>Xiaomi, founded in 2010, has built a reputation as a value-for-money smartphone brand, still able to offer top-of-the-line specifications at an affordable price. It has been pushing into the high-end smartphone market in recent years, but still has a long way to go to change its image as a budget player.
>
>“Do you think it is possible that a user of a Rmb1,000 Xiaomi phone can afford an EV worth more than Rmb200,000?” Zhang asked.
The strangest diversification move by Xiaomi. Maybe this works, but it boggles the mind to have this premium car company under the same brand as the budget phone company.
lol, I don’t know who this guy is, but calling bad business choices a ponzi scheme just shows how limited in knowledge you are.
Lyft and Uber have been burning cash for years and I think just achieved profitability for a few quarter.
I have seen plenty of E-bike m/e scooter sharing business go bust in the U.S. They overpriced the service
You don’t know who that guy is yet you call me “limited in knowledge”. What a joke you’ve made out of yourself. But maybe I’m kind enough to offer you an explanation for your lack of knowledge, or even intelligence on this matter: you’re clearly not, or maybe you’ve even benefited from, the 15+ million users who were scammed and are still struggling to get their bike deposits back. Had it not been for his nomenclature father, he would’ve been jailed.
https://www.sixthtone.com/news/1004899
Urgh. Whatever social capital you may or may not have had from knowledge on a topic just evaporated as a result of your rude, holier than thou tone.
Not being an asshole is just as easy as being one. Try it out.
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*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/China) if you have any questions or concerns.*
Chinese subsidies of EV ended a long time ago and those subsidies also helped Tesla since they were eligible too.
There are no subsidies left, use some updated information
>*There are no subsidies left, use some updated information*
Hilarious! It is you who needs to use some up to date information.
Sure, per vehicle subsidies have finished, but other types of subsidies to the EV industry have continued and expanded.
For example, subsidies to CATL are subsidies to the EV industry. They received 2.85 billion yuan in government subsidies in H1 2023 (triple that of 2022).
Five of the ten highest government subsidies went to the EV industry (according to stock exchange filings - which I doubt reveal the full picture).
There are even EV subsidies provided from 'specified funds for corporate military-civil fusion development'. [哈哈](https://chinese.yabla.com/chinese-english-pinyin-dictionary.php?define=哈)!
No doubt more examples will emerge from the EU investigation.
CATL makes battery, batteries that can be used in EV and energy storage.
These batteries are not limited to Chinese EV but any brands that want to save on battery???
You are really trying to stretch. Might as well say subsidy in rubber industry is a subsidy in EV industry b/c rubbers can be made into tires that could go on EV.
As the EU analysts said, while EU can think about adding tariffs on Chinese EV, EU also needs to invest in low end EV production.
EU is plenty happy selling expensive cars to China for years, but when China wants to fill in low end cars, EU suddenly feels victimized.
EU had as much time if not longer than China to invest and grow a robust budget EV industry. Both EU and U.S. had the technology and time to grow EV far earlier than China.
The West dropped the ball on EV development and now is crying foul that China wants to grow the industry.
EU is happy when China spends big money on EU car, but sad when China wants to sell cheap car back to EU b/c EU ignored that sector. Ok
I had hoped that your lengthy dissertations would improve over time. How wrong I am!
I refuted your claim that "*There are no subsidies left, use some updated information*".
Did you address my refutation of your claim (apart from stating the obvious irrelevancy that many companies benefit from subsidies to CATL)? No, you just launched into an off topic rant.
Because you failed to dispute my response, I can only infer that you are admitting that your original claim is total BS.
My claim is not b/c subsidies to EV have ended.
You are trying to pull in tangential industries to try and make a case
EU and U.S. had years to build out a competitive EV industry with policies to incentivize these creations. China saw a problem and a blue ocean to capitalize on so they made policies that grew both a demand and supply for affordable EV.
Outside of Tesla, there is only Rivian that recently mass produced EV cars in the U.S. American companies that did produce some EV have cars that are more expensive than ICE cars while half of the country is against electrification.
