Xiaomi's car factory produces about 1,000 vehicles a day with only 2,000 workers, projected to reach roughly one employee per car per day versus about six in the US, meaning automation could eliminate most of the jobs that reshoring auto manufacturing is supposed to bring back.

17:17They just came out with a kind of a Cayenne >> thousand cars a day. >> Yeah. In in this in the factory that I went to, um it it it they're sold out. They have like a 30 to 40 week backlog. Um you have to pay five grand to get on the waiting list. The factory, this is an interesting data point, the factory makes a thousand cars a day with 2,000

17:37employees. Um, it was highly automated, like really highly automated. I imagine that they plan to improve that number over the next 5 years. Let's say they took it to a,000 employees for a thousand cars. That'd be a employee per car per day. That number is like at six in the US. And that's super interesting for a number of things. It's like if you want to bring the jobs back there by the

18:01time you get the jobs back there may not be any jobs like like at one >> because of automation >> the entire global you know potential for car manufacturing in 5 to 10 years from now could be like 400k total and so you know we we need we just need to be really thoughtful about those things but but but back to Leune he gave a talk in

18:242024 we're talking about maybe people should be watching and learning in both directions that I would encourage people to watch. It's on YouTube. It's his State of the Union from 2024. And he spends about an hour talking about his approach to building a car. And it sounded like so ridiculously I don't like like you ask about entrepreneurial. He he he decided that he hadn't been driving a car for 10 years because he

18:51had had a driver. So, he immediately switched seats with his driver and then he um he went through the parking lot at his company and if there was ever a car he had not driven, he'd leave a note on it and ask to borrow it and then he would have the uh the owner of the car tell them what they liked and didn't like. So, he claimed he drove 170 cars

19:12that way. Um >> and then he also like BYD, they hired a European designer um that came in and helped him out. But for an entrepreneur who had never been in the car business to build a factory in a three-year window and and look, same thing was true. Our friend Omid built a factory in Texas, you know, you know, under 40. Like just spectacular that that these