this post was submitted on 20 Feb 2024
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Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla (finance.yahoo.com)
submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla::The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”

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[–] ShepherdPie@midwest.social 2 points 8 months ago (1 children)

Yes it is bad when those subsidies reduce the price of the car (or any other product) to half of what the competition is charging. This puts the competition out of business and gives consumers less options. Once the competition is gone, the price shoots up past what it would be initially because we have no other option. They've done this countless times in many industries.

[–] LightDelaBlue@lemmy.world 1 points 8 months ago

They just use the same weapon as the conçurency so . Tbf money need be spend in city made for human not cars but it's a other story .