E. g. Chinese EV makers were selling at a loss (even with subsidies) until very recently this year and are struggling immensely now.
E. g. Chinese EV makers were selling at a loss (even with subsidies) until very recently this year and are struggling immensely now.
If you want to see a glimpse of this, look on youtube for materials on Chinese EV scooter rental business market.
European people could massively benefit from this Chinese competition. European business can't offer consumer similar deals because it's inefficient due to business-protectionist policies of Western governments. Instead of treating it as an impulse to step up, they provide more protectionism while the European consumers are not getting the value they could making Europe altogether poorer and less technologically advanced than it could be.
I can understand US fearmongering because they are in the process of losing the lead permanently and it shatters their entire national identity. But Europeans singing the same song is just silly. When someone is more advanced than you and offers you superior value for cheap you should buy all you can and learn all you can.