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Fear of cheap Chinese EVs spurs automaker dash for affordable cars (www.reuters.com)

submitted 9 months ago by boem@lemmy.world to c/technology@lemmy.world

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[–] Hyperreality@kbin.social 85 points 9 months ago* (last edited 9 months ago) (8 children)

Chinese EVs are being sold at a loss of up to 35k per car:

https://www.nytimes.com/2023/10/05/business/nio-china-electric-vehicles.html

The Chinese government is subsidising their car industry, so they can engage in dumping, and decimate our car industries. When our domestic car industries are dead, they'll raise prices. It's like Amazon or any other scummy megacorp that kills local businesses.

This being said, it's hard to feel sorry for companies who also receive plenty of government subsidies and tax breaks, broke the law on emissions testing and likely killed a lot of people because of it, and refused to innovate or lower prices out of sheer greed.