EV companies haven't been directly subsidized in China since 2022. https://www.fastmarkets.com/insights/slowdown-in-china-ev-sales-expected/ https://www.fastma

EV companies haven't been directly subsidized in China since 2022. https://www.fastmarkets.com/insights/slowdown-in-china-ev-sales-expected/ https://www.fastmarkets.com/insights/slowdown-in-china-ev-sa... > As of January 1, 2023, OEMs in China are no longer offered financial subsidies for EV production https://insideevs.com/news/716063/china-ev-subsidies-byd-tesla-billions-study/ https://insideevs.com/news/716063/china-ev-subsidies-byd-tes... > China’s aid to domestic new energy vehicles amounted to roughly $5.6 billion until 2022 when the direct payments to manufacturers were phased out. China doesn't pay out any direct subsidies to their EV manufacturer. They only has a tax rebate for new EVs now- just like the USA $7500 tax rebate for EVs. And USA companies like Tesla can get that rebate in China as well, so the playing field in the Chinese market has been even since 2022. China has given a total of $5.6bil in subsidies over 13 years. Ford (by itself) has $36bil cash on hand in Q3 2024. Ford, by itself, can easily spend enough R&D money to match China. These are all numbers that anyone can read SEC filings to verify. Talking about "Chinese subsidies" is just pathetic whining and propaganda by western car companies, to cover up for their incompetent mismanagement when they can easily do it themselves. If you hear a car company whine about Chinese subsidies, that just means they want your tax dollars to pad their profits.