All you need to know.
It has been obvious for at least 10 years that the Yuan is undervalued allowing China to undercut and undermine all your local companies.
The best selling car of 2026 is a Chinese non-EV.
So I think the cheap Chinese cars will can el out of the equation.
The local brands being forced to move down market to sell smaller/cheaper EVs as the sales requirements mean they can no longer hot required levels of EV sales by targeting the high end of the market is a bigger influence I think.