As they should have been in both cases. For most uses EV is superior, and this is the only way for Chinese manufacturers to meaningfully tackle the broader markets worldwide. You can’t compete with ICEs and hundreds of billions of dollars invested into that manufacturing capacity, supply chains, and know how. But you can entirely sidestep the whole thing. Which is what the Chinese are doing.
Re:How China Built BYD, Its Tesla Killer
by patientzero on Sunday February 18, 2024 @12:58PM
(#39421303)
Sounds like a Tesla killing recipe for the existing automotive industry.
It's not like Tesla's subsidies have been small, but BYD's have been enormous.