We're seeing a similar thing in China.
Most of the companies have no chance as they're behind the ball on tech, logistics, etc.
So what about this switched reluctance witchcraft that apparently gives the newer Teslas a significant advantage?
Weight of a motor is not an issue for practical considerations for EVs
Tesla being able to "turn off" front motor, and lack of differential probably also adds a little bit to efficiency.
The biggest price components of lithium cells is cobalt oxide used in cathode plates, followed by nickel in cell chemistries using them. Both are not cheap at all, and their supply is famously unstable. Metallurgical cobalt goes at $30-40 per kilo in China, and battery grade cobalt oxide at almost the same price.
So for a 200kg battery pack, you will be paying 2000-3000$ only for the cathode material.
Second after this is plainly volumes. Tooling costs are very high. Even model 3 and BAIC EU are rather low volume by industry standards. You have to add to that that EVs don't share chassis/platform with any other high volume car, and thus can't share the bodywork tooling costs.
That problem seems to be self-inflicted, though.
Does there even currently exist a consumer EV without a touchscreen?
And who's going to design and build an EV without a touchscreen these days?
As well complexity in design doesn’t absolutely correlate to manufacturing costs. Usually that’s dominated by labor, and extremely complex systems are designed to be made with less labor.
A market for political statements has always had a pretty low entrance barrier, all you need is a good PR manager.
Electric cars are easier to make than modern ICE vehicles.