China FURIOUS at Europe's EV probe, says it is unfairly rigged against BYD
ฝัง
- เผยแพร่เมื่อ 14 เม.ย. 2024
- China FURIOUS at Europe's EV probe, says it is unfairly rigged against BYD
👇👇 Buy something and support The Electric Viking Store 👇👇
shop.theelectricviking.com/
Size guide and other help for the store 👇
theelectricviking.com/the-ele...
🔔 Subscribe and hit the notification bell! ► / @electricviking
Join me on Patreon ► / theelectricviking
Join as a member in The Electric Viking TH-cam►
/ @electricviking
Members-only videos (see videos before anyone else)►
• Members-only videos
👇 Please donate here for Shanna (Viking's wife) if you can 👇
gofund.me/ef6650d7
See what happened to Shanna:
• Stage 4 can go to hell...
The Electric Viking on other platforms:
Rumble ► rumble.com/c/TheElectricViking
Facebook page ► / theelectricvikingfb
Facebook group ► / theevfbgroup
Twitter ► / theevking
Instagram ► / theelectricvking
Pinterest ► / theelectricviking
Telegram ► t.me/theelectricviking
TikTok ► / theelectricviking
👇 See more about me 👇
• You've been asking; he...
👇 My Bali trip 👇
• I went to Indonesia an...
👇 Video about My Skateboard 👇
• EASIEST & cheapest way...
👇 Subscribe to my kids channel 👇
tinyurl.com/subscribetojackan...
See more videos about BYD:
Germany says China funneling Billions into BYD to Crush Tesla and legacy auto
• Germany says China fun...
BYD Pickup's size, power & battery revealed; 480 HP, bigger than Ford Ranger
• BYD Pickup's size, pow...
BYD respond to CATL's new battery with MEGApack Blade battery boost
• BYD respond to CATL's ...
CEO savagely responds to criticism of BYD's profit margins VS Tesla
• CEO savagely responds ...
BYD reveal new cheaper LFP Blade battery with 27% higher energy density
• BYD reveal new cheaper...
BYD reveals shocking effect of huge discounts with historic sales in March
• BYD reveals shocking e...
BYD's new Denza N7 gets 360kw charging, a 21% discount and 700 km range
• BYD's new Denza N7 get...
BYD reveals amazing March sales but Tesla retakes lead in global EV race
• BYD reveals amazing Ma...
TESLA battery maker CATL reveal 1 million miles + zero degradation battery
• TESLA battery maker CA...
Statistics reveal once someone buys a Tesla they RARELY buy anything else
• Statistics reveal once...
Tesla says HARD no to Fisker Ocean owners tyring to trade in for a Tesla
• Tesla says HARD no to ...
Tesla EV in development spotted with WEIRD new innovation...
• Tesla EV in developmen...
Wedbush say 2024 a "NIGHTMARE" for Tesla but Elon can save the ship
• Wedbush say 2024 a "NI...
Elon Musk says Tesla Optimus robot should cost less than $25,000
• Elon Musk says Tesla O...
Hyundai hiring 80,000 workers & spending $51 billion to catch Tesla
• Hyundai hiring 80,000 ...
Tesla’s $5500 CyberHammer is the best Tesla accessory EVER
• Tesla’s $5500 CyberHam...
BYD reveal 2024 plan to LIBERATE China from Japanese automakers
• BYD reveal 2024 plan t...
BYD slashes the price of the Seal, its Tesla Model 3 rival electric sedan
• BYD slashes the price ...
BYD begin manufacturing thousands of EVs for Australia & NZ in Thailand
• BYD begin manufacturin...
BYD responds to viral AWD FAILURE video with shockingly fast response
• BYD responds to viral ...
New BYD Seal selling CHEAP after glass smashed at 50 Cent concert
• New BYD Seal selling C...
Smart BYD investors will make billions over the next 2 years
• Smart BYD investors wi...
14 year old crashes BYD electric car into department store in Australia
• 14 year old crashes BY...
BYD reveal e2 crossover EV with Blade battery starting at $12,000 USD
• BYD reveal e2 crossove...
BYD says EV sales in China will hit 50% market share in 3 months
• BYD says EV sales in C...
#byd #china #europe #evnews #production
👇Reference to the news/charts & videos used in this video:
europe.autonews.com/automaker...
This channel may use some copyrighted materials without specific authorization of the owner; but content used here falls under the “Fair Use” Copyright Disclaimer under Section 107 of the Copyright Act 1976.
Allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
Contact us for any copyright issues. If you want a credit of any footage we are using, please let us know.
Website: theelectricviking.com/contact/
Email: contact@theelectricviking.com
When one considers that the US government gave GM and Chrysler $80 billion in 2008 ($115 billion in today's currency), under the TARP scheme, it makes you realise just how small Chinese subsidies actually are and how this is entirely politically motivated. That these subsidies are like many others around the world designed to promote EV adoption is actually a good thing
You forgot about the Inflation Reduction Act that is pumping another $780 billion to the US EV manufacturers. It’s hilarious that they make a big fuss about $3.7 billion BYD subsidies. That works out to less than $500/vehicle. Meanwhile in the US, domestic EV manufacturers are getting $7500/vehicle rebate.
They paid it back and Obama saved the Industry.. was pretty important
@@thejudge1445Not the $ from Inflation Reduction Act. It is a subsidy, not a loan.
China subsidieses the entire manufacturers chain, the US does it to specific major companies when they near bankruptcy.
@@miguellopez3392The Inflation Reduction Act hands out subsidies to the entire EV industry.
In a country, like New Zealand, with no car manufacturing industry, the consumer is the winner.
Same in Oz now, eh?
Undercut the competition until your the only one left. Then jack up the prices and consumers pay through the nose. This is how monopolies are built.
@@danharold3087amazon does this
No. China will start WW3. Take over sea lanes, force its will, you stupidly buy their cars? Don’t be a moron!
@@danharold3087 What your saying is what Tesla has done in the USA.
Of course it's rigged. Forget to send Ursula SMS?
The EU did the same to Japanese cars in the 80s. The investigation will take more time than necessary so buyers are put off at this critical stage..
Lmao learn your history both had and do have tarrifs
Regardless of which country's government subsidizes EV adoption, the ultimate benefit is a greener environment with less gas pollution. Tariffs and protectionism will only slow EV adoption and the free trade market.
Something has to give: you can't get unlimited funding from CCP and then sell on a free market while losing money on every car.
If Europe starts a trade war on cars, China can take this opportunity to drive European cars out of China (at present, the sales of European brands in China are at least 20 times that of China brands in Europe).
As European, I certainly hope so. China can sell their cars to Africa.
You forget to mention that European cars sold in China are Made in China.
If Chinese companies want to sell cars in EU they must build them in EU!
@@FRIPPE_THE_GREAT china can sell wherever they want
Let customer decide
@@plau2007no they aren't
@@user-xp7nk9dw8d The majority are produced in China. Only several exclusive cars are imported from EU.
Mercedes and other European automakers will bear the brunt of the Chinese when Europe continues to pursue inhibiting or extracting Chinese automakers of politicians' money.
The problem is that the Chinese government doesn't give enough incentives to EU consumers.
@@plau2007 the prices of Chinese EV cars are lower than those European brands. That seems to be enough to be seen as an incentive for EU consumers, the affordability factor.
Not just European automakers, GM was doing big business in China, not anymore. Buick was a desirable brand there just a few years ago.
Mercedes, BMW will be ok.
Just like Rolex etc, people want luxury.
Chinese cars don't represent luxury.
@@plau2007 Should they?. The Chinese cars are dearer in Europe than the car would be sold for in China. It's hardly dumping. Considering MB and AUDI make a third of their global sales and profits IN China, and their EV's are also made in China in MB factories, I think there will be reason NOT to impose duties. However if duties are imposed only of BYD there will be a WTO challenge.
All auto-makers get subsidies from their own governments and those of he markets they are selling in.
Whatever happens to fair competition and free market? Or does that only applies when it is western companies/countries?
This is global not an east/west thing. Government subsidising local automakers for cars sold in country is a form of welfare and often a jobs program. It also favors the local brands. It gets nastier when subsidised cars are exported. Government contribution to car makers put car makers with less support out of business. That is economic warfare. Which government is most willing to pay to be the car maker to the world
When this is seen as unfair results in import duties taxes and tariffs.
@@danharold3087 I didn't say this is an East-West thing. In fact, I understand this is a global economic practice. However, the West is using this as weapon against the Chinese auto-manufacturers. That is unfair and unjust. And No, I'm not from China.
@@orionbetelgeuse1937 You do realize many countries actually have the same rule.
@@Black_Sun_Dark_Star which countries?
