As China’s battery titans face a glut at home and growing political headwinds in North America, they are redirecting their firepower toward Europe — the world’s

cross-posted from: https://lemmy.zip/post/54844168

According to SNE Research, their collective European market share has plunged from 60.4 percent in 2023 to the 30-percent range in 2025, while Chinese suppliers are climbing toward 60 percent.

  • BaroqueInMind@piefed.socialEnglish
    51·
    3 months ago

    China can undercut entire industries by becoming a loss-leader. They dont need to pay western-levels of money to their workers for living wages and the government owns the corporations so they have nearly infinite money to endure selling at such a loss for a long time.