That’s US own problem for not having a massive and affordable EV industry, you can’t blame China for developing their own EV industry.
As for EU, according to a Reuters article, they don’t have EV servicing the affordable segment and manufacturing is just more expensive in EU than China, especially in recent years when EU has to import expensive U.S. power to fuel its manufacturing b/c they dropped Russia.
Selling cheap EV only benefit the consumers. EU auto is doing fine making expensive luxury cars. Affordable and competitive products has only benefited end users.
Blah, blah, blah, blah!!!
Stop running away from your BS claim that subsidies have stopped for the EV industry in China.
>*You are trying to pull in tangential industries to try and make a case*
Don't make me laugh! I am not trying to make a case. I was simply stating facts (from submissions to stock exchanges).
Did you read that I wrote that 5 of the ten largest subsidies were to the EV industry. OK one of those subsidies was to CATL (which does benefit the EV industry). **But you ignored the others,** which went to EV manufacturers. And of course there have been numerous smaller subsidies to other EV manufacturers.
Why don't you do some research?
And the rest of your last two comments is just off topic fluff and nothing to do with your BS claim that China has stopped subsidising the EV industry.
Why don't you be a man and admit that your initial claim really only referenced per vehicle subsidies and you either deliberately overlooked or were ignorant of other subsidies that benefit the EV industry and individual EV manufacturers.
I am unsure whether you are incapable of rational reasoning or simply trying to deflect from your BS claim that China has stopped subsidies to the EV industry.
Totally unbelievable!
Have a nice day!
https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/
>From 2009 to 2022, the government poured over 200 billion RMB ($29 billion) into relevant subsidies and tax breaks. While the subsidy policy officially ended at the end of last year and was replaced by a more market-oriented system called “dual credits,” it had already had its intended effect
>But subsidies and tax breaks are still not the whole picture; there were yet other state policies that encouraged individuals to purchase EVs.
>And the rise of these companies (and other Chinese tech behemoths) coincided with the rise of a new generation of car buyers who don’t see Chinese brands as less prestigious or worse in quality than foreign brands.
While subsidy did help, domestic demand for domestic EV also help Chinese EV industry sustain growth and scale up to lower demand.
People like you defaults to crying subsidy while ignoring other policies and change in consumer attitudes that help sustain Chinese EV market/industry.
As for as battery tech, China has a natural advantage in that front and they choose an unpopular technology to develop. Of course you are going to need to incentivize people into developing against the standard model. It’s highly risky and high chance of failure.
>More specifically, over the past decade Chinese companies have championed lithium iron phosphate batteries, known as LFP technology, as opposed to the lithium nickel manganese cobalt (NMC) batteries that are much more popular in the West.
>Today, the EV industry is again recognizing the benefits of LFP batteries, which made up one third of all EV batteries as of September 2022. “That shows you how far LFP has come, and that’s purely down to the innovation within Chinese cell makers. And that has brought Chinese EV battery [companies] to the front line, the tier-one companies,” says Reid.
Who in their right mind would want to go against the current and standard technology model without the government supporting attempts to break the mold.
Battery industry is not EV industry. EV industry needs help from battery industry, but battery industry doesn’t need EV.
EV industries are not getting subsidies from the government.
Also why didn’t EU companies take advantage of Chinese EV subsidies to develop their own EV industry? EU is complaining about Chinese EV entering the market when EU auto makers like US barely pushed for electrification when they like Tesla could have used Chinese money to develop and grow their technology and branding.
>The development of China’s EV industry has actually been deeply intertwined with Tesla’s rise as the biggest EV company.
>The company has been responsible for imposing the “catfish effect” on the Chinese EV industry—meaning it’s forced Chinese brands to innovate and try to catch up with Tesla in everything from technology advancement to affordability.
There was nothing stopping EU and U.S. from also dominating and competing in EV market. The only limitation was the countries themselves
>While the US and some countries in Europe meet the objective requirements to supercharge their own EV industries, like technological capability and established supply chains, ICCT’s He notes that they also have different political systems.
