[alloai]

There are two sides of the story, there is a Chinese version saying that there are a lots of frauds here.

Car making is a capital burning business, you just can not do it without the wealth like elon musk.

It's kind of a venture investment here, there were so many car investment in the past few years, when there were investment bubbles, but now, the bubble is gone.

[magicsmoke]

I've read in a paper somewhere that a big part of why Chinese auto manufacturers aren't as successful as Japanese or Korean ones is because they're too tied to the local government to fail. Each province in China has their own local auto company connected to the provincial government, resulting in a lot of duplicated effort and inefficiency. Japan and Korea had a lot of indigenous auto makers when they first started as well, but they allowed the weaker ones to get bought out and cannibalized to build up the stronger ones.

[xenospn]

Japan has a very long tradition of quality and striving for perfection. China, not so much. And cars these days really need to be more than “good enough” to compete worldwide.