China’s New Car Sales Lose 138 Billion Yuan; Huawei Suffers, Losing 30,000 Yuan per Car Sold

[@Gamma67]

What a unique marketing strategy - trying to guilt your customers into buying by claiming you're losing money on every sale.

[@GizzyDillespee]

Maybe, to make up for lost car profits, they could triple their phone sales. What you do is, you stick 3 phones together, and sell them as if they're a single phone, but you charge the price of 3 phones.

[@sir.bananasplit]

haha sarcasm :D i got it. but actually may have worked but noone got money anymore.

[@Qingeaton]

That thing is a monstrosity isn't it...........omg.

[@arnedeneeff1183]

Anyone worried where the spare parts are? Warranties are guaranteed by whom?? The internet website ???

[@door1479]

The bankruptcy fixes everything

[@lance8080]

Chinese products never have warranty’s or refunds or tech support 🇨🇳

[@KingofUrukhai]

Almost no spare parts and lot of law suits of angry motorists who were lured by rock bottom prices ( in 🇮🇹 )!!!!!! 😅😅😅😅😅😅😅😅😅

[@BenhurBaguio]

Too many car features is maintenance problem cost of which is not suitable for most buyers , going back to basics is still the BEST BUY

[@kamsunleong6648]

Gen Z don't think like you. They are the future buyers. They want a computer on wheels. Either the automakers adapt or face a bleak future.

[@randalsaladbar]

​@@kamsunleong6648I agree, I'm 54. Smart cars are here

[@GF-mf7ml]

I'm gen Z, I only need AC and Bluetooth radio, I don't even need automatic transmission.

[@Ziegfried82]

@@kamsunleong6648 gen Z don't even get drivers licenses half the time, they are irrelevant at the moment. Maybe in another 20 years they will matter.

[@lance8080]

@@kamsunleong6648 Chinese make crap go back to rice farming 🇨🇳

[@ionitacatalinionut5324]

to many cars no money to buy :))

[@mightT1]

Chinese business model... pile it high, make it and sell it cheap... especially if you have government money behind it.

[@xhagast]

And when all the competition is gone you can raise prices and make up for your loses. This is a toxic strategy that makes China an ENEMY of the world.

[@Qingeaton]

You know it's insane when you get something shipped directly from China and it cost $1.50 with the shipping. You calculate how much it would cost to send back and it's $5. The government likely covers all shipping of anything going outside the country.

[@Shinobubu]

Ah China doesn't know that they don't have 1.4 billion people anymore and thought printing so many new cars would result in billions of sales. not realizing the numbers aren't real and most of them are very old and poor.

[@cosmicweb6475]

and many of them are dead from their covid pandemic that still going on today There's all types of diseases always coming out in that country and the people have been dying by the hundreds of millions.

[@kf6pfk]

They do seem challenged with simple arithmetic. How many homes did they build again? The world never had, and still doesn't need, their cars.

[@jmchng9662]

What rubbish you are trying to say? When China didn't start producing cars of its own and foreign car manufacturers were reaping billion of $$ profits by selling millions of cars to them, why didn't you say anything about their (foreign makers) overcapacity? Now that the Chinese are successful with their EV cars, you start talking rubbish.

[@kf6pfk]

@@jmchng9662 In the West, China is looking for new customers to sell their cars to. Few people trust the Chinese or their products anymore. That didn't used to be accurate, but it's true now. No one trusts that Chinese cars are of good value, at least no one I know.

[@junkscience6397]

@@jmchng9662 Everything the original poster said is valid. You write nonsense. Is selling cars in foreign countries "overcapacity" now? LOL. You cannot be that daft...can you?

[@vincecarlo]

Hua Wei should stay to Making phones Their cars SUCK

[@I.C.U-c7l]

THEIR PHONE SUCKS

[@patrickt49]

Lol, so do their phones.

[@pascalhenry1001]

better manufacturing shoes' slippers...

