Could China try to mess with Tesla?

Tesla has best margins in EV industry which means it can afford to cut prices the most, forcing other EVs to cut prices too. But the difference for other EVs with lower margins is that their price cutting might translate to unsustainable losses, and they might ultimately go out of business. This seems to me like typical monopoly behaviour, big fish bullying small fish. Even if smaller EVs dont go out of business, I can see a world where Tesla squeezes them so hard that it ends up eating up 90%+ of market share. I wonder what will China governments response be if there is risk of companies like $XPeng (XPEV.US)$, $Li Auto (LI.US)$, $BYD COMPANY (01211.HK)$, $NIO Inc (NIO.US)$ etc going out of business and/or losing all their market share due to Teslas price cutting. Let me know your thoughts