Probably a good re-read of the Innovators Dilemma might help here? https://en.wikipedia.org/wiki/The_Innovator%27s_Dilemma

When our countries are selling stuff: "Free trade FTW! Those developing countries should shut down their pesky tarrifs!"

When competing countries sell their stuff in our markets: "Tarrifs and sanctions FTW!"

it’s almost like betting our entire automotive industry on full plug in EVs, as well as being competitive in said market, was a transparently bad play from the very beginning. Not saying this wasn’t obfuscated by regulatory pressure and "shareholder value" (read: why is my stock not going through the roof in lockstep with Tesla), but that does not absolve execs of their fiduciary duties. Of course the Chinese are able to offer lower prices; battery packs being by far the most expensive part of any plug in EV is not classified information.

Stock goes where the sales are. If lots of Chinese EV cars are going to Europe, it means that the Europeans are buying them.

European manufacturers are becoming less and less competitive on the world market. Their sales are dropping. Their sales will be replaced by more competitive Chinese sales.

The West is rapidly losing its edge.