"Major players have realized electric vehicles are the future, but they have yet to widely recognize that they have to up their game in terms of motors, transmissions, battery technologies, inverters and electric powertrains," Peter Rawlinson, CEO of EV startup Lucid Group Inc, said in an interview with Reuters. Rawlinson previously was vice president of vehicle engineering at Tesla.
"We're designing and building so much more of the car than other OEMs who will largely go to the traditional supply base and [execute] like I call it, catalog engineering," Tesla CEOTesla's approach is costly and the company has raised vehicle prices repeatedly in the last few years. Despite promising to deliver a model that could start at about $25,000, Musk earlier this year said"we're not currently working on the $25,000 car. At some point, we will.
"There are a number of automakers who in a way want to continue buying and manage the final integration," Mosquet said, adding that it would take several years to determine which approach is successful. Today, only Tesla, EV startup Lucid Group Inc and Chinese BYD Co Ltd are completely making their electric motors in-house, according to IHS Markit, followed by Hyundai Motor Co and the Renault-Nissan-Mitsubishi alliance.
Good