The US automaker has weathered a difficult EV transition, announcing US$19.5 billion in charges to overhaul its strategy Read more at The Business Times.
the Chinese government is subsidizing these companies so they can sell these products for a cheaper price than anyone else in the world and put their competition out of business, which is exactly why “they make everything.”
You do not understand basic economics and industry.
Chinese industry perfected supply chains and manufacturing methods that never previously existed.
And Chinese government is not the major investor in China. Apple spent more in China, dollar corrected than the US Marshall plan after WWII.
You’re telling me there’s a formula that would allow all these other automotive companies worldwide to produce cars for 1/4th the price and yet nobody has figured it out even after producing cars for as much as 120 years, while China did after just building cars for a few years? What’s the secret sauce, exactly? That’s a ton of money left on the table and many of these companies have produced vehicles in China for decades, yet still don’t know this secret.
You do not understand basic economics and industry.
Chinese industry perfected supply chains and manufacturing methods that never previously existed.
And Chinese government is not the major investor in China. Apple spent more in China, dollar corrected than the US Marshall plan after WWII.
You’re telling me there’s a formula that would allow all these other automotive companies worldwide to produce cars for 1/4th the price and yet nobody has figured it out even after producing cars for as much as 120 years, while China did after just building cars for a few years? What’s the secret sauce, exactly? That’s a ton of money left on the table and many of these companies have produced vehicles in China for decades, yet still don’t know this secret.