Comment by ShinyLeftPad
1 day ago
The price is not the important part, it basically doesn't matter. On top of subsidies and government policy aiming to undermine manufacturing in EU and elsewhere, domestic consumption in PRC is laughably low and government policies act to transfer wealth from households to manufacturing. Locals won't buy the supply, PRC literally has to get these cars somewhere or trash them.
Now if those cars are actually good, price independent, then that would be worth mentioning.
Do you have any references for your statements?
The majority of car sales in China are EVs (which is more than the UK, the EU and the US) so locals are buying the supply right now.
Reference: https://ourworldindata.org/electric-car-sales
Sure.
China domestic consumption is laughably low: https://en.wikipedia.org/wiki/List_of_countries_by_household... (lower than Kosovo, Sri Lanka, lower than world average) https://bst-europe.eu/economy-security-trade/more-and-more-w...
Locals won't buy EV supply: https://asia.nikkei.com/business/automobiles/china-s-domesti... https://www.bloomberg.com/features/2023-china-ev-graveyards/
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