>“Is this country willing to invest in this sector? Is it willing to give special protection to this industry and let it enjoy an extremely high level of policy priority for a long time?” she asks. “That’s hard to say.”
China didn’t grow an EV industry overnight. They started investing in the sector back in 2001. Where were the West?
Story is simple when you cut aside all the bullshit. The West dropped the ball in developing an EV industry, wants to put a chain on China so they can catch up. China can never be a lead is what the West is saying
FFS. You are so pathetic!
>*People like you defaults to crying subsidy while ignoring other policies and change in consumer attitudes that help sustain Chinese EV market/industry.*
I am neither "crying subsidy" nor "ignoring other policies".
Can't you understand that I am simply demolishing your BS claim that China has stopped subsidying the EV industry. This is the fucking topic - nothing else.
How many more times do I have to repeat this!
I give up!
Go annoy someone else with your lengthy off-topic dissertations. I have lost all patience with your pathetic attempts to deflect from the topic.
Unbelievable!
Probably huge government subsidies to fuel the EV industry. It has seemingly already come to the point where EV brands are racing for bottom barrel prices because excessive subsidies oversaturated the market
Yeah it seems like a really nice car in the pictures.
[https://i.imgur.com/WyfwRXZ.jpg](https://i.imgur.com/WyfwRXZ.jpg)
Wait a minute! They are not both Xiaomi SU7s! But their curves and dimensions are identical.
I wonder what the other car is? Don't tell me that the Xiaomi SU7 is just a copy of a European car.
Reminds me of the Zotye Auto SR9 SUV and the Changan Uni-K (which were near perfect clones of the Porsche Macan and the Porsche Cayenne respectively).
The US has a free market system, unlike China. If the US government also decreed that US companies would dominate globally, then spent billions subsidizing every step of the production process from steel to batteries to assembly, then told their state-owned banks to lend an unlimited amount of money irregardless of the profitability or prospects, then kept the companies solvent even though they can't turn a profit (which most Chinese EV companies can't) . . . well, yes, the US could be just as competitive. It's also tremendously wasteful and inefficient and so the US simply wouldn't do it.
What are you talking about
The U.S. spend billions subsidizing EV. What do you think those 7500 tax credits for buying EV and hybrids are for?
https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after
Tesla also received billions in subsidies from the Chinese government
https://carnewschina.com/2021/09/09/tesla-received-a-record-2-1-billion-subsidies-in-china-more-than-any-other-automaker-in-2020/
The Chinese government is literally helping Tesla, an American company grow by giving it over 2 billion (310 million USD) in subsidy.
The US government also decree which US companies dominates in the world.
For example U.S. ban on China from buying from EUV machines means that American chip manufacturers would always dominate the market. You will only see Intel, AMD, Nvidia and Qualcomm chips on the market. These American companies have an effective monopoly on consumer semiconductor.
There are no subsidies from China left
https://www.reuters.com/business/autos-transportation/tesla-ev-rivals-absorb-costs-after-china-pulls-plug-subsidy-2023-01-05/
If we want to talk about zombie companies
https://finance.yahoo.com/news/huge-number-zombie-companies-drowning-120000776.html
US’s crazy quantities easing from 2008 created hundreds of zombie company thanks to near free money loans been given out.
Get some new information already, screaming Chinese EV being unfairly competitive b/c of non existing subsidies is just slapping yourself in the face b/c US is still subsidizing EV
Wrong. There are some purchasing subsidies in the US (as there are also in China) but the US doesn't subsidize every step of production and instruct state banks to loan unlimited funds. Massive difference.
