Comment Re:China gov't over-subsidized in (Score 1) 188
...order to induce R&D, but the side effect is a glut of cars and mass collapsing of brands. Chinese citizens got dicked by a tator, who treats them like guinea pigs.
There is no "glut of cars". China still has a lot of unmet internal demand. The problem is that EVs are becoming a commodity in China now. So all the business models designed to exploit high-margin expensive products are becoming obsolete.
Dealerships are suffering the most, there is simply no margin for them to exist anymore, so they're doing all kinds of tricks to make sure they appear to be useful to carmakers. The double whammy is the fast depreciation of EVs. Just like with computers in the 90-s, people know that in 3 years a new EV will be better in all regards. So why waste money on expensive value-add services provided by dealerships?