Quote:
Originally Posted by pocket_zeros
I'm no China fan but the notion their EV industry competes unfairly is ridiculous considering China wouldn't have an auto industry to compete against had the US government not bailed them out in 2008.
massive difference between private companies which are bailed out when they fail vs state owned enterprises
even the ones that are "privately held" are still only in existence because of direct government investment or interest free loans along with national policy that helps them fend off foreign competition as well as subsidies
ie lenovo is technically a private company, but it only came to existence because the chinese government was tired of buying dell and hp computers so they put together a team, gave them the money to not only startup a computer company but also enough funds to buyout IBM's laptop division so they could hit the ground running
same with huawei, which is ostensibly a private enterprise on paper, but is basically under management and control by the chinese military (started as a tool of corruption where the military realized they were going to need to spend billions modernizing everything with IT infrastructure and instead of letting someone else get rich off that they created their own company to which they would give those contracts - these days it's since grown and developed into a legit business on its own right but it's still very much an unofficial arm of the chinese military - it's to the extent that they are forbidden from doing telecom infrastructure business in the united states and other countries (fear they'd put in backdoors) and nobody who works for the us gov is allowed to own a huawei device