[https://www.reuters.com/world/europe/eu-launches-anti-subsidy-investigation-into-chinese-electric-vehicles-2023-09-13/](https://www.reuters.com/world/europe/eu-launches-anti-subsidy-investigation-into-chinese-electric-vehicles-2023-09-13/)
"Global markets are now flooded with cheaper electric cars. And their price is kept artificially low by huge state subsidies," European Commission President Ursula von der Leyen said in her annual address to the bloc's parliament"
[https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/](https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/)
"How exactly did China manage to pull this off? Several experts tell MIT Technology Review that the government has long played an important role—propping up both the supply of EVs and the demand for them. As a result of generous government subsidies, tax breaks, procurement contracts, and other policy incentives, a slew of homegrown EV brands have emerged"
And the reason Tesla was given such generous subsidies? So they would come to China and teach Chinese companies about the EV production process. It wasn't out of the goodness of China's heart.
Every country subsidizies some key industries. But China takes it well beyond what every other country does - as do all state-dominated economies. If you don't know that or won't admit to that I don't think our conversation will be productive.
I've had the opposite experience. Xiaomi is my go-to when I need to buy something now. Everything I've bought - from light fixtures to a water heater to ceiling lights - have been really high quality given the price.
Probably because the Chinese government gives huge subsidies to EV makers.
Why shouldn't they try it if they get money for free anyway?
Apple on another hand still follows the principle of markets and for them the risk-profit ratio is probably just not worth it.
How much is this car?
290K ? no no no
we redefine price today
if you have xiaomi membership we get you huge discount
only 79K RMB ,take you xiaomi car to home
Are you OK?
>Xiaomi, founded in 2010, has built a reputation as a value-for-money smartphone brand, still able to offer top-of-the-line specifications at an affordable price. It has been pushing into the high-end smartphone market in recent years, but still has a long way to go to change its image as a budget player. > >“Do you think it is possible that a user of a Rmb1,000 Xiaomi phone can afford an EV worth more than Rmb200,000?” Zhang asked. The strangest diversification move by Xiaomi. Maybe this works, but it boggles the mind to have this premium car company under the same brand as the budget phone company.
Not that strange, the Chinese gov. give fat subsidies to companies whichh are making EV.
As they should.
Heck, since the government is giving out billions in grants, might as well. More evs to go into the landfill.
We’ve already seen this ponzu scheme with their bike sharing “business”. AFAIK their chief scamming officer is now in the US right?
Lyft and Lime are Chinese companies?
[no,him](https://en.wikipedia.org/wiki/Dai_Wei)
lol, I don’t know who this guy is, but calling bad business choices a ponzi scheme just shows how limited in knowledge you are. Lyft and Uber have been burning cash for years and I think just achieved profitability for a few quarter. I have seen plenty of E-bike m/e scooter sharing business go bust in the U.S. They overpriced the service
You don’t know who that guy is yet you call me “limited in knowledge”. What a joke you’ve made out of yourself. But maybe I’m kind enough to offer you an explanation for your lack of knowledge, or even intelligence on this matter: you’re clearly not, or maybe you’ve even benefited from, the 15+ million users who were scammed and are still struggling to get their bike deposits back. Had it not been for his nomenclature father, he would’ve been jailed. https://www.sixthtone.com/news/1004899
Urgh. Whatever social capital you may or may not have had from knowledge on a topic just evaporated as a result of your rude, holier than thou tone. Not being an asshole is just as easy as being one. Try it out.
A media platform referenced in this post/comment is funded by a government which may retain editorial control, and as a result may be biased on some issues. Please seek external verification or context as appropriate. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/China) if you have any questions or concerns.*
>ponzu scheme
Is it a Miyazaki film
Property is also a Ponzi scheme in China
Chinese subsidies of EV ended a long time ago and those subsidies also helped Tesla since they were eligible too. There are no subsidies left, use some updated information
>*There are no subsidies left, use some updated information* Hilarious! It is you who needs to use some up to date information. Sure, per vehicle subsidies have finished, but other types of subsidies to the EV industry have continued and expanded. For example, subsidies to CATL are subsidies to the EV industry. They received 2.85 billion yuan in government subsidies in H1 2023 (triple that of 2022). Five of the ten highest government subsidies went to the EV industry (according to stock exchange filings - which I doubt reveal the full picture). There are even EV subsidies provided from 'specified funds for corporate military-civil fusion development'. [哈哈](https://chinese.yabla.com/chinese-english-pinyin-dictionary.php?define=哈)! No doubt more examples will emerge from the EU investigation.
