It is, but as the article mentions some manufacturers are making a loss of 35k per car.
If those cars are then sold for 5k less than the US/EU/Japanese equivalent, despite lower wages and environmental standards, you have to ask yourself questions.
Hyperreality
joined 2 years ago
Chinese EVs are being sold at a loss of up to 35k per car:
https://www.nytimes.com/2023/10/05/business/nio-china-electric-vehicles.html
The Chinese government is subsidising their car industry, so they can engage in dumping, and decimate our car industries. When our domestic car industries are dead, they'll raise prices. It's like Amazon or any other scummy megacorp that kills local businesses.
This being said, it's hard to feel sorry for companies who also receive plenty of government subsidies and tax breaks, broke the law on emissions testing and likely killed a lot of people because of it, and refused to innovate or lower prices out of sheer greed.
Chinese manufacturers are being heavily subsidised and even making a loss on their cars.
They're trying to kill off our domestic car industries.
Fun fact: the US spends more on healthcare per capita than any other high income country.
That means the US could spend less on healthcare, spend all that money on defense, and still have better healthcare than you do now.
It's a bit like brexit. UK politicians found it useful to blame foreign governments and the EU, as it helped distract from domestic corruption and profiteering.
And even if populists weren't a problem, Europe has been underinvesting in defense for decades, so is finding it hard to deliver on its promises.
All politics is local.
This isn't about Israel. It's about the coming elections.
Why would you willingly forfeit plausible deniability?
The problem of course, is that it simply isn't enough.
Germany may be doing more than others, in fact doing much more, but that's not enough for Ukraine to win.
Government support to Ukraine: Military aid, € billion
Commitments Jan. 24, 2022 to Oct. 31, 2023.
Military aid committed by United States: 43.9 billion €
Military aid committed by Germany: 17.1 billion €
Military aid committed by United Kingdom: 6.6 billion €
https://www.ifw-kiel.de/topics/war-against-ukraine/ukraine-support-tracker/
He lied about his firstborn dying in his arms.
https://www.independent.co.uk/news/world/americas/justine-musk-elon-musk-dying-son-b2234938.html