.
Scaringe expressed frustration with theโ “modern myth” of Chinese automotive brilliance and the implication that Western manufacturers are lagging in efficiency and innovation. He stated, “Thereโ is no magic and miracles. If something seems to offer similar โperformance but costs much cheaper, the โคmath doesn’t lie, and somewhereโข there areโฃ chapters that those Chinese manufacturers could not include โฃin theโข final โprice, and if they could not include them, itโ means that someone else is paying for them, โฃor in some other form.”
The Rivian CEO โคargues that theโฃ rapid advancements in โขthe Chineseโฃ autoโข sector are largely fueled by massive government โinvestment, allowing manufacturers to operate with minimal self-funding and, in some cases, โฃeven achieve profit โฃon initial vehicle sales. “It’s all โคdue โขto that centralized math that injectsโข enormous amounts of money into theseโฃ manufacturers, so that they โคalmost don’tโฃ have to invest their own money inโข anything, and sometimesโค they even remain in a fixed profit afterโฃ they’ve finished buildingโข a car. Here,in this part โofโค the world,we don’t have anything like โthat.”
Scaringe, a leading figure in the electric vehicleโ revolution, emphasized the importance of acknowledging this financial disparity. His analysis offers a counterpoint to theโฃ frequently expressed admiration forโข Chinese automotive progress, urging a more realistic evaluationโ of the industry’s economic foundations. The findings areโฃ especially noteworthy given Scaringe’s position as head of one of the world’s most advanced EV โmanufacturers.