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Fear of cheap Chinese EVs spurs automaker dash for affordable cars
(www.reuters.com)
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this post was submitted on 10 Dec 2023
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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.
Or they could be building economies ot scale? You can't drive down costs making thousands, you need to make millions.
That's possible too. It's not like the US doesn't give businesses loans and grants for upscaling.