Say what you will, but I don't consider eminent domain to be some kind of mystical technology that only wizards possess.
For automobiles, China didn't compete with the West on its own turf in heavily regulated markets. They embraced EVs from the beginning. Complex auto regulations can't save Europe because EVs are an end-run around all of the complexity of building an economical, low-polluting engine.
Indeed, Europe is talking about relaxing some of its environmental regulations for petrol cars, now that those regulations are more of a barrier to home companies than foreign ones.