this post was submitted on 03 Sep 2026
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Isn’t it just that when the Chinese recognised that they needed to dominate and innovate in the car market all the other manufacturers doubled down on doing business as usual? That the Chinese have a dynamic, robotic car industry with a 1 billion person market is really going to make it difficult to compete.
The Chinese market isn’t perfect by a long stretch as they don’t respond to market signals very well hence the over supply of ICE vehicles because their population has gone EV. That means they have a lot of ICE vehicles on their hands. Especially since Trump closed the Straight of Hormuz.
It’s not just that, but yeah, some changes aren’t incentivized by quarterly profits. The Chinese government did help with planning and incentives to help manufacturers transition to new technology and to build out the supply chains they would need.
Now they’ve made the transition to new technology, established supply chains, scaled up, and have strong competition to keep progressing rapidly.
US government tried at various points, only to have progress thrown away by the next administration. So now we have protectionism. Consumers pay more while legacy manufacturers milk obsolete technology for a few more quarters of profit……. While losing any hope of competing globally