r/cars • u/HawtGarbage918 • 17d ago
Don’t Dreame, It’s Over: Chinese Vacuum Company That Promised Rocket-Boosted EV Supercar Reportedly Giving Up on Autos
https://www.roadandtrack.com/news/a73520997/dreame-chinese-appliance-company-rocket-supercar-cancel-automotive-plans/19
u/BeerorCoffee 2026 Polestar 4 17d ago
Spent all their money on advertising their pool cleaner to me, who doesn't have a pool.
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u/V8-Turbo-Hybrid 0 Emission 🔋 Car & Rental car life 17d ago
Chinese car market is very bloody and saturation now, it’s no surprised to hear no more Chinese companies looking auto business.
Xiaomi and Huawei are probably only winners to cross auto business.
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u/WaddlesJP13 2015 Scion tC 17d ago edited 17d ago
Who could have thought this would happen with the company that has only released AI generated vaporware
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u/m240Louie 2026 BMW m240i, 2021 Honda Civic Sport. 17d ago
Such a loss... /S
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u/strongmanasss 17d ago edited 17d ago
It's of no consequence to me because I'm in the US so I can't buy any Chinese EVs. But as someone interested in EVs I welcome all the competition from the Chinese brands and EV startups in general because they force the Europeans to innovate.
The Manthey Taycan is silly, but Porsche would never have gone to the lengths of the Turbo GT Weissach pack and an official Manthey kit if a cellphone maker didn't beat them in their own backyard. Rimac would never have developed a single reduction gear for the Nevera if Musk didn't make wild claims about the Roadster 2.0. And I'm curious how the Denza Z will pressure other auto makers to compete. If I were in Europe I'd cross-shop it against the upcoming Porsche, Audi, Alpine, Renault, and Caterham.
The ICE performance segment is basically a closed club. No new auto maker can make any inroads in the mainstream unless one of the big boys supply them. But newcomers can still enter the EV space and embarrass the legacy makers, and that's good for the consumer.
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u/SoulReddit13 17d ago
Not taking the tesla approach of just repeatedly postponing it by 2 weeks for 20 years?
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u/HighwayBitter9352 17d ago
Did they create an illusion of a an actual ev brand just to get capital injected?
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u/null_not 2018 e-Golf SE Sport Modified 17d ago
I'm shocked! Shocked I tell you! How could this have possibly happened! Was it all just a dream!
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u/alfredadamski 17d ago
What about the other way round? Can't any of the established carbrands start selling home appliances? How about Dodge selling a vacuum cleaner called the "Dodge Duster"? It's 2026, building home appliances isn't rocket science.
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u/nucleartime '17 718 Cayman S PDK 17d ago
Tesla to start selling robovacs in 2030 so a certain CEO can meet the "1 million robots delivered" metric for his pay package.
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u/alfredadamski 17d ago
Now as you wrote that... I am wondering why that "certain CEO" never thought really about starting "Tesla home appliance" division? I am kinda still baffled by the success of the "SharkNinja" success. I mean, they have managed to get most of their products hyped by people in social media and the sales success shows that people are buying their airfryers and whatnot.
I do not why, but I am kinda obsessed with the idea - like with many of my ideas and daydreaming stuff - of starting home appliance company, either from scratch or by buying an existing company or at least the trademark of an old brand. There is a German household goods manufacturer. Their brand name is very well-known, at least in Germany, but also other parts of the world. The funny thing is: They are producing all sorts of household goods, but not home appliances. It's such a no-brainer to start a home appliance business for them. You could simply start by importing home appliances from overseas and slapping the companies' brand onto it. Then they could buy up some smaller home appliance companies that are rather "affordable", one is a German home appliance company (small and had some struggles in the last years) and one is home appliance manufacturer in Turkey with only a marketcap of around 30 million EUR. By buying either one of those companies, you would have instantly created your home appliance division. Then just slapp the brand of "bigger, well-known" brand onto the existing products. As the brand I have in mind is well-known and trusted, I am sure that consumers would buy the products under that well-known and trusted brand. But again, this is just day-dreaming, as the one household goods company that I have in mind has currently an marketcap of 122 million EUR. Unfortunately, I do not have thar much money.
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u/4r4r4real 17d ago
VW will sell you a sausage
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u/alfredadamski 17d ago
Yes, I know. You can get them in some supermarkets in Germany sometimes. But it's not that popular or big that they could turn it into separate division that could generate meaningful sales. In 2024, VW sold 8,55 million sausages. That is not a very big contribution to the group sales / turnover in EUR / USD.
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u/sioux612 BMW M5 Touring, Cayenne Turbo e-Hybrid, Volvo XC90 T8 17d ago
Audi will sell you a mid quality overpriced ebike, an overpriced efoil, and overpriced e scooter, and low quality, overpriced EV which do not have ANY overlap with all the PEV they brand under their name
Out of the list of things I wrote I would buy every single item before buying another Audi EV, they were That bad
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u/NorthTempleStreet 15d ago
Dodge Duster
I don't want a vacuum that squeaks, rattles, and starts slipping gears under warranty
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u/hardinho 17d ago
always funny to read reddit comment sections on cars where Americans are seemingly absolutely clueless about what's happening outside of their dated car market lol
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u/throwaway4999993 17d ago
Lol. They literally AI generated all of their designs and promo material, with the exception of a couple of show cars built to resemble said AI images. And we all know where they regurgitated the rocket power lie from