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China is imposing a government mandate on its car industry. It is a top-down solution that is reminiscence of the Soviet Union. If you actually looked closely, you'll that there is a mountain of question businesses tried to extract subsidies from the government.

In reality, China's BEV strategy is going to be disrupted and will be wiped out. It is pursuing a dead end technology that few people want. It will only take a zero emissions technology that costs a lot less to finish off their BEV strategy.