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World News@lemmy.worldEnglish · 3 days ago

The world's carmakers are struggling to compete with China

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The world's carmakers are struggling to compete with China

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World News@lemmy.worldEnglish · 3 days ago

cross-posted to:
technology@lemmy.ml

The BBC visited China’s EV factories and found they are dominating the ecosystems shaping the global auto industry.

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AA5B@lemmy.world
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2 days ago

It’s an underhanded tactic

It’s a normal tactic
- boonhet@sopuli.xyz
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  19 hours ago
  Then why does nobody else do it? Why doesn’t Germany pay their manufacturers for every car built?
  
  Nobody except for the world’s biggest economy can afford to literally subsidize manufacturing of luxury goods for overseas markets.
  - AA5B@lemmy.world
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    15 hours ago
    https://www.gtai.de/en/invest/investment-guide/incentive-programs-in-germany
    
    https://www.bundesbank.de/resource/blob/706050/925ab0ad3bac1c21abdf12909087f483/mL/2000-12-subsidy-trends-data.pdf
    
    For the us, there was a combination of
    
    lots of research support
    
    loans and grants to retool factories
    
    developing a stable market through consumer incentives
    
    growing the market by investing in high speed charging along highways

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