Marc Andreessen says US carmakers need to make a $20,000 EV if they don't want to 'lose the auto industry' to China
Briefly

Investors Marc Andreessen and Ben Horowitz asserted that Chinese EVs, like Xiaomi's SU7, are outperforming American and European automakers in quality and affordability.
Andreessen noted the impressive ecosystem in China: "What China has now is not just really good car companies, but they've got this entire constellation of supply chain componentry."
With declining growth in the American auto industry, Andreessen emphasized the need for compelling, affordable EVs to retain market competitiveness: "If the US doesn't want to lose the auto industry…"
The SU7's success reflects a shift: "The popularity has spread globally in favor of other American and European brands," showcasing that consumers are gravitating towards innovative, low-cost alternatives.
Read at Business Insider
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