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Hosts Ben Brock Johnson and Amory Sivertson dig into the internet's vast and curious ecosystem of online communities to find untold histories, unsolved mysteries, and other jaw-dropping stories online and IRL.
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China's electric vehicle price war represents the calculated culmination of a decade-long state industrial policy that has now reached its inevitable—and perhaps intended—climax. Since 2009, Beijing has channeled over $230 billion into EV incentives, subsidies, and industrial support, creating what appears to be overcapacity but was actually a deliberate strategy to forge global champions through domestic combat.
The result is a market hosting over 130 brands competing in what Volkswagen's China chief describes as a sector that has "lost all reason".
Today we’ll discuss:
- Chronic Overcapacity and Unsustainable Competition
- Deep Financial Stress Across the Industry
- Global Repercussions and Political Backlash
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