I agree.
The point is how much subsidies they receive. Chinese automakers seems to get way more (up to 30% if not more of the cost) than Tesla. That way it is easy to win on competitors.

BTW, the 30% is not a personal educated guest, it is the estimated figure given by a very trustworthy economic journal which did an investigation and discovered that that some chinese automaker could probably absorb a 30% tariffs without changing the selling price.