It's also called dumping:
https://en.wikipedia.org/wiki/Dumping_(pricing_policy)
The kind of thing usually results in a trade war, sanctions and tariffs.
The problem in Europe, is that our manufacturers are so reliant on Chinese parts and manufacturing, that they've asked our government NOT to intervene. China has them by the nuts, because they've outsourced too much. IRC they can't even make batteries without using Chinese parts.
Meat goes in. Sausage comes out.
The problem is that LLM are being sold as being able to turn meat into a black forest gateau.
Don't automatically buy stuff on Amazon. They're often not the cheapest and they're a scummy company.
Not on Amazon, but I bought myself a nice t-shirt. It got me compliments and made me feel better about myself.
Controversial take: the problem isn't car prices. They haven't increased that much when compared to inflation, and you're getting far more and far better cars for your money when adjusted for inflation.
The problem is wages haven't risen and housing prices have risen too much, meaning people have less to spend on a car.
E: I googled. In the US the cost of a median house was 18k in 1953. An average car cost 3.5k.
Now, the median house costs 400k.
400k/18k x 3.5k = If car prices had risen as much as house prices, the median car would cost 77k.
It is, but as the article mentions some manufacturers are making a loss of 35k per car.
If those cars are then sold for 5k less than the US/EU/Japanese equivalent, despite lower wages and environmental standards, you have to ask yourself questions.
Chinese EVs are being sold at a loss of up to 35k per car:
https://www.nytimes.com/2023/10/05/business/nio-china-electric-vehicles.html
The Chinese government is subsidising their car industry, so they can engage in dumping, and decimate our car industries. When our domestic car industries are dead, they'll raise prices. It's like Amazon or any other scummy megacorp that kills local businesses.
This being said, it's hard to feel sorry for companies who also receive plenty of government subsidies and tax breaks, broke the law on emissions testing and likely killed a lot of people because of it, and refused to innovate or lower prices out of sheer greed.
Chinese manufacturers are being heavily subsidised and even making a loss on their cars.
They're trying to kill off our domestic car industries.
They did.
They now rent them through a monthly paid subscription.
Nope. Do hills too.
It is a bit tougher up hill, like cycling in a higher gear, but because you lose less power due to gearing, it's not as bad as you'd expect.
And breaks far less often. Less wear and tear, and the chain rarely if ever slips off the cog.
Eww.