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Ford CEO Praises His Chinese EV Sport Sedan, Says 'I Don't Want To Give It Up'
(www.roadandtrack.com)
this post was submitted on 09 Nov 2024
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Technology
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Is Xiaomi financing cars manufacturing with money made through cell phones sells up till March this year? Or they financing it with pre-orders and/or gov grants and/or private investment?
Idk about pre-orders but I’d imagine it’s a combo of many things, from Xiaomi already having the finances, to tax breaks and subsidies from the CCP, and subsidies on the domestic consumer side to encourage adoption to further stabilize the industry, which further encourages investments.