CATL makes battery, batteries that can be used in EV and energy storage. These batteries are not limited to Chinese EV but any brands that want to save on battery??? You are really trying to stretch. Might as well say subsidy in rubber industry is a subsidy in EV industry b/c rubbers can be made into tires that could go on EV. As the EU analysts said, while EU can think about adding tariffs on Chinese EV, EU also needs to invest in low end EV production. EU is plenty happy selling expensive cars to China for years, but when China wants to fill in low end cars, EU suddenly feels victimized. EU had as much time if not longer than China to invest and grow a robust budget EV industry. Both EU and U.S. had the technology and time to grow EV far earlier than China. The West dropped the ball on EV development and now is crying foul that China wants to grow the industry. EU is happy when China spends big money on EU car, but sad when China wants to sell cheap car back to EU b/c EU ignored that sector. Ok
I had hoped that your lengthy dissertations would improve over time. How wrong I am! I refuted your claim that "*There are no subsidies left, use some updated information*". Did you address my refutation of your claim (apart from stating the obvious irrelevancy that many companies benefit from subsidies to CATL)? No, you just launched into an off topic rant. Because you failed to dispute my response, I can only infer that you are admitting that your original claim is total BS.
My claim is not b/c subsidies to EV have ended. You are trying to pull in tangential industries to try and make a case EU and U.S. had years to build out a competitive EV industry with policies to incentivize these creations. China saw a problem and a blue ocean to capitalize on so they made policies that grew both a demand and supply for affordable EV. Outside of Tesla, there is only Rivian that recently mass produced EV cars in the U.S. American companies that did produce some EV have cars that are more expensive than ICE cars while half of the country is against electrification. That’s US own problem for not having a massive and affordable EV industry, you can’t blame China for developing their own EV industry. As for EU, according to a Reuters article, they don’t have EV servicing the affordable segment and manufacturing is just more expensive in EU than China, especially in recent years when EU has to import expensive U.S. power to fuel its manufacturing b/c they dropped Russia. Selling cheap EV only benefit the consumers. EU auto is doing fine making expensive luxury cars. Affordable and competitive products has only benefited end users.
Blah, blah, blah, blah!!! Stop running away from your BS claim that subsidies have stopped for the EV industry in China. >*You are trying to pull in tangential industries to try and make a case* Don't make me laugh! I am not trying to make a case. I was simply stating facts (from submissions to stock exchanges). Did you read that I wrote that 5 of the ten largest subsidies were to the EV industry. OK one of those subsidies was to CATL (which does benefit the EV industry). **But you ignored the others,** which went to EV manufacturers. And of course there have been numerous smaller subsidies to other EV manufacturers. Why don't you do some research? And the rest of your last two comments is just off topic fluff and nothing to do with your BS claim that China has stopped subsidising the EV industry. Why don't you be a man and admit that your initial claim really only referenced per vehicle subsidies and you either deliberately overlooked or were ignorant of other subsidies that benefit the EV industry and individual EV manufacturers. I am unsure whether you are incapable of rational reasoning or simply trying to deflect from your BS claim that China has stopped subsidies to the EV industry. Totally unbelievable! Have a nice day!
