This isn’t competition, it sounds like the CCP heavily subsidises the manufacture, in an attempt to kill the American industry off.
Thinking in decades or centuries is a very powerful tool!
This isn’t competition, it sounds like the CCP heavily subsidises the manufacture
China: “Here, have a bunch of cheap electric vehicles to replace your aging fleet of ICE engines. Don’t worry, we’re picking up a part of the tab.”
Americans: “What a great deal! We’ll buy them in droves.”
State Government: “Not so fast! This wouldn’t be fair to honest, hard working domestic car companies like Tesla and Volvo and Toyota.”
Thinking in decades or centuries is a very powerful tool!
Shame we’re only capable of thinking about the next quarter’s profits.
There’s something very amusing about the nominally communist China beating the capitalist powerhouse USA at its own game.
Large professional centrally planned economies do a better job of managing scarce resources than a pack of ill-informed and uncoordinated Wall Street Lemmings.
The US subsidizes their EV industry twice as much as China. The real why China can do this is because the US has gutted their industrial base in favor of financialization while China built up their industrial base.
Yeah, sure - that’s still China trying to undercut and ensure the US remains reliant on them long term…
No that’s just the US not being competitive because stock buy backs and layoffs are easier than building good cheap cars.
