China Has Whole Towns Focused on Making Electric Cars

Re:China Has Whole Towns Focused on Making Electric Cars by jbay808 on Monday June 03, 2019 @06:44PM (#20089748)

Is there something wrong with betting based on a calculated risk?

VCs do it all the time, why can't a government do it?

[ Parent | on HN ]

Re:China Has Whole Towns Focused on Making Electric Cars by raxxorrax on Tuesday June 04, 2019 @07:50AM (#20094051)

VCs are able to swallow the result of a failure. The government probably can too, but not the city itself.

Not saying this strategy is bad, but it will inevitably end up like deserted coal cities if the industry is too mono-cultural.

[ Parent | on HN ]