[@Kulutuk-bn4yc]

🤣🤣🤣 Are you pinoys not realizing that your own country is poor and backward ...? Yet, you are busy appearing on KZbin to speak ill of China??.!! 🤣🤣🤣 Wake up!! Pinoys!!!

[@ikme9393]

they cant even make their phones right.who in their right mind would trust their life in a vehicle like that

[@SithLordAnakin]

Huawei M7 Pro sounds like a phone name not a car. and is the S series the flagship models?

[@isx50f]

Still copying apple, pro pro max, ultra , ultra pro max 😅😂😂 Huawei always copy cat

[@kamsunleong6648]

But outselling Apple in China. Even Washington cannot bring Huawei down.

[@kamsunleong6648]

Latest iPhone 16 has some very exciting innovations. They have added an additional button and more colour choices. Seriously, who would want to copy them. They spent a billion dollars and ten years and fail completely to make their imaginery i Car. Meanwhile Xiaomi delivered theirs in 3 years.

[@isx50f]

Use your Mate XT 🤫

[@bvd02]

@@kamsunleong6648 My thoughts EXACTLY ‼️😡

[@jackywhite9756]

The mixed Samsung inside. S24 ultra ... Wow

[@TL-xw6fh]

Huawei is owned by the PLA, so they simply cannot be bothered if it does not make a profit. It's about domination of the market that matters to them.

[@jmchng9662]

Like Boeing is owned by Pentagon?

[@TL-xw6fh]

@@jmchng9662 NO, check out the shareholders of both companies. Huawei is 98% owned by the PLA so is not listed for sale, but Boeing is listed on NYSE and you can buy the shares any time.

[@Qingeaton]

@@jmchng9662 I grew up in St. Louis, Mo. in the 60's. Back then, Boeing was a world standard for long life and reliability and the workforce was proud to work there. Sort of like what SpaceX might be today, if less forward leaning perhaps. That company had a great track record, unlike what we see today, so something has changed for sure.

[@D-B-Cooper]

Loses made up by government subsidies.

[@mvc2177]

@huaweifanman2024trash Chinese quality. No thanks

[@johnpasir3207]

welcome to the age of commodity cars. no price is cheap enough and they all did it to themselves. selling at a loss = cutting corners on materials and quality = no or insufficient service / maintenance can be afforded = no or very expensive spare parts in the near future as it costs a ton to store and make, etc..

[@xiu-li]

Honda & Toyota are my car brands forever.

[@El-Ge]

Greed. ccp is too much greedy. Why Huawei has to have all kinds of technology companies and to product all kind of goods?

[@skysailing4355]

Must be a new business model selling at a lost.

[@kamsunleong6648]

Huawei can afford whatever model they want. They made net profit of CNY 55 billion for the first half of 2024. Normal business rules and models don't apply to them.

[@isx50f]

@@kamsunleong6648 making profit from stealing intelectual property….

[@kobolds638]

Huawei depend on CCP to make living . they don't need worry on cost & profit .

[@Hellofa6ird]

Most likely because they're relying on service charges to make profit

[@problemimentali]

Not new at all. All gaming consoles sell at loss

[@Kaloi5150]

TOFU cars lmao😂😂😂😂

[@jmchng9662]

Tofu cars? Just check what Ford's two top guys were saying after testing one EV in China.....

[@lance8080]

@@jmchng9662 crap 🇨🇳

[@lance8080]

@huaweifanman2024 stolen and copied 🇨🇳

[@jmchng9662]

Haters love to call any Chinese product as "tofu" and / or cheap crap. If they really are that bad, please explain why your US master is running scared so much so it has to keep sabotaging or sanctioning them?

[@bluntandtactless2680]

I had made in china garbage bins, they lasted more than 3 months!! fantastic!! very durable!

[@min57822li]

What goes up must come down. China got 4 decades of rising. Not bottom yet.

[@jannejohansson3383]

And their nasty stuff without any shame fooled everyone.. (at the time, buyers were those "stupid one's"). Now they won't print "Made in China" anymore, anywhere.

