I don’t know that they’re out to make money though. A lot of the Chinese manufacturers are now struggling due to the price war they instigated themselves. Huge production surplus but they pushed down the price so much they hardly make any money
Brand recognition is important, but it’s a dangerous game operating mostly on government subsidies. Once you have established low prices it’s hard to reverse it
I don’t know that they’re out to make money though. A lot of the Chinese manufacturers are now struggling due to the price war they instigated themselves. Huge production surplus but they pushed down the price so much they hardly make any money
I think a lot of it is also growing their market share and establishing their brand.
Brand recognition is important, but it’s a dangerous game operating mostly on government subsidies. Once you have established low prices it’s hard to reverse it