Technology
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That's catchy, but not entirely true.
China heavily subsidizes EV manufacturers (and production in general), plus they have cheaper environmental and labour standards... it's not like there's a fair market EU companies can compete in without some sort of handicap.
PS: Yes, "western" countries have been playing along with China's deliberate long term strategy with full awareness of where it would lead, but that's another story that is both much older and has a much broader scope than the EV industry.
...
then talk about subsidies or non capitalist country controlling the currency, markets, VCs, etc.
What does that even mean?
I did… that was the part about extracting value from a dying industry.