How much has Elio raised over the year. Would it equal $20mil?Like Electra Meccanica, Sondors will not be having to "pour a foundation" for a large facility themselves.
Thus eliminating the lion's share of those costs. They built prototype #1 on chump change...
And they have projected that they can get to production by bid for another $20M.
(Which they're now well into the process of raising).
Compare that to the Elio expenditure to get to... well, where they're at now. Perpetually 'mostly ready'.
I'd hardy call being in need of $370M+ to begin production "Mostly set up and mostly ready to go."
The Chinese will be working for Sondors, not the other way around.
The Chinese have a proven manufacturing record and are only improving every day.