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Let’s give China its due. As a nation, it has no peer at producing stuff in large quantities efficiently, thanks to generous support from the central government. To those inside China, that government support is normal. To those outside China, however, the level of involvement by the central government feels a lot like a subsidy, one that undercuts local manufacturers. The problem is especially acute when it comes to electric car production.
China today has dozens of electric car manufacturers who are cranking out new EVs at an astonishing rate. It almost seems like a real life version of Disney’s Fantasia, where hundreds of minions work nonstop hour after hour, day and night, to fulfill the misguided will of the beleaguered sorcerer’s apprentice.
As China gets closer to meeting its…
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