I think this is probably correct based on the way state investment into the Chinese EV market has been working - fund a whole bunch of them and let them fight it out to be one of the few brands that will have the longevity. It's pretty brutal with the cars.
yep, from what i hear, the govt makes sure there is intense local competition in the market so it produces a few really good companies that survive... its kind ironic considering what is going on with mono/oligopolies over here...
I think this is probably correct based on the way state investment into the Chinese EV market has been working - fund a whole bunch of them and let them fight it out to be one of the few brands that will have the longevity. It's pretty brutal with the cars.
yep, from what i hear, the govt makes sure there is intense local competition in the market so it produces a few really good companies that survive... its kind ironic considering what is going on with mono/oligopolies over here...
Is that worse than VC-backed loss leaders? :)
Yes. VCs can’t compete with the second largest economy on the planet.