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Volkswagen:Competition From China EVs: Difference between revisions
Volkswagen:Competition From China EVs (view source)
Revision as of 09:07, 4 September 2024
, 4 September 2024→Cheap labor costs
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* The other thing that enables Chinese EV makers to dominate the market is the cheap labor costs in China. For instance, the average minimum wage in U.S is $7.25 per while in Europe it is $30 per hour. In China, the average minimum wage is $3.7 per hour<ref>https://20190729.fs1.hubspotusercontent-na1.net/hubfs/20190729/Q4%202023%20%20EV%20Price%20Gap%20Report/JATO%20mini%20Paper%2C%20EV%20price%20gap%2C%20A%20divide%20in%20the%20global%20automotive%20industry..pdf</ref>. | * The other thing that enables Chinese EV makers to dominate the market is the cheap labor costs in China. For instance, the average minimum wage in U.S is $7.25 per while in Europe it is $30 per hour. In China, the average minimum wage is $3.7 per hour<ref>https://20190729.fs1.hubspotusercontent-na1.net/hubfs/20190729/Q4%202023%20%20EV%20Price%20Gap%20Report/JATO%20mini%20Paper%2C%20EV%20price%20gap%2C%20A%20divide%20in%20the%20global%20automotive%20industry..pdf</ref>. | ||
==== Automotive Labor Costs in European Countries ==== | |||
{| class="wikitable" | |||
|+ | |||
!Country | |||
!Average hourly rate in euros in 2023<ref>https://www.wsj.com/business/autos/for-volkswagen-the-bumpy-road-to-electric-vehicles-starts-to-hit-home-1e7f4a66?siteid=yhoof2</ref> | |||
|- | |||
|Germany | |||
|62.44 | |||
|- | |||
|Netherlands | |||
|59.76 | |||
|- | |||
|Austria | |||
|49.1 | |||
|- | |||
|Sweden | |||
|47.5 | |||
|- | |||
|France | |||
|46.97 | |||
|- | |||
|Belgium | |||
|45.68 | |||
|- | |||
|U.K | |||
|41.43 | |||
|- | |||
|Italy | |||
|33.09 | |||
|- | |||
|Finland | |||
|31.99 | |||
|- | |||
|Spain | |||
|29.45 | |||
|- | |||
|Czech Republic | |||
|23.33 | |||
|- | |||
|Slovenia | |||
|23.07 | |||
|- | |||
|Slovakia | |||
|19.92 | |||
|- | |||
|Portugal | |||
|17.36 | |||
|- | |||
|Hungary | |||
|16.39 | |||
|- | |||
|Poland | |||
|15.08 | |||
|- | |||
|Romania | |||
|11.88 | |||
|} | |||
== How are prices and profits of models produced by the same Chinese brand developing in different regions? == | == How are prices and profits of models produced by the same Chinese brand developing in different regions? == | ||