AlixPartners: Chinese EVs cost 35% less to build than European ones

AlixPartners estimates a Chinese-branded EV costs about $20,000 to produce versus $31,000 for a European equivalent, a roughly 35% gap. The firm attributes the advantage to corporate structure, faster development and cheaper batteries rather than subsidies alone.

• A Chinese EV costs about $20,000 to build, a European one $31,000
• Production cost gap between Chinese and European models is around 35%
• Europe is urged to subsidize battery output and streamline corporate structure