[@kryts27]

I always wondered how a phone maker makes cars as well. This is the "winning" CCP business model, and exposes the nexus between the government and so-called "independent" Chinese corporations. Expensive "Potemkin" business models (with poor built quality) for immuture nationalist sentiment consumption. Just like the High Speed trains. No attempt at innovation and new technology innovation. All EVs (including Tesla) will be in museums of transport oddities soon.

[@ericgregori]

People don’t just want an EV; they want a Tesla. Tesla Model Y Was the World’s Best-Selling Car in 2023. Tesla Model Y has a real shot at becoming the best-selling passenger vehicle of 2024 in the US. Only the Toyota Rav4 stands in its way. The Tesla Model Y is the best-selling battery electric vehicle (BEV) in China, with 298,384 units sold in the first seven months of 2024. The BYD Seagull was the second best-selling BEV in China during that time, with 227,293 units sold.

[@bpd9660]

Nah.. Tesla is old tech...

[@BillionairesArentYourFriends]

We want HYBRIDS!!! It's too early for full blown EVs all over the market. You can't sublimate technology. Gas engines are highly developed over a century. EVs are a few decades old. There's no reason to not combine the pros of both to minimize the cons. But nope, all electric or go home. Or don't, if you forgot to charge.

[@NoovGuyMC]

​@@bpd9660wdym Nah, look at the numeric values lol

[@amelierenoncule]

The populace should never have abandoned the rickshaw. Now, THIS is what they get...silly rabbits.

[@door1479]

LMAO SILLY RABBITS

[@SteveW-lb2hc]

I cant help noticing that all the Chinese electric cars look the same?, bland and uninspiring, I think if you took the badges off them and ask people to identify the model and maker, people would really struggle, they need some inspiring designers to make something appealing and different, frankly they're just boring.

[@sir.bananasplit]

cheap copy strategy. when they have no creativity and innovation thats what u do. can only make an inferior copy of others. thank ccp for that

[@Qingeaton]

I'll just say this. Individuals in China ARE brilliant and creative, but the group as a whole grew up conforming. Making something work physically is much easier to teach than how to form something that looks like the next thing they've never seen.

[@thedeadbatterydepot]

Lol, sold at a lost, why would other people care 😂 just ask for more printed money with more of the same serial numbers from your emperor. Your money isn't worth the paper it's printed on.

[@OnYourSquare]

Selling at a loss is common. Part and manufacturing cost eventually lower. It's what Sony did with the PS3 & PS4. Secondly, they make it up in service, repairs and additional fees.

[@Ziegfried82]

@@OnYourSquare that strategy is risky and does not always pay off. If you don't get the volume in sales you're done.

[@thedeadbatterydepot]

@@OnYourSquare did you watch the video? Sony doesn't make cars, Sony is Japan company. This video talks about traditional dealership sales mode has collapsed, all are failing or left already. No... making cars is not like the making video game consoles. And false advertising in china, the price is advertised to do the 802km, for that one new electric car, but you have to buy a bigger battery, for extra money. And that battery will be dead in 10 years guaranteed. Gas Cars from 1980's still run and start, with a new $300 battery. Selling at a loss is death for any company, dieing companies are common. How long do you think it's common for? Until the company goes bankrupt? The China Emperor will just give those companies more and more worthless money.

[@OnYourSquare]

@@thedeadbatterydepot The first 5 minutes are about Huawei losing money in each car sold. -I said: "Selling at a loss is a very common strategy. Production cost may be high for a number of reasons. But over time, the costs of part and manufacturing drops" -That is the strategy that Sony used with the PS3. That is also the strategy that FORD another car company ALSO USES!! The strategy is very common in business. Now respond to what I ACTUALLY said.

