Its ridiculous for western governments to make the argument China subsidizes EVs, hence tariffs. BYD's exports sell for twice the China price[1]. Legacy US/European car manufacturers are simply uncompetitive, living on govt protection, welfare and bailouts. Ford loses 100K on every EV[2], BYD makes cars dirt cheap and is profitable in China, insanely profitable when it exports. China lets car companies compete and evolve, with the understanding that a lot will fail, but the best ones survive.
...when it includes all the startup expenses needed for a new type of vehicle
https://www.bloomberg.com/opinion/articles/2024-05-11/us-car...