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D W
The Electric Viking
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Comments by "D W" (@DW-op7ly) on "Famous Chinese EV brand that went bankrupt is saved by American investors" video.
With the crackdown in real estate The Chinese just have no where really viable to park their wealth these days Their Government is pushing them to invest in technology Where China already leads the world in 37 of 44 critical technologies of the future Or they have gold as a save haven investment
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China saved Tesla in 2019 and then again just recently allowing Tesla to partner with Baidu who has had 4 million paid robotaxis rides up to Q3 of 2023 Tesla wasn’t profitable until they entered China got that production fixed and got that Chinese domestic market
1
Happy to a point… bankrupt is bankrupt previous investors will get pennies on the dollar back if lucky
1
World got scared of the rise of China
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