[@thedeadbatterydepot]

@@OnYourSquare at 5:17 says how well the Ford and old dealership sales model is doing. Why I say, you didn't watch the video. What did Ford do to fix selling at a lose, left china. I asked you how long do you think a company can sell at a loss for. Can you tell me what "software products" was sold to offset sales for Ford and old dealerships sales model......... none, to the tune of over 20 billion dollars. Can you see the old ford logo shadow, on the building in the background, taken down when ford left. No, costs over time do not become less, why do you think new cars are more expensive then old cars? You compare apples to oranges, totally different industries. Tesla is crushing it for sales, the vehicle markets are only so big, this video says the stats, for direct buying vs dealership buying. What software does Tesla sell? To offset costs? You grab at nothing, dealerships sales are dead, because no one is going to the physical stores. Now do you understand what this video is saying. Dealerships mark up the price, Ford doesn't sell direct to the customer, your example of Sony, Sony sells to a vendor, that vendor sells the software at a markup to the customer. You can't use Sony as a example because Sony doesn't make any vehicles. Think outside of your square, because your square logic has a hole, and your examples leaked out the bottom. How far in math and science did you get in school? This video is beyond your education level to comprehend, no offense.

[@Ricer-b4n]

Now huawei copying Ford, losing thousands on every vehicle sold.

[@OnYourSquare]

That's an idiotic comment. Selling at a loss is the strategy. Eventually manufacturing and parts cost drop! They'll be making this car for years. So year 1 & 2, they may lose $4k But by year 3 or 4 they may make $7k. Secondly they are paid from service and repairs.

[@jmchng9662]

Talking about Ford, recently its CEO and CFO took a drive in a Chinese EV. They were apparently shocked and impressed by the quality of the Chinese EV. What they said about it reveals a lot about the state of the US auto industry.

[@Ricer-b4n]

@OnYourSquare You've just confirmed that your post is the most idiotic I've ever seen. We all already know that huawei is using the typical chinese tactics of intentionally losing money on every thing they sell until they drive the competition out of business, its already a race to the bottom in china for chinese EVs. Everybody is losing, nobody is winning. Dont you pay attention to the news? Whichever chinese maker survive this stupid tactic can jack up the price when the consumers no longer have a choice. That's how Huawei plans to get their money back. But will they even have any money left? Fisher, Faraday future, Lucid, Rivian, Vinfast, and a few other have either gone bankrupt or is about to. RIvian has Jeff bezos to bail them out. Lucid also has the backing of the Saudis. Is the CCP still subsidizing Huawei? If they do. Huawei may survive. However, chinese labors and parts aren't getting cheaper, they're getting more expensive since chinese workers are no longer accepting slave labor rates and the cost of everything in cbina is going up. Many of the worlds biggest corporations are decoupling from china. Many chinese people are out of work. The africans are also charging more to mine the raw materials used in the batteries. It aint looking good for huawei. Tesla is the only EV maker making profits cuz they've already thought everything thru and planned ahead because they're an innovator, not a copycat. Plus, they're selling self driving tech for over $12,000 per vehicle. It's just softwares, so there's no extra cost to them. But its extra $12,000 profit per vehicle sold with this option. Huawei and all chinese makers have nothing to counter. And even if they did, nobody in their right mind would pay extra for unproven inferior self driving tech. This is why chinese EV manufacturers want to go to mexico where labor is cheaper and also take advantage of NAFTA. But that ain't going to work cuz Trump already told them he'll tariff them 100%. Huawei better come up with a different strategy if it wants to survive.

[@Ricer-b4n]

@jmchng9662 Ford and alot of other foreign brands taught the chinese how to make vehicles. So there better be some decent vehicles made in china. Otherwise it says alot more about the chinese EV makers. Plus, Fords CEO never got to drive any of them. If he did, he'll know the chinese cars still has a long way to go in structural integritty, safety, suspension tuning, NVH, refinement, etc etc. Buick and VW were number 1 in china for decades. Today's Fords and GM are way better vehicles than before. Dont forget, Chinese makers couldn't compete making ICE vehicles, so they decide to jump to straight to EV and copy Tesla instead. And with the govt banning all ICE vehicles soon, the foreign brands that make ICE vehicles are pretty much dead in china. Even with massive govt. Subsidies to help the chinese makers out, Tesla is still outselling them in their home market. But more important, Teslas cost alot more than the cheap stuff BYD sells.

