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Also they're not really "dumping" EV's in Western markets. The automotive market traditionally made low margins like 5%, until EV's where they're now trying to
by KoolKat23 3y ago
Also they're not really "dumping" EV's in Western markets. The automotive market traditionally made low margins like 5%, until EV's where they're now trying to make closer to 30%. They're just sticking to the old pricing model.
Western manufacturers have been caught with their pants down, they operated under the assumption car ownership would become a premium thing, like owning an iPhone. Basically thought they'd have a free lunch fleecing consumers.