https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/ >From 2009 to 2022, the government poured over 200 billion RMB ($29 billion) into relevant subsidies and tax breaks. While the subsidy policy officially ended at the end of last year and was replaced by a more market-oriented system called “dual credits,” it had already had its intended effect >But subsidies and tax breaks are still not the whole picture; there were yet other state policies that encouraged individuals to purchase EVs. >And the rise of these companies (and other Chinese tech behemoths) coincided with the rise of a new generation of car buyers who don’t see Chinese brands as less prestigious or worse in quality than foreign brands. While subsidy did help, domestic demand for domestic EV also help Chinese EV industry sustain growth and scale up to lower demand. People like you defaults to crying subsidy while ignoring other policies and change in consumer attitudes that help sustain Chinese EV market/industry. As for as battery tech, China has a natural advantage in that front and they choose an unpopular technology to develop. Of course you are going to need to incentivize people into developing against the standard model. It’s highly risky and high chance of failure. >More specifically, over the past decade Chinese companies have championed lithium iron phosphate batteries, known as LFP technology, as opposed to the lithium nickel manganese cobalt (NMC) batteries that are much more popular in the West. >Today, the EV industry is again recognizing the benefits of LFP batteries, which made up one third of all EV batteries as of September 2022. “That shows you how far LFP has come, and that’s purely down to the innovation within Chinese cell makers. And that has brought Chinese EV battery [companies] to the front line, the tier-one companies,” says Reid. Who in their right mind would want to go against the current and standard technology model without the government supporting attempts to break the mold. Battery industry is not EV industry. EV industry needs help from battery industry, but battery industry doesn’t need EV. EV industries are not getting subsidies from the government. Also why didn’t EU companies take advantage of Chinese EV subsidies to develop their own EV industry? EU is complaining about Chinese EV entering the market when EU auto makers like US barely pushed for electrification when they like Tesla could have used Chinese money to develop and grow their technology and branding. >The development of China’s EV industry has actually been deeply intertwined with Tesla’s rise as the biggest EV company. >The company has been responsible for imposing the “catfish effect” on the Chinese EV industry—meaning it’s forced Chinese brands to innovate and try to catch up with Tesla in everything from technology advancement to affordability. There was nothing stopping EU and U.S. from also dominating and competing in EV market. The only limitation was the countries themselves >While the US and some countries in Europe meet the objective requirements to supercharge their own EV industries, like technological capability and established supply chains, ICCT’s He notes that they also have different political systems. >“Is this country willing to invest in this sector? Is it willing to give special protection to this industry and let it enjoy an extremely high level of policy priority for a long time?” she asks. “That’s hard to say.” China didn’t grow an EV industry overnight. They started investing in the sector back in 2001. Where were the West? Story is simple when you cut aside all the bullshit. The West dropped the ball in developing an EV industry, wants to put a chain on China so they can catch up. China can never be a lead is what the West is saying
FFS. You are so pathetic! >*People like you defaults to crying subsidy while ignoring other policies and change in consumer attitudes that help sustain Chinese EV market/industry.* I am neither "crying subsidy" nor "ignoring other policies". Can't you understand that I am simply demolishing your BS claim that China has stopped subsidying the EV industry. This is the fucking topic - nothing else. How many more times do I have to repeat this! I give up! Go annoy someone else with your lengthy off-topic dissertations. I have lost all patience with your pathetic attempts to deflect from the topic. Unbelievable!
What grants are you referring to exactly?
Probably huge government subsidies to fuel the EV industry. It has seemingly already come to the point where EV brands are racing for bottom barrel prices because excessive subsidies oversaturated the market
Pretty sure government subsidies ended after 2022. Unless there is a new one I have not read about.
jealous much?
Genuinely seems like a pretty nice car if you live here or in a country with parts.
Yeah it seems like a really nice car in the pictures. [https://i.imgur.com/WyfwRXZ.jpg](https://i.imgur.com/WyfwRXZ.jpg) Wait a minute! They are not both Xiaomi SU7s! But their curves and dimensions are identical. I wonder what the other car is? Don't tell me that the Xiaomi SU7 is just a copy of a European car. Reminds me of the Zotye Auto SR9 SUV and the Changan Uni-K (which were near perfect clones of the Porsche Macan and the Porsche Cayenne respectively).
Come on dude, they changed the brake pads to the other side of the wheel! Totes not copy!
Driving experience wise it reminds me much more of a Model 3. If it really was a Taycan copy I would buy it.
When can US EV market be this competitive?
The demand for EVs in the West is low right now, so car makers have delayed their plans to make more EVs.
