Not really. Metal is cheap. Lithium and rare earths are cheap. Abundance policies for raw materials aren’t subsidies. Inflation is low and so are interest rates, and so factories are also cheap. Abundance in robotics too. Highly automated factories make low cost cars.
And is even cheaper if someone else pay 30% of what you need to spend to build a car. So you can sell the car 30% less than others and still make a profit (maybe).
It is not a mystery that CCP subsidizes a lot of domestic EVs (among other things like solar panel) to become the dominant player in the market.
What would be interesting to see is what will happen after they become the dominant player.
And is even cheaper if someone else pay 30% of what you need to spend to build a car. So you can sell the car 30% less than others and still make a profit (maybe).
It is not a mystery that CCP subsidizes a lot of domestic EVs (among other things like solar panel) to become the dominant player in the market.
What would be interesting to see is what will happen after they become the dominant player.