It didn’t occur in industries where China holds a strong presence, such as solar and other renewable energy equipment, or in lower-tech products available on platforms like AliExpress, Amazon, and eBay. So, why would it be different for electric vehicles (EVs)? Currently, the primary foreign competitor for EVs in China is Tesla, and prices for EVs are decreasing rapidly.
BYD electric vehicles are sold at a significantly higher profit margin in Europe compared to China.