[@jmchng9662]

@@Ricer-b4n , They tested driving a Chinese EV in China and were left shocked. It was all in recent news reports.

[@janetong4087]

ALWAYS COPYCAT.

[@janetong4087]

@huaweifanman2024 ALWAYS COPYCAT.

[@junkscience6397]

@huaweifanman2024 LOL Look at this clown. So Stanned by Huawei, they use it their name?! LOL. Now tell us how Huawei STOLE the dual screen fold phone tech from South Korea. Huawei is such a RUBBISH JOKE of a company!

[@Dondondon-bobogaga]

The truth is…. Huawei built their fame in spyware and copycat. The solidified memory structure won’t be changed, no matter Chinese people try to confronting us. 😂

[@dcc70]

If you're a patriotic Chinese, don't buy Huawei cars, or you might be contributing to the downfall of a beloved national brand.

[@kamsunleong6648]

Sure. Buy BMW then. They just recalled 1.5 million of their cars to fix their faulty braking system.

[@what-tk9cc]

@@kamsunleong6648 at least it doesn't goes to flame or just explode.

[@door1479]

​@kamsunleong6648 at least they recall to fix it. No such thing for CCP cars.

[@tigersugar1995]

@@kamsunleong6648are you a mainlander?

[@jmchng9662]

​@@tigersugar1995, Hey kid, remember this....not all posters who refused to join your anti-China bandwagon must be from that country.

[@levizinzendorf5396]

if you can't beat em ban em

[@junkscience6397]

If you can't make it, steal it. LOL. That surely fits China to a glove! Also: Look up "Dumping" under the LAWS of the WTO that China SIGNED and is REQUIRED to not engage in, then get back to us, Cleetus. You sort of forgot to mention that part, LOL.

[@OffendingTheOffendable]

No way the CCP would let the golden child fail

[@kalutah]

they really think a company without experience making cars would be making alot of money

[@Olav3D]

My boss got a brand new Polestar car made in China yesterday, and today he had to call their customer service due to the screen not working anymore lol

[@jast3641]

It's s national day of China. Viva China from France...

[@luisponceart]

Maybe there's a reason why Apple never released it's concept car

[@stlouisix3]

The Mainland Chinese economy is collapsing whilst the People's Liberation Army gradually grows and strengthens.

[@stlouisix3]

The collapse of the Chinese economy will pick up!

[@kamsunleong6648]

Very true. Collapsing since the nineties, according to many Chinese experts. Like yourself. It's a very, very, very slow collapse. Be patient, it's happening.

[@stevepailet8258]

Question if you buy a chinese car and the maker goes out of business Which seems to be happening at a fair clip where are you going to get service and parts.. Think this is going to be the beginning of many bricks that just need to be recycled but instead will just be filling up giant fields with cars that are totally dead

[@midimusicforever]

Huawei makes crap.

[@janetong4087]

@@midimusicforever 💯 agreed 👍

[@junkscience6397]

@huaweifanman2024 ABSOLUTE CRAP.

[@Qingeaton]

The tech guys will tell you this. They can site all the numbers to prove it. If the Chinese are happy with it, I'm happy for them. The guy I watched said the dang thing was preloaded with ad software that drove him nuts. He said he just wanted a phone, not some roving billboard in his pocket. He got someone to disable it, but dang...really?

[@wayangkulit2890]

Great 👍🏻

[@RatTerminator]

Theyll make it up in volume😂

[@davidtinghuongying7213]

BYD cars is still the top seller in China

[@kitatit]

How much are they losing on the trifold phones that break within days?

[@RatTerminator]

Didnt know they made Tofu cars?!😂 🇺🇲

[@vincenttay2812]

O they make tofu rat terminator as well😅

[@digitalscott256]

138,000,000,000 Yuan = 19,617,873,000 USD - I find this number hard to believe. Even with the GDP of the USA, we could not absorb these kind of losses. Where I do not disbelive they are taking a loss, these numbers do not stack up.

