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Can European carmakers stop China's electric behemoth BYD?
- juanani 3y ago[dead]
- simonblack 3y agohttps://archive.is/3NSAW https://archive.is/3NSAW
- simonblack 3y agoAs they strive to cut costs, European carmakers feel they are insufficiently supported by governments, whose decarbonisation policies have forced them to develop the battery vehicles at which China excels. Why do the European carmakers need to 'block' Chinese imports? Can't they compete enough on their own merits? Stupid European sanctions on cheaper Russian energy mean that the European manufacturers can no longer compete on cost. They are not long for this world.
- simonblack 3y agoI love the way that good economics gets down voted because it doesn't fit the zeitgeist. Old business saying: "Never let your ego get in the way of your cash flow." which is exactly what the sanctions on cheap energy did. Chinese manufacturers will now eat the European manufacturers for lunch. Couldn't happen to a nicer bunch of people.