That’s catchy, but not entirely true.

China heavily subsidizes EV manufacturers (and production in general), plus they have cheaper environmental and labour standards… it’s not like there’s a fair market EU companies can compete in without some sort of handicap.

PS: Yes, “western” countries have been playing along with China’s deliberate long term strategy with full awareness of where it would lead, but that’s another story that is both much older and has a much broader scope than the EV industry.