Yes it will.
The Chinese now dominate this market because they planned for 2 decades to solve the problems at each step.
They can export good EVs now because they built and sold a lot of EVs domestically and built up years of experience and supply chains.
In Europe you have half the media and political establishment in the tank for the fossil fuel industry. Constant headlines about EVs being a disaster, a scam, a hoax, a mistake. People fighting the laws necessary for the transition to work. The FT here, not understanding why regulation is necessary, because they have a bias against regulations, and that will doom the industry.
If you can't build and sell the future of cars then your car industry will soon be dead.
Yeah, and what they don't even mention is that CATL is like the Nvidia of battery tech. Tariffs notwithstanding, the transition to EVs is going to shift vehicle and vehicle component manufacturing to China. Simple as.