The strike by the United Auto Workers union against three Detroit car makers, now in its third week, is at its heart a conflict over electric vehicles: The companies say they must invest billions of dollars to retool their operations, while workers say they must defend their jobs from automation and technology while increasing their pay.
“I’m actually not concerned about the capacity or volume of manufacturing – I’m only concerned about the demand,” said William Li, the chair and CEO of Nio, at a news conference in Shanghai. By contrast, Ford Motor has said its workers earned an average of $110,000 a year in pay and benefits. The UAW is seeking a 40% pay raise over four years, plus a paid day off each workweek.
In China, he said, “the competition is so fierce that it pushes every automaker to develop new technologies.” Not all Chinese EV companies are losing money. BYD, the electric car leader in China and globally, tripled profit to $1.5 billion in the first half of this year. BYD makes its own batteries and is a highly efficient manufacturer.
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