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Post-Brexit watchdog ‘ready’ to investigate flood of cheaper Chinese electric cars
(www.theguardian.com)
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this post was submitted on 13 Feb 2024
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You said it in your first line... They're selling them at a loss to try and dominate the market.
Even if the government only think it's only anti-competitive when foreign companies do it, the truth is it's anti-competitive as fuck regardless... I'd much rather have both local and international producers producing things at a reasonable price and fair profit level than losing a bunch of money to dominate the market then taking huge profits later on but you do you I guess.
If it were me I'd also be wanting to know how many slave labourers are getting poisoned by toxic fumes to produce them, as while China is great in some respects, the work environment and culture is undeniably Victorian workhouse level.
There is no competition to be anti-competitive on the EV market. You can't tell me that a 40k+ EV from any manufacturer is remotely comparable to an 11k BYD. A 30k difference is not a competition it's a slaughter.
Anticompetitive practices don't exclusively crush existing competition though? It's even more prevelant in high start up cost industries that the anticompetitive practices are just shutting out competition before they even enter the market.
If you could sell EVs and break even at maybe 15k and someone else is already selling at a loss for 11k, you'd be wasting your time and money even starting R&D on one...