I think a lot of it is also growing their market share and establishing their brand.
Comment on Tesla's European car sales nosedive for fifth month as customers switch to Chinese EVs
KumaSudosa@feddit.dk 1 day agoI don’t know that they’re out to make money though. A lot of the Chinese manufacturers are now struggling due to the price war they instigated themselves. Huge production surplus but they pushed down the price so much they hardly make any money
Ilovethebomb@sh.itjust.works 1 day ago
KumaSudosa@feddit.dk 1 day ago
Brand recognition is important, but it’s a dangerous game operating mostly on government subsidies. Once you have established low prices it’s hard to reverse it
Meron35@lemmy.world 16 hours ago
Competition is fierce, but they are not exactly struggling due to government subsidies/incentives. These are so extreme that Chinese manufacturers are over producing and dumping “used” EVs with zero mileage for export.
Similar to US agricultural dumping, this is a terrible policy for everyone, except for the beneficiaries of the subsidies, and maybe the overseas consumers who get cheap EVs in the short term.
China’s Zero-Mile ‘Used’ EVs Are Flooding Global Markets - insideevs.com/news/…/china-zero-mile-used-evs/