this post was submitted on 10 Dec 2023
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Fear of cheap Chinese EVs spurs automaker dash for affordable cars (www.reuters.com)
submitted 11 months ago by boem@lemmy.world to c/technology@lemmy.world
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[–] Maggoty@lemmy.world 12 points 11 months ago (1 children)

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.

[–] Corkyskog@sh.itjust.works 4 points 11 months ago (1 children)

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

[–] Maggoty@lemmy.world 4 points 11 months ago

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