this post was submitted on 18 Jul 2026
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Mildly Interesting

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The US auto industry is in big trouble. China now makes 75 percent of all electric vehicles sold anywhere on earth. US automakers make around 5 percent. (www.nytimes.com)
submitted 3 days ago* (last edited 3 days ago) by Zaelaa@lemmy.zip to c/mildlyinteresting@lemmy.world
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[–] Folstar@lemmus.org 30 points 2 days ago (2 children)

US auto makers were too busy doing stock buybacks and building Canyoneros while the Chinese were building next gen factories and investing in battery technology. The Chinese government has subsidized their auto industry to dominate the EV market while the USA subsidizes their auto industry but with wild and often stupid swings in expectations.

[–] Polyphilic@lemmy.ca 7 points 2 days ago (1 children)

That may be true, but do Chinese EVs smell like steak and seat 35?

Didn't think so.

[–] EnsignWashout@startrek.website 6 points 2 days ago

Canyoneeerrrroooo!!!