Re:With the 745-Mile Solid-State Battery, Toyota Just Became...
by epolanski on Sunday July 23, 2023 @02:55PM
(#36838470)
Investing in electric engines is still much cheaper than investing in combustion engines.
As a reference, R&D for Mercedes' 2017+ OM654 diesel engine alone costed the company 3.5 B $. And that amount is relatively low because Mercedes had a huge know how in building diesel engines.
But in EV those amounts are much smaller, catching up is no longer a matter of decades and hundreds of billions, but years and ten times smaller investments (see Korea).
This is why China was never competitive in the ICE era, but companies like BYD are booming.
Also, I strongly believe that from now to 2035 multiple companies will be selling their electric powertrains to dozens of different automakers.
As a reference, R&D for Mercedes' 2017+ OM654 diesel engine alone costed the company 3.5 B $. And that amount is relatively low because Mercedes had a huge know how in building diesel engines.
But in EV those amounts are much smaller, catching up is no longer a matter of decades and hundreds of billions, but years and ten times smaller investments (see Korea).
This is why China was never competitive in the ICE era, but companies like BYD are booming.
Also, I strongly believe that from now to 2035 multiple companies will be selling their electric powertrains to dozens of different automakers.