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China is very good at mass production. Once they master the art, with the backing of the Chinese government, they can afford to lose money to gain market share.
by MangoCoffee 2y ago
China is very good at mass production. Once they master the art, with the backing of the Chinese government, they can afford to lose money to gain market share. All U.S. car companies, including Tesla, would die if the U.S. allowed Chinese 10k car in.
Hell, Obama didn’t let the auto industry die back in 2008. Can you imagine Trump, who said there would be a "bloodbath" in the auto industry without him—allowing a $10K Chinese car into the U.S. market?
- suraci 2y ago> with the backing of the Chinese government, they can afford to lose money to gain market share I'm curious which one lost more money, openai or byd
- addicted 2y agoBYD has been profitable for decades.
- dyauspitr 2y agoI can absolutely imagine Trump allowing just about anything if he gets sufficient kickbacks. He has no love for the US.