this post was submitted on 04 Oct 2024
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There's also the factor that China controls the largest "rare earth" mines which are the raw materials for battery manufacturing. Right now, a lot of non-chinese EV companies source their battery materials from China, who will obviously always give their domestic market an anti-competative advantage over any other country.
BYD is also a battery company that makes cars. They can afford to lose a little on the car, when they make money overall.