No way that European car companies give up that easily. I bet you didn't know that VW is currently the #1 EV seller in Europe and #1 car seller in China (with a small but increasing fraction of EVs there, though):

https://www.reuters.com/business/autos-transportation/volksw...

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joe_mamba 2 days ago | parent [-]

Same VW models in China cost about 50% less than in EU.

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rsynnott 2 days ago | parent [-]

Which should in itself tell you that VW can compete on price if it has to.

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joe_mamba 2 days ago | parent | next [-]

I never said they can't sell in China. My question with this was if they can maintain the same levels of profitability they enjoyed during the ICE glory days, as a lot of EU economies are dependent on the profitability of the auto sector. If profits slump, then so will the lives of a lot of working class Europeans. Keep in mind the auto sector used the be the biggest R&D spender in EU.

Some companies accept a profit loss in some markets compensated by the profit gains in others in the interest of capturing a growing market so this might distort VW's success in China.

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nxm a day ago | parent | prev [-]

VW is too slow and bureaucratic to compete with China

	▲	gregorygoc a day ago \| parent [-]
		FUD