China has subsidized the shit out of their car industry. Dumping trillions of renminbi across every vertical and then ramping up production to flood every market with a deluge of cheap EVs will do that.To their credit they are also willing to let bad car companies die and the good ones take their place.

Not that we couldn’t have done the same but the people elected a party which has a walking orange disaster of a president into power and they are doing their very best to hand the future to the Chinese.

[–] daychilde@lemmy.world 7 points 2 days ago (2 children)

So basically China is winning this particular war because they're doing it smartly.

[–] Felis_Catus_Domesticus@lemmy.world 7 points 2 days ago (1 children)

China tends to take a 1000 year perspective on things..

In the west we can hardly think 3 months ahead of the present moment.

[–] ammonium@lemmy.world 1 points 2 days ago

But they also tend to push forward with a decisions long after it's clear there needs to be a change, only to drastically turn the wheel from one day to the other. For example the one child policy and zero covid.

[–] Dead_or_Alive@lemmy.world 1 points 2 days ago

Well aside from the crippling debt their strategy seems sound.