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Since they are selling the car at a loss, I really wonder when they will raise the price or stop selling it. Perhaps quite soon.
by kccqzy 3y ago
Since they are selling the car at a loss, I really wonder when they will raise the price or stop selling it. Perhaps quite soon.
- roenxi 3y agoWe could look to Tesla [0] to make some guesses about that. If Tesla were founded in 2003, were selling at a loss per unit in 2020 and profitable by, then this might be sustainable for about a 20 years. [0] https://www.motorbiscuit.com/tesla-loses-money-on-every-single-car-heres-where-the-profit-hides/ https://www.motorbiscuit.com/tesla-loses-money-on-every-sing...
- sakopov 3y agoI'm sure CCP is funding these efforts. They can remain unprofitable long as the money printer is running.
- bilbo0s 3y agoThis. Really doesn't matter how long these guys are unprofitable. The Chinese government has its strategic priorities. If you look at Chinese car companies, many don't even really make much of an effort to sell in other markets. The goal is to own the Chinese market. One, because employment and knock on effect employment. And two, because that's where they're betting the money will be. They may even be right. But the future may not be all about money. We're entering an era that has the potential to be different than eras that came before.