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RE: The Threat To Legacy Auto From The Chinese

in LeoFinance2 years ago

I think the Chinese is always a threat in any market. Their low labor costs which results in lower priced items are usually enough to skew things to their favor. Their large consumer base also means that they have a lot buying their own products. If they can lower the cost of charging further, I don't think legacy auto has any chance.

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No. That is what protectionism seeks to prevent. However, ultimately it never works especially as we are moving towards more automation.