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Foreign companies sold them, thinking PRC couldn't make them. Made a killing for 20 years. Then tale as old as time. PRC started making them, now adding more in
by maxglute 2y ago
Foreign companies sold them, thinking PRC couldn't make them. Made a killing for 20 years. Then tale as old as time. PRC started making them, now adding more industrial robots than nearly everyone else combined last few years.
- mitthrowaway2 2y agoThey actually even sold them at a lower price in China than in the west, to exploit price discrimination.
- maxglute 2y agoRecently, to compete with PRC competitors entering market. Growing up in 90s, they were price gouging hardcore. Was family friends with someone high up in ABB China executive. They were printing money for a while.