Why does the fake narrative of cheap Chinese EVs keeps getting pushed by the media?

Everywhere I go, I keep seeing this panic-mode narrative of Chinese manufacturers eating European and American ones alive, by offering EVs at a $/€10k price point, while Western equivalents start at 30k.

All these articles conveniently ignore the fact that they compare Chinese prices for Chinese cars, with Euro prices for Euro cars, ignoring that Western-made cars in China are also cheaper. When you actually look at comparable offerings the difference tends to be 10-20%, for example, the BYD Dolphin in the UK starts at about £26k, with the ID3 starting at £30k.

Considering these Chinese brands don't have an established reputation, and it's unknown how they will hold value, the lower price is justified imo, and for me, it might even be too little.

I'm pretty sure there's half a dozen alarmist articles about this topic even on the frontpage of this subreddit, yet if one goes out to hunt for these magically affordable Chinese cars, they don't seem to exist.