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Fear of cheap Chinese EVs spurs automaker dash for affordable cars(www.reuters.com)

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Maggoty@lemmy.world
12 points

Yes you just described the business model. Everyone from Walmart to Amazon to Uber uses it. They take a loss in the short term, relying on new investor money or other products.

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Corkyskog@sh.itjust.works
4 points

Or they could be building economies ot scale? You can’t drive down costs making thousands, you need to make millions.

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Maggoty@lemmy.world
4 points

That’s possible too. It’s not like the US doesn’t give businesses loans and grants for upscaling.

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