2 ms·

State backed loss leaders.

• x3ro 5mo ago
  Is that worse than VC-backed loss leaders? :)
  • dyauspitr 5mo ago
    Yes. VCs can’t compete with the second largest economy on the planet.
• drcongo 5mo ago
  I think this is probably correct based on the way state investment into the Chinese EV market has been working - fund a whole bunch of them and let them fight it out to be one of the few brands that will have the longevity. It's pretty brutal with the cars.
  • andrekandre 5mo ago
    > let them fight it out yep, from what i hear, the govt makes sure there is intense local competition in the market so it produces a few really good companies that survive... its kind ironic considering what is going on with mono/oligopolies over here...