Comment Re:Heavily Subsidized by CCP (Score 2) 147
The second part is also a fail, that China is heavily subsidizing. I don't think they are. Razor thin margins yes, cut throat competition (ironic eh, real capitalism in China) yes, with too many brands and not enough sales. Their latest thing is actually boosting the price to the EU to satisfy the EU's they are just too inexpensive problem. The automakers should be afraid, very afraid. They are sourcing many of their components from China and assembling the car from sub-assemblies made in China and tacking on a huge profit margin.
As to good product the Xiaomi SU7 has gotten rave reviews. Most like it better than the 150 grand porsche, and its around 65. I'd be very interested in one at that price. A guy living in China traded his porsche for one, he preferred it to his porsche, called it a better car in every respect.