2 ms·
All of the excuses - subsidy, dumping, weak domestic consumption -> export overcapacity (despite % of auto exports lower than JP/SKR). PRC is doing to EVs what
by maxglute 2y ago
All of the excuses - subsidy, dumping, weak domestic consumption -> export overcapacity (despite % of auto exports lower than JP/SKR).
PRC is doing to EVs what Ford did to Model T (500USD when competition cost $2000). Anyone with a brainknows it's technically possible to make extremely cheap basic cars, but in most places with entrenched auto interests, not politically feasible.