Super wealthy people in developing countries will still buy high-end Porsches and Mercedes G-wagons instead of Xiaomi EVs. For now.
But the EU makers likes of VW are fucked since they sell Chinese quality cars at premium prices and German union workers expect six figure salaries for a hard 35h week of bolting bumpers to cars.
German car companies get new countries in which to see themselves destroyed by China?
Super wealthy people in developing countries will still buy high-end Porsches and Mercedes G-wagons instead of Xiaomi EVs. For now.
But the EU makers likes of VW are fucked since they sell Chinese quality cars at premium prices and German union workers expect six figure salaries for a hard 35h week of bolting bumpers to cars.