this post was submitted on 07 Dec 2024
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Summary

China has become the world’s largest car exporter by dominating electric vehicle (EV) production, surpassing traditional carmakers in Europe, Japan, and the U.S.

This shift stems from China’s heavy investment in battery technology, supply chains, and generous subsidies, enabling it to produce cheaper EVs, like the BYD Seal, compared to Western competitors.

Europe and America, reliant on outdated internal combustion engine expertise, have struggled to adapt to this disruptive innovation.

Many nations are imposing tariffs on Chinese EVs, but without robust domestic battery infrastructure, Western car industries face mounting challenges as the EV transition accelerates.

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[–] Viking_Hippie@lemmy.dbzer0.com 24 points 2 weeks ago (1 children)

Across Europe, car companies are cutting jobs and shutting factories - to the extent that some question their very existence. So it's worth asking the question: what's gone wrong with Europe (and for that matter America's) car industry?

Maximizing share value at the expense of quality, productivity, and affordability for consumers. Like transnational corporations ALWAYS do when they're allowed to by negligent and often complicit governments.

TL;DR: Under-regulated capitalism is what's wrong.

[–] angrystego@lemmy.world 2 points 2 weeks ago (1 children)

Competition of Chinese vs. European industries is not faire, because there are worker rights in Europe. Chinese companies are allowed to underpay and therefore produce much cheaper products. If Europeans want to buy products made by fairly payed workers and support their own companies, they need to disallow unfair competition to enter their market. So yeah, under-regulated capitalism, I agree.

[–] IndustryStandard@lemmy.world 0 points 2 weeks ago (1 children)

Nah CEO profits are through the roof and salaries are barely living wage everywhere.

[–] angrystego@lemmy.world 4 points 2 weeks ago

I don't think wages in China and Germany are really comparable. China and the US, could be. But we were talking about Europe.