The US manufacturers get bailed out every 30 years or so, so why there’s a specific reason the most recent time becomes less relevant. What makes BYD specifically so cheap isn’t the government subsidies, which NA manufacturers also get, but it’s vertical integration. BYD is a battery company that started to make cars. They can sell the batteries to the car side of the businesd below cost as long as the final product makes the larger corporation a profit. Tesla for example buys it’s batteries from Panasonic. Panasonic has to make a profit. That makes the Tesla much more expensive than it should be.