What US companies? Only three remain (GM, Ford, Tesla) and they make up a fraction of sales here in the US. The Chinese government is dumping truckloads of money into subsidies and development, control nearly all rare earth minerals, and don't shy away from environmental disasters and human rights abuses which is why they're the only nation on the planet that's able to develop this rapidly and sell their vehicles for way less than anyone else on the planet. Once they control everything you can kiss those low prices and rapid development goodbye, but you'll still buy from them because nobody else will be left standing.
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