this post was submitted on 26 Sep 2023
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This article is very biased.
Chinese cars are in no way a threat to Volkswagen and especially not a life or death situation.
They are cheap and they are many. That's it. Tesla and other carmakers did EVs slow and steady and china subsidized like hell and is trying to flood markets.
Just like every other easy to build technology. Find thing, make thing flood market with cheap versions and less cost.
Isn't cheap and many of a ~~good~~ less bad thing exactly what you'd want? As a consumer.
Of course. I would love to have my car but spend way less. Bur i think it would be very bad for the economy if this all is because the CCP actively subsidizes cars to export at cheap prices.
Same reason why donating old clothes to african countries sucks. Because it destroys their local production of those goods. German cars would be banned by the CCP if we subsidized them and somd them at a loss in china with the goal of destroying their own automobile market.
You think other countries don't subsidize their industries for competition? Lol
Welcome to the real world kiddo
We also put import tariffs on other things that are being aggressively subsized. Welcome to regular economy.