this post was submitted on 10 May 2024
339 points (96.7% liked)
Technology
59106 readers
3251 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The PRC is trying to crush any and all competition. This isn’t them being ecologically friendly or magnanimous in any way. The entire point of this is so they can do the best they can to corner the market, which is easier when the government you operate under just hands you money so you can immediately recoup substantial fraction of your balance sheet liabilities. They are doing this because they want to control the EV market, which will give the PRC a substantial amount of geopolitical power (case in point: look at Taiwan with their chip foundries). And, of course, Party officials and the corporate leadership of their car companies stand to make a fair bit of dosh too.
More broadly, I don’t like when any country does this, including the US. The primary reason I’m singling the PRC out here is because that’s the topic of the post.