China’s EV Price War Was Built On Cars Sold At a Loss
Longtime Slashdot reader schwit1 shares a report from Autoblog: For years, the Chinese auto industry has employed a hostile price war to kneecap global competitors. Armed with massive state subsidies, cheap raw materials, and an aggressive “scale-first” business model, Chinese automakers flooded the market with electric vehicles priced so low that legacy manufacturers … ⌘ Read more