Comment by seydor
1 day ago
it's not like cars are necessities like food. and i doubt these companies are unprofitable - the chinese govt has no incentive to provide the world with free cars.
1 day ago
it's not like cars are necessities like food. and i doubt these companies are unprofitable - the chinese govt has no incentive to provide the world with free cars.
It's shocking how (presumably) free-market maximalists on HN, who usually tout the benefits of competition look at Chinese EVs and go "These low proces can't be due to competition and innovation. It has to be government intervention". Domestic competition in China is red in tooth and claw, while car manufacturers in the US manufacturers innovate on buyer financing.
Indeed. Everyone wants cheaper, faster goods until it threatens their jobs.
It does if it meant everyone else went out of business and became dependent then on China
that's like saying that apple should sell the iphone for $10 to capture the market. meanwhile apple does the opposite
The chinese are not entering a saturated market here, they are building it and apparently dominating it by creating the best value
They did the same with PV panels, their plan was to make PV cheap for china, and in the process they became supercheap for the rest of the world too.