[@JeffTedNugent]

Junk cars prone to lighting themselves on fire.

[@silverbird425]

Get money from CCP for manufacturing electric cars a phone manufacturer makes a car. What could go wrong?

[@randomkitty2555]

Thier naming schemes for the cars is just hilarious. Pro, Max and Ultra.

[@TGWazoo1]

Isn’t the purpose of government subsidies to allow selling at a loss?

[@Kaloi5150]

I'm more of a Tesla n Samsung type of guy

[@door1479]

Still driving the17 yo Hilux

[@patrickt49]

I'm a Samsung, Honda guy myself. Never changing to anything else...maybe a Toyota. But I will never buy Chinese garbage.

[@Kampfgruppe9260]

When most Chinese EV go bankrupt due to internal low price competition, major companies such as Hyundai and Toyota will enter the market.

[@stoveguy2133]

They make it up in volume. Haha

[@Poo0fi]

Pro, Max, and Ultra?! Can't even be original enough to make up car model names. 🙄

[@DeadDancers]

I kind of don’t understand the fuss over dealership losses. Cars aren’t groceries. They won’t go off so quickly. Stock can be maintained under cover, sale locations reduced and just wait out the slump. Maybe electric cars are higher risk due to battery deterioration… but the rest are only at risk of getting dusty and unfashionable.

[@adr2t]

Another evergrand is about to happen soon for their auto. Giving free money out sounds good on paper, but when they make use of that money to try and cut others out - its just hurts everyone long term.

[@tanpengjoo7205]

Don't look at the cover of a book .Huawei cars, oppo cars, Mi cars, vivo cars, poo cars the lists goes on but can they meet the basic safety requirements set by European auto standards.

[@tigersugar1995]

Chinese cars don’t have a great reputation globally.

[@thesoundoflife3128]

Selling at a loss for a new car models during the first few years is quite common. Assuming the factory and workforce is already established, the R&D, tooling, marketing and distribution cost will be absorbed.

[@OffendingTheOffendable]

The Yugo was of better quality

[@vanborne5280]

The Ford CEO loves them.

[@junkscience6397]

@@vanborne5280 Have you seen Ford's balance sheet? LOL Citing the CEO like he's Henry Ford is rather daft...they dude's BLEEDING money, yet you value his every syllable, LOL. How gullible Chinese are!

[@vanborne5280]

@junkscience6397 Have you seen the balance sheets of the Chinese EV makers? Subsidies at every level of the supply chain and still a sea of red. The entire automotive sector is a sea of red. The Chinese 'new energy' market is eating it's self.

[@seriously6331]

Losing money on cars is very common. Rivian, loses $39k for every vehicle delivered. Tesla lost tens of thousands on their cars until they became profitable. It’s called economies of scale.

[@JumpRecapped]

The museum must purchase this car along with the mate xt.

[@shanewilfon6860]

Tofu cars 😂

[@jmchng9662]

If they are tofu cars, they won't be selling. So why the US and gang still have to impose heavy tariffs on them? Unless you mean to say the American & European manufacturers are making even worse tofu cars? 😂😂😂

[@robertomartinez2717]

Temu cars😂

[@door1479]

​@@jmchng9662government subsidies create unfair markets

[@tigersugar1995]

⁠@@jmchng9662are you from West Taiwan if I may ask?

[@jmchng9662]

@@tigersugar1995 , All the Geography lessons I had learnt during my school days including the internet knowledge I have scrolled thru during recent times, never shown any country by the name "West Taiwan". Which means you need to go back to school, kid.

[@kobolds638]

is that number before or after subsidize ?

[@Evangelion543]

I remember that one Black dude that advertised a BYD SUV; stating its "high-tech" with improved performance. However, reality being it sucks and is tofu dreg. Dude got paid to sell a lie.

[@jmchng9662]

If they are indeed tofu dreg, tell me why your white countries are still so scared that they have to impose heavy tariffs including sanctioning them?

