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Do you have any sources for the subsidies given to chinese car makers? On my cynical side I think the EU car makers have a huge leverage on the local manufactu
by mtrovo 2y ago
Do you have any sources for the subsidies given to chinese car makers?
On my cynical side I think the EU car makers have a huge leverage on the local manufacturing jobs and in consequence the public opinion. That can result in them bending laws to whatever they want (see the consequences for the dieselgate in EU so far). It's easy to not want to compete when you don't need to.
Even if you assume the argument for JV being bad for business is valid, why only bring that up now that they're against the wall on their own local market?
- daghamm 2y agoThe Chinese "companies" are all controlled by the goverment. CCP invests in different areas to advance their 25-50 year long term plans. We have seen many examples of a small Chinese company suddenly shelling out billions to buy a much larger competitor. Where do you think that money came from??