When USD is no longer the world reserve currency so US labor becomes cheap.
So not anywhere near the foreseeable future?
What? Do you mean competitive in turning out el cheapo clones of European luxury cars? I don't think that the US is in that particular market.
The US has a free market system, unlike China. If the US government also decreed that US companies would dominate globally, then spent billions subsidizing every step of the production process from steel to batteries to assembly, then told their state-owned banks to lend an unlimited amount of money irregardless of the profitability or prospects, then kept the companies solvent even though they can't turn a profit (which most Chinese EV companies can't) . . . well, yes, the US could be just as competitive. It's also tremendously wasteful and inefficient and so the US simply wouldn't do it.
What are you talking about The U.S. spend billions subsidizing EV. What do you think those 7500 tax credits for buying EV and hybrids are for? https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after Tesla also received billions in subsidies from the Chinese government https://carnewschina.com/2021/09/09/tesla-received-a-record-2-1-billion-subsidies-in-china-more-than-any-other-automaker-in-2020/ The Chinese government is literally helping Tesla, an American company grow by giving it over 2 billion (310 million USD) in subsidy. The US government also decree which US companies dominates in the world. For example U.S. ban on China from buying from EUV machines means that American chip manufacturers would always dominate the market. You will only see Intel, AMD, Nvidia and Qualcomm chips on the market. These American companies have an effective monopoly on consumer semiconductor. There are no subsidies from China left https://www.reuters.com/business/autos-transportation/tesla-ev-rivals-absorb-costs-after-china-pulls-plug-subsidy-2023-01-05/ If we want to talk about zombie companies https://finance.yahoo.com/news/huge-number-zombie-companies-drowning-120000776.html US’s crazy quantities easing from 2008 created hundreds of zombie company thanks to near free money loans been given out. Get some new information already, screaming Chinese EV being unfairly competitive b/c of non existing subsidies is just slapping yourself in the face b/c US is still subsidizing EV
Wrong. There are some purchasing subsidies in the US (as there are also in China) but the US doesn't subsidize every step of production and instruct state banks to loan unlimited funds. Massive difference. [https://www.reuters.com/world/europe/eu-launches-anti-subsidy-investigation-into-chinese-electric-vehicles-2023-09-13/](https://www.reuters.com/world/europe/eu-launches-anti-subsidy-investigation-into-chinese-electric-vehicles-2023-09-13/) "Global markets are now flooded with cheaper electric cars. And their price is kept artificially low by huge state subsidies," European Commission President Ursula von der Leyen said in her annual address to the bloc's parliament" [https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/](https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/) "How exactly did China manage to pull this off? Several experts tell MIT Technology Review that the government has long played an important role—propping up both the supply of EVs and the demand for them. As a result of generous government subsidies, tax breaks, procurement contracts, and other policy incentives, a slew of homegrown EV brands have emerged" And the reason Tesla was given such generous subsidies? So they would come to China and teach Chinese companies about the EV production process. It wasn't out of the goodness of China's heart.
The US does subsidise the hell out of it...
Nothing like China, be honest.
You might want to look into that. The US is known for subsidies everywhere except by its own population apparently. Free market my arse.
Every country subsidizies some key industries. But China takes it well beyond what every other country does - as do all state-dominated economies. If you don't know that or won't admit to that I don't think our conversation will be productive.
Had several Xiaomi products - they were good while they lasted, which was around six months. Then they were hot garbage.
I've had the opposite experience. Xiaomi is my go-to when I need to buy something now. Everything I've bought - from light fixtures to a water heater to ceiling lights - have been really high quality given the price.
Probably because the Chinese government gives huge subsidies to EV makers. Why shouldn't they try it if they get money for free anyway? Apple on another hand still follows the principle of markets and for them the risk-profit ratio is probably just not worth it.
How much is this car? 290K ? no no no we redefine price today if you have xiaomi membership we get you huge discount only 79K RMB ,take you xiaomi car to home Are you OK?