[@gf5617]

[@YouAreTheLivingEnd]

I've seen some delusional, idiotic and clueless comments in my time.... But this thread here is absolutely top 5.

[@sweetharmonies]

nice tofu cars 😂

[@jmchng9662]

No matter how nice they are, if they are indeed tofu cars, they won't be able to sell. Right? So how come the west is imposing heavy tariffs on them?

[@door1479]

​@@jmchng9662To counter Tarifs

[@junkscience6397]

@@jmchng9662 LOL Plenty of Chinese dupes were fooled into buying "property" that turned out to be TOFU. How did so many Chinese get DUPED so easily? LOL. LOL!!

[@BeEhUmBLe7945]

That look like TESLA and JAGUAR....front end is TESLA and rear end is JAGUAR....NO ORIGINALITY, they should give me one for REVIEW, shipping is free!!!! hahahaha WHAT A JOKE💩

[@arthurfleck1554]

Look, tofu-dregg, as far as the eye can see!

[@Mr.Rocky20]

Quality is important other than Quantity

[@maemilev]

Hopefully 3D house printing in china can increase and become powerhouse for cheap houses.

[@door1479]

Multi story tofu 3d printed sounds scary What will they do with the millions of unfinished and falling down units they already have?

[@aaroncapricorn5867]

Huawei and BYD to Volkwagon - hold my tsingtao

[@GameFuMaster]

I honestly don't understand how car manufacturers make money selling cars every year. Like, I only change cars once every 10 years. Or are people trading in old cars every 2-3 years and then buying a new one?

[@gatnilab]

They look like Hyundai and Kia's Korean cars don't tell me they stole the blueprint from them?

[@DirtMerchant101]

When your cars sound like iPhone skus…

[@anarkitty0]

0:40 most money goes into development and setting up production, once production is going the money is already lost. Even selling at a loss is decreasing the total amount lost at that point.

[@herticate8579]

Lets put this into perspective, this is a big nation, bigger than everyone else, and just behind India in population. How tf are their new cars selling less than 10 000 units?! meaning 10 000 of the entire Chinese population buys the new car every month! And remember China's population is over 1.4 billion in population. This is prime comedy at its finest.

[@vanborne5280]

But they're not trying to dump in the EU or the USA.

[@bcluett1697]

I would say almost all automakers lose on the base models. Dealers almost never get base models cause they only need to sell the bare minimum of those. They won't even bring in customized cars a lot of the time and their cars have all kinds of shiny plastic garbage, noisemakers, and fake chrome paint to upsell the things to make money. I don't mind he's just being honest. Stellantis did the same some years ago. I would care far more about reliability in that market.

[@bcluett1697]

I will add that China seems to be going through the sort of thing 10x that America went through with smaller brands continuosly popping up and stealing people's attention with innovations. This is why the big 3 bought up all the technology and gatekept the others. In China they don't have that to worry about so anyone can continue to challenge as long as they can raise money. It's crazy but it's an interesting time in automotive history for them. Hopefully the best companies will rise to the top and Chinese consumers seem to be smart in their purchases when it comes to vehicles that need to last and have value for the money.

[@shanebehling4552]

For those who don’t know how much 138 billion yuan is it’s about $3.58.

[@thehardmethod]

If loosing while selling, can imagine the post-service problems for owners, especially the price and spare parts. It's like to buy a 3 legged animal

[@Dwarficus]

Ah, people see 47% of cars manufactured being sold, I see spare vehicles for when your electric vehicle burns itself down to the ground.

[@nickmalone3143]

Waiting for the EV fires...always the fires

[@harleyyunam5053]

The west has been trying so hard to put down huawei but they’re still there , thriving, improving. Try harder chinaobserver

[@Jaysqualityparts]

Backed by the CCP. Take away the subsidy and they’ll close tomorrow.

[@junkscience6397]

We're laughing at your stupid "Tri fold" phones (with only two folds) and loss-making cars. Huawei is pathetic. But then again, so is China. The inferiority complex on what only a generation ago were unwashed peasants is off the charts!

