That is all theoretically possible inside your country or trade union but not if countries wage economic war against each other. China will not break up BYD once they have gotten rid of their competition. They want the biggest car manufacturer. So they will try to reach that goal no matter what.
And that’s fair. EVs aren’t all that complicated, so if China tries to abuse its position, it would be pretty easy to ramp up production, provided we can manufacture the batteries, or at least have multiple friendly alternatives that can manufacture the batteries (e.g. Japan and Korea). Battery production should be something western powers can do efficiently with automation, provided we have a good source for raw materials (and lithium mines are opening up around the world).
So I honestly don’t care too much if BYD corners the market, I only care if there’s no reasonable competition. Given that Korean, Japanese, European, and American car manufacturers are all still quite competitive with EVs, I don’t see many issues. You buy Korean, Japanese, etc if you want quality, you buy Chinese if you want cheap. Both will continue to exist because there will always be demand for luxury cars, which means access to batteries and whatnot will continue to exist.
My only concern is if China is being unfair in its competition. I can understand tariffs to counter artificially lower prices (e.g. through direct subsidies), but not to protect domestic production due to labor price differences. We can always export manufacturing to other countries if we’re worried about risk of centralizing all labor in one region, and we already do that with production facilities in Mexico, and there are plenty of other countries we could look at as well (India, SE Asia, S. America, etc).
That is all theoretically possible inside your country or trade union but not if countries wage economic war against each other. China will not break up BYD once they have gotten rid of their competition. They want the biggest car manufacturer. So they will try to reach that goal no matter what.
And that’s fair. EVs aren’t all that complicated, so if China tries to abuse its position, it would be pretty easy to ramp up production, provided we can manufacture the batteries, or at least have multiple friendly alternatives that can manufacture the batteries (e.g. Japan and Korea). Battery production should be something western powers can do efficiently with automation, provided we have a good source for raw materials (and lithium mines are opening up around the world).
So I honestly don’t care too much if BYD corners the market, I only care if there’s no reasonable competition. Given that Korean, Japanese, European, and American car manufacturers are all still quite competitive with EVs, I don’t see many issues. You buy Korean, Japanese, etc if you want quality, you buy Chinese if you want cheap. Both will continue to exist because there will always be demand for luxury cars, which means access to batteries and whatnot will continue to exist.
My only concern is if China is being unfair in its competition. I can understand tariffs to counter artificially lower prices (e.g. through direct subsidies), but not to protect domestic production due to labor price differences. We can always export manufacturing to other countries if we’re worried about risk of centralizing all labor in one region, and we already do that with production facilities in Mexico, and there are plenty of other countries we could look at as well (India, SE Asia, S. America, etc).