And its mighty car industry is about to get smashed as well.
The Dacia Spring, made in China, of course, is a joint venture between Renault, Nissan and Dongfeng.
It's basic models sell for thousands of €/£ less than equivalent European/UK EV's.
They sold 120,000 in Europe already since 2021, and are just about to launch into the UK for about £10k less than the nearest priced rival. The UK, is, of course, a big market for German car manufacturers.
And BYD just landed 5,000 cars in the Netherlands; with some crazy price speculation in the press.
European manufacturers cannot compete due to the much higher labour and environmental laws in Europe compared to China. The US has responded with tariffs about 24%, but even that would not be enough.
One of Europe's last big manufacturing industries faces an existential threat...Ironically the Statist Euro elite are being outgunned by even bigger Statists, the CCP!