"BYD's Ascendancy and the Potential for a German Rust Belt"
European automakers are facing a significant threat from Chinese carmakers like BYD, with Chinese EVs gaining market share in Europe and potentially impacting the continent's automotive industry. The situation has drawn comparisons to the U.S. Rust Belt and the historical competition between Japanese and South Korean carmakers. While some experts believe Europe can protect its automotive jobs through measures such as tariffs and alternative supplies, others warn of potential long-term negative effects on employment in the sector.
