A former Canadian diplomat and China expert told MPs that Chinese electric vehicles can be sold at a low price because the real return Beijing seeks is not financial but “geostrategic.”
Charles Burton, a senior fellow with think tank Sinopsis, testified at the House of Commons science and research committee on April 20 and provided his assessment of some of the risks posed by Chinese electric vehicles (EVs).
Burton said China’s information-sharing laws can compel companies to assist state intelligence, potentially allowing Beijing to use data to advance its objectives.
“The regime can compel manufacturers to embed spyware into their vehicles and leverage massive state subsidies to flood Western markets with EVs at prices below production costs,” Burton said. “They sell these vehicles cheaply because the primary return on investment for China’s integrated regime is geostrategic, not financial.”…