this post was submitted on 10 May 2024
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I’m frankly getting pretty goddamn annoyed at all the people who relentlessly fail to understand that the PRC is heavily subsidizing production of basically all of their EVs in the interest of undercutting literally all other countries that are (or are trying to) produce EVs.
By all means, research what I’m saying here to confirm its veracity - in fact I encourage you to. This is economic warfare, plain and simple.
EVE Online taught me this lesson. Those with the resources to do so will take a loss to price you out of the market, because they know you can’t take the losses nearly as long as they can.
And that’s precisely what’s happening here. A car manufacturer with a whole-ass government subsidizing it is going to be able to operate just fine at a loss pretty much indefinitely, whereas a normal car manufacturer would sooner or later simply go bankrupt (pointedly ignoring the whole “too big to fail” idiocy, which to be honest, while similar, isn’t quite the same thing).