This is not about pure capitalism, though. The reason Chinese EVs are so successful is that the Chinese government heavily subsidizes those companies. I would not be surprised if they sell cars at a loss. So the issue is exactly the opposite of capitalism. It’s pure capitalism being crushed by big government
This is not about pure capitalism, though. The reason Chinese EVs are so successful is that the Chinese government heavily subsidizes those companies. I would not be surprised if they sell cars at a loss. So the issue is exactly the opposite of capitalism. It’s pure capitalism being crushed by big government