Earlier quoted context omitted.
But it’s well below the minimum sustainable level due to Chinese government subsidies.
And that's a bad thing? A country's government sees an opportunity to invest into a promising new technology that could reap tremendous economic benefits. Such benefits include new jobs, new income, the ability to increase social/political capital worldwide, and help usher in a world that is that much less reliant on oil. That's what countries in the first world are supposed to do .
This has already happened to consumer electronics, power tools, manufacturing equipment, solar panels, and batteries.
The strategy is especially effective on products with a high startup cost in markets that have to deal with high amounts of regulation and labor unions because being government-owned means you get to skip all that. There's no reason to expect that cars won't be next.