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The problem many failed to notice is consumer today no longer care where the product is made.
Our globalised World over last 30 decades have spoiled many of us with choices and affordable products.
And this is made possible with very very brutal competition... The very thing that Elon Musk never though possible in his EV domination just 12 years ago...
https://www.youtube.com/shorts/o7MU8FB0q...ture=share
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(28-02-2024, 12:58 PM)sgbuffett Wrote: EV business is a competitive one burning lots of cash to get market share.
Unless there is something special about xiaomi cars it is just one of the many players in a crowded field.
Having said this ....xiaomi is used to entering crowded markets and gaining market share. . They did in the TV and robo vacuum space.
You forget -
Unlike large Western businesses which depends on stock performance and constant cash flow from investors, the Chinese enterprises started out from the very basic competing on cost alone which forces them to be very very sensitive to $ and nimble to market demand...
The result is the Chinese market is a very competitive and unforgiving place to do business, because it is crowded of people who believe in the Survival of the Fittest.
(This post was last modified: 28-02-2024, 01:37 PM by
Manthink.)
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With enterprises like xm, dj, .... China would only collapse in your dreams : laughing
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Xiaomi's 1st car factory where their 1st EV will be manufactored and launch by next month.
Earlier this month, Xiaomi has confirmed the pricing of sports EV SU7, which has been lowered by RMB 30,000 to RMB 50,000 compared to last year's expectations, according to local media...
https://cnevpost.com/2024/03/19/xiaomi-u...v-factory/
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(24-03-2023, 12:46 PM)teaserteam Wrote: Someone has a lot of Xiaomi stock?
Just earlier this week....
https://simplywall.st/stocks/hk/tech/hkg...nderstated
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Seems the CEO had under estimated how productive his Xiaomi factory can be....
Following the announcement of bagging over 75,000 orders for its maiden car offering, tech giant Xiaomi has announced it has crossed the production milestone of 10,000 units for its all-electric SU7. The Xiaomi SU7 EV was unveiled back in December 2023, and deliveries of the car began subsequently, with Xiaomi previously stating it had delivered 5,781 vehicles by April 28, 2024.
https://www.carandbike.com/news/xiaomi-r...an-3212933
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I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Some will look for xm cars breakdown videos and post here
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(18-05-2024, 10:19 AM)WhatDoYouThink! Wrote: Some will look for xm cars breakdown videos and post here
...paging for
sgbuffett...
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