Dated take. China and BYD are doing a lot of things right that make this possible. A recent article showing how they're consolidating parts that passes the buck to consumers is a great example as to why they can sell 20% cheaper and still have higher margins.
Yes, but we're not talking about GM right now
No it's what happens when smart state intelligently subsidizes to bring down structural costs, while retarded state foolishly subsidizes to keep pork barrel jobs program going as legacy processes fall into uncompetitiveness. We had 30 years of PRC shock evidence now - everything PRC made cheap, remains cheap long after subsidies, because they structurally lower price floor vs western competition (generally) haven't.
subsidies is a very lazy argument, US subsidizes and protects even more and bails out car OEMs.
the real argument is efficiency, US cannot match efficiency and scale. Thats the root cause.
Yeah we can see that with Anthropic and OpenAI.
Is that why the US bans exports of EUV machines and Nvidia chips to China?
"They subsidize their industries. We protect local jobs." Totally different things.