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20 sats \ 1 reply \ @OT 27 Oct \ on: Is the Chinese EV industry one big scam? econ
I'll ramble off a few points:
  • There's like 20 electric car companies in China now.
  • Competition is bringing prices down.
  • The virtuous western consumers think they're saving the planet by buying them.
  • A new market with jobs and all the network effects (especially data collection) keeps China as factory for the world.
  • Electricity in China is cheap, whereas petrol is expensive.
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0 sats \ 0 replies \ @stack_harder OP 27 Oct
this is a good point too, while the profit might not be there, the value of the data could be immense to them
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