posted in Technology
Xiaomi Has a Luxury SUV for $31,000 That All Western Brands Should Fear
www.wired.com/story/xiaomi-has-a-luxury-suv-all-western-brands-should-fear/Replying to @GolfFoxtrotLima@sh.itjust.works
They’ll be banned faster than you can memorize the spelling of Xiaomi. At least in the US, where we make sure the old inefficient companies stay afloat despite their incompetence.
Chinese cars are heavily subsidized by the state. The reason they’re so cheap is because China bets it can squeeze the competition out of the market before charging basically whatever they want.
I’ve seen Starbucks do the same thing to independent coffee shops.
Edit: This is a post about real car companies like Nissan, Volvo, Mercedes, Renault, whatever. I don’t care about America. Nobody has for decades.
Replying to @cabbage@piefed.social
American car companies (and American built cars) get subsidies from the US, Canada, and Mexico as all three form a single manufacturing chain. They simply have had a different set of priorities that allowed newcomers to eat their lunch, like it happens to any complacent industry.