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> Chinese automakers have responded by cutting prices, leaving some competitors worried about a race to the bottom. It's hard to compete against the Chinese go
by smarm52 2y ago
> Chinese automakers have responded by cutting prices, leaving some competitors worried about a race to the bottom.
It's hard to compete against the Chinese government, especially when they want to have their cars get into every other country. Not clear why, but it may just be a similar approach to leverage debt/capital similar to Belt and Road.