The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to suppliers, from battery materials makers to chipmakers, to squeeze out costs and develop affordable EVs quicker than previously planned.
they have dropped subsidies, and the companies making terrible product, and those with unsustainable business models are collapsing… Weltmeister, Lepin… all defunct.
It depends on how it’s done. If the Chinese government is directly subsidizing the cheap cars then it’s a problem.
Kind of like the US subsidizing farmers and then dumping the cheap corn on other countries such that their local farmers go out of business.
That’s capitalism. You don’t get to complain because someone else gets a better deal.
China will always be able to produce cheaper products because the cost of living is lower there. But that is hardly a major revelation.
they have dropped subsidies, and the companies making terrible product, and those with unsustainable business models are collapsing… Weltmeister, Lepin… all defunct.