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China’s EV makers are taking over the European factories Ford and Nissan can’t fill
(restofworld.org)
this post was submitted on 02 Jul 2026
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Electric Vehicles
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Xpeng is building in Austria in plants that used to make AUDI.
Legacy automakers chose to kill electrics in the 90s, and then when they came back, they sold price gouging EVs with insane profit margins.
There are no reasons why EVs should not be cheaper than ICE, other than higher priced cars make more money. They painted themselves into a corner, addicted to lockdown era price gouging, ignoring a huge market of low cost vehicles and designing ICE cars with pointless complexity and designed to fail.
If China didn't do it, someone else would have, the market was ripe for perturbation....exactly like the time a German company started selling a cheap, small car to most of the world in the 60s and sold 23 million of them, when the alternatives were expensive bloated unreliable cars.
Well regards to that, Magna Steyer is contract maker. So Xpeng is made in plant that has made previous very very many different marks.
Magna Steyer will make any car to any maker as long as maker has deep enough pockets. They also drop thay customer the hot second the check doesn't clear anymore.