GolfFoxtrotLima@sh.itjust.works to Technology@lemmy.worldEnglish · 21 hours agoXiaomi Has a Luxury SUV for $31,000 That All Western Brands Should Fearwww.wired.comexternal-linkmessage-square102linkfedilinkarrow-up1258arrow-down122
arrow-up1236arrow-down1external-linkXiaomi Has a Luxury SUV for $31,000 That All Western Brands Should Fearwww.wired.comGolfFoxtrotLima@sh.itjust.works to Technology@lemmy.worldEnglish · 21 hours agomessage-square102linkfedilink
minus-squaretb_@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down1·4 hours agoOne way the Chinese government is “subsidizing” their cars is by suppressing the living standards of its people. That and their industry doesn’t appear to be as bloated and shareholder-driven.
minus-squarerealitista@lemmus.orglinkfedilinkEnglisharrow-up2·1 hour agoThere are no shareholders because you’d have to be a fool to compete with the Chinese government as an investor. Returns are perpetually suppressed.
minus-squareSaveTheTuaHawk@lemmy.calinkfedilinkEnglisharrow-up2·51 minutes agoJFC Lemmy… BYD is a public company and was originally funded by Warren Buffet. He made almost 9 billion.
minus-squareSaveTheTuaHawk@lemmy.calinkfedilinkEnglisharrow-up1·edit-21 hour ago suppressing the living standards of its people. You mean letting billionaires avoid tax, adding tariffs to everything, and driving up the price of gas?
One way the Chinese government is “subsidizing” their cars is by suppressing the living standards of its people.
That and their industry doesn’t appear to be as bloated and shareholder-driven.
There are no shareholders because you’d have to be a fool to compete with the Chinese government as an investor. Returns are perpetually suppressed.
JFC Lemmy… BYD is a public company and was originally funded by Warren Buffet. He made almost 9 billion.
You mean letting billionaires avoid tax, adding tariffs to everything, and driving up the price of gas?