3 ms·
If by heavy subsidies you mean - encouraging internal competition, securing cheap energy and educating thousands of engineers then yes, Chinese cars are subsidi
by chewz 2mo ago
If by heavy subsidies you mean - encouraging internal competition, securing cheap energy and educating thousands of engineers then yes, Chinese cars are subsidized.
If by heavy subsidies you mean pocketing 150 billions of dollars from EU R&D budget for innovation that have never happened then no, Chinese cars manufacturers are not subsidized.
- illiac786 2mo agoI‘m interested in reading about the 150 billions. Do you have a good source?
- chewz 2mo agohttps://www.mckinsey.com.br/features/mckinsey-center-for-future-mobility/our-insights/a-new-era-an-action-plan-for-the-european-automotive-industry https://www.mckinsey.com.br/features/mckinsey-center-for-fut...
- illiac786 2mo ago> European OEMs and major suppliers have spent nearly €150 billion annually,12 split roughly equally between R&D and capital investments. Really not what the previous comment said.