Their cars are assembled by Magna. Magna can probably save them a lot of money due to how many car makers already rely on their product solutions and manufacturing capabilities.
Yeah but Magna isn’t a low cost manufacturer. The Ocean will be built in Austria. It will save them some money versus building their own factories, but it’s not like it’s built in China. To hit those prices that they claim, they are literally losing money on every unit and just burning through that VC money instead.
Their cars are assembled by Magna. Magna can probably save them a lot of money due to how many car makers already rely on their product solutions and manufacturing capabilities.
Yeah but Magna isn’t a low cost manufacturer. The Ocean will be built in Austria. It will save them some money versus building their own factories, but it’s not like it’s built in China. To hit those prices that they claim, they are literally losing money on every unit and just burning through that VC money instead.