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/
Ilovethebomb@sh.itjust.works 3 weeks ago
I think a lot of it is also growing their market share and establishing their brand.
KumaSudosa@feddit.dk 3 weeks 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