• BigTwerp@feddit.uk
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    8 days ago

    Right now BYD are being so heavily subsidised by the Chinese government that they are imported into the US and Europe at less than production and shipping cost.

    Believe me when I say that as soon as they have enough market share they will be doing this, and because china are hyper-capitalist when it comes to exports it will be more intrusive and more inconvenient.

    • SaveTheTuaHawk@lemmy.ca
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      7 days ago

      Right now BYD are being so heavily subsidised by the Chinese government that they are imported into the US and Europe at less than production and shipping cost.

      Bullshit. US and European automakers are far more subsidized.

      • BigTwerp@feddit.uk
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        7 days ago

        Maybe educate yourself?

        European auto makers and not sbubsidised to the same extent and in fact most subsidies are illegal under EU trading rules. Even in domestic markets we have to pay tax on new EV purchases, typically 20 percent.

        Chinese government support of ev manufacturers has been massive and is contributing to their unsustainable national debt (that and building massive infrastructure that can’t be used because they are falling down).

        It’s well documented, here’s one of many articles:

        China signals it will pull plug on subsidies for EVs with five-year plan exclusion - https://www.reuters.com/business/autos-transportation/china-signals-it-will-pull-plug-subsidies-evs-with-five-year-plan-exclusion-2025-10-29/

        The CSIS research based on the business filings and Chinese government reports puts the subsidy at between 28 and 32 percent depending on the manufacturer and target market.

        https://www.csis.org/

        This is all part of China’s strategy to basically undercut the opposition for long enough that they will go bankrupt.

        What will happen when there is no competition? Well, you only have to look at the current prices of computer components for the answer to that.

    • Maeve@kbin.earth
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      8 days ago

      hyper-capitalist

      When you don’t know what a word means and are unaware it describes your country, not the country upon which you’re projecting.

      • BigTwerp@feddit.uk
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        8 days ago

        Is it the reading or the comprehension you are struggling with?

        Either way I’m sure when you finish school you will understand.