And if you look at the history of consumer markets this happens often, even with the collusion and crime.
EVs actually seem to make this more inevitable to me. Most people aren't capable of building a combustion engine and transmission, but EVs are fundamentally easier from the engineering side. There are complications with the batteries but the overall thing is a lot simpler. I think that's why there are already lots of Chinese EVs available for like half the price of anything here.