[@fabianeng8605]

There are too many EV players in China. Some EV players should exit the EV market so that the others could survive. Those that lost a lot should exit and focus on their strength. That way most relevant companies would post profits in subsequent years.

[@crazyidiot5309]

If that were made by any reputable brand with C/S and warranty I'd buy one in a split second. They're very good looking, but sadly that's about it.

[@Lfancoes]

I a company saying that they lost money on sale I am sure they have a plan to get more money from the consumer when they have the products For example if its electric smart car, it can be from subscription, Service or parts and maybe insurance This's just a way for them to get sympathy or trick costumer that they got something expensive for a lower cost

[@wheezysqueezebox7651]

Selling at a loss... the more you sell, the more you lose... Just get out of the market!

[@robinbockman7247]

Like Lucid and Rivian and legacy Auto EV's

[@Qingeaton]

China had a good thing going, but the leadership squandered it. I feel bad for the people

[@cenationofjnu]

Chinese companies don't need to produce more. They need to produce quality products like Japan. Chinese products have lost faith. And if they really have so many quality cars then export them to India. Here, people are buying small old model trash cars at the price of a big car due to the demand.

[@RacerX1971]

I would buy a Chinese EV but have wiered names. Such a major turn off😂😂

[@kf6pfk]

A car should last 10 years. How many Huawei will be around in 10 years. All they make is an expensive landfill.

[@khalilkamarulbaharin404]

Sack the Chairman...

[@JimmyPestoPete]

I wonder if Huawei will sell cars with pay-to-play features, like a subscription service for heated car seats or GPS navigation with pop-up ads!

[@sebast3yoramos762]

At this point at least copy the ,flint stone cars it could work 😊

[@stanleysarjali8108]

The patriotic cash you pay for a mediocre copy from an inexperienced company is called idiot tax

[@alibaba855]

Are these the cars based on the stolen Porsche designs?

[@stevil.]

Huawei have produced some of the finest quality products in the world over the last decade and this vehicle is so far ahead of anything that is being produced in the rest of the world. It makes me sad when I see this company being insulted in such a way through jealousy And pathetic propaganda! What the Chinese people and government have achieved in the last 35 years is the greatest economic miracle of all time, and that it has been ignored by the west just goes to prove how little people are being shown from what’s really going on in the world?, And this car is so far superior to any Tesla on the road longer range better quality you should be ashamed of yourself posting such garbage.

[@junkscience6397]

Clown comment! LOL. Thanks for the laugh.

[@stevil.]

@@junkscience6397 Yes I may be , but when was your last trip to China? When was the last time you drove a Chinese manufactured car? You see on a recent trip through China I was fortunate enough to drive several of their new cars and SUVs even a few motorcycles and unlike most people who believe the propaganda I have been there and done that I own a Tesla but also a Chevy diesel dually I ride a Harley and a Yamaha, but we have lost our way and the quality and the prices of these vehicles in China is far superior and more affordable. Why the hell do you think you’re wearing Levi’s made in Guangdong, so maybe it was a clown comment or maybe it was the truth and you just don’t like it

[@t.r.campbell6585]

Every day we hear more and more good news out of China. This latest failure is more good news.

[@Powerful3258]

Huawei don't made the EV company called aito is the manufacturer they use Huawei driving assistant chip and upgradable software and use the name to sell more car so get your china propaganda facts right before posting garbage.😊

[@junkscience6397]

So it's Huawei tech, Huawei name...but it's not Huawei? RIiiiiight. Whatever you say, bot.

[@blakespower]

china heavily subsidizes their auto market. the reason they can do that is because everyone keeps buying stuff from China start buying stuff from other countries Southeast Asia can easily make up for Chinas manufacturing and if they dont we have India to exploit. I mean buy stuff from

[@lorenzo575]

Pro max ultra ? My guy couldn’t even make a better name 😅

[@Puiz4Life]

Sony sell playstation at a loss but gain back in every game sold and gain market capitalization. So should have more details than what is mentioned.