Also on Avinox motors on e-mtn bikes. Originally made by DJI, then spun off into their own company, and they are starting to eat the competition on all e-mtn bikes at this point. Bosch, TQ, Shimano, et al just can't compete, especially because Avinox is iterating at startup pace and all the rest are iterating at bike pace (slowly).
This is the key though: it’s not just supposed subsidies, because the Chinese companies are fundamentally just faster and more efficient