Some good information on Chinese state subsidies here. I also agree that European car makers have shot themselves in the foot by refusing to innovate and attempting to squeeze their customers.
It is not surprising that the EU and USA have moved to protect their car industries. China bet big on EVs, recognising their strategic oil weakness. The EU seemed oblivious to their own strategic weakness here while they pandered to the interests of big oil.
China deserves to win this one as they have played a great game while the rest of the world messed up.
https://www.intereconomics.eu/contents/year/2024/number/4/article/eu-concerns-about-chinese-subsidies-what-the-evidence-suggests.html
Some good information on Chinese state subsidies here. I also agree that European car makers have shot themselves in the foot by refusing to innovate and attempting to squeeze their customers.
It is not surprising that the EU and USA have moved to protect their car industries. China bet big on EVs, recognising their strategic oil weakness. The EU seemed oblivious to their own strategic weakness here while they pandered to the interests of big oil.
China deserves to win this one as they have played a great game while the rest of the world messed up.