Leapmotor’s Irish boss says customers no longer ask whether Chinese cars are good enough. Instead, they’re deciding which Chinese brand to buy
Much of that growth is built on manufacturing systems that European executives are increasingly travelling to China to study.
Corner the market, raise the price.
Pretty much every major company nowadays will operate at a loss for a period of time to drive out competition. Sometimes, they get the funding from VC, sometimes, they get it from governments.