@@orionbetelgeuse1937 Malaysia, Indonesia, Mauritius , Australia, New Zealand, Thailand, Singapore, Philippines, Vietnam, Japan, India, Brunei, etc.
It's designed to protect the useless and lazy legacy car industry from disrupters. Forgetting the economics or politics, we need cheap EVs in Europe and one thing we know for sure is that the legacy car industry will not, and can not provide that because they sat on their hands for too long trying desperately to cling on to their ICE cars. Incidentally, both the US and Europe have bailed out and are subsidising both the auto industry and the fossil fuel industry to the tune of tens of billions.
Exactly. Most negative news is just legacy auto and dealers resisting what is going to change their world very fast. Dealers won’t make bonuses & profits like they used to, and repair costs are reduced to almost nothing. They’re scared and will do everything they can to lie about EVs. But it won’t help them - change is coming just like it did for horse and carriage drivers, no matter how tight they clutch on to their pearls.
yeah I also see that EU has no intention about global warming and green air- if they have that intention we would have cheap electric chinese cars on the streets without tarrifs and taxes. Eu hipocrisy
Core problem, EU have no cars to compete. Subsidies, distraction.
Nonsense - My next car will be an EV, and so far either an Audio or a VW ID7. Both offer a considerably better driving experience than the Chinese cars I know so far... I will never buy a Chinese EV, no matter how good or cheap they are. The only problem for European car makers is to get to the next battery generation, and they are working on it.
@@defrigge No software, batteries etc are weakpoints. But You revealed yourself. Other than you Chinese are not prejudiced or racy. They bought tons of VW and Mercedes despite produced by Germans. I know you prefer an Edelweiss driving experience. That is for sure.
@@sedorador4967 Actually, software works great in the VW ID7, the Audio, and the Porsches, in part better than in Chinese cars. And no, my refusal to buy Chinese cars has nothing to do with race, and everything with Xi Jinpings total despotism state and its utterly despicable way of rigging markets worldwide. They have destroyed most of a first class evolving European solar industry by massive open and hidden state subventionalism, along with centralized efforts to hack and steal western knowledge wherever they can. And they try to take over key future industries with loads of open and hidden shenanigans to first destabilize western democracies economically and then put despotic pressure on them. The incerdible impertinence with which they already have tried to prevent critical EU or Australian statements, thretening economic blackmailing, won't be forgotten either. And they only allowed VW and Mercedes into their country (under unfair conditions and limitations), as long as these brands were in heavy demand. Now that the market changes, they want to take over completely.
@@fabi-9971 Go on taliking Edelweiß fanatic. Your arguments are worthless. Not even worthto be debunked, which would be easy. You revealed your Edelweiss bias. Nothing more to add. 🙂
China and USA also protects their car industries.
China should ban European cars😅
They have lots of ways of doing this already - time to wake up!
Not ban but tariff to oblivion and officially announce all the tariffs are going directly towards Chinese car companies expansion into Europe.
They already required joint ventures so they could steal technology. Complaining about it being unfair is laughably hypocritical.
No need no one buying EU car in china now.
Tesla enjoys the most Chinese subsidies.while it's only fair US disallowed China automaker subsidy and entry to the US market.
I don't get it. If the cars are being directly subsidised by the chinese government to sell aboard.
Wouldn't the price of the car be at most 25% more than the price in china. Instead they are anywhere between 125% to 200% more expensive than similar version of the same car in china.😅
So are the chinese ev company subsidised to sell their cars at uncompetetive prices so that no one buys them?😂
Now Viking has found out Tesla not involved he's having a go at all it's Chinese rivals. In his early videos he was all against EU investigation as it was scaring his pants off Tesla stock he owns
@@ciybersal3499 tesla get as much if not more subsidies from china. the land where their shanghai gigafactory is an example of a huge subsidy.
Textbook European car lobby in action. European consumers stand to lose out
Imagine a scenario where the US government directly subsidizes electric vehicles (EVs) with $7,500 To GM/FORD/TSLA (replacing tax credits) for all citizens. This would make EVs more affordable (around $25,000), potentially for everyone, including low-income households. This widespread adoption could significantly accelerate the reduction of air and greenhouse gas pollution.
Dumping usually referes to the oversea price is significantly lower than domestic price.
In this case it means dumping them at a port where there is no demand. Hope the ports are charging them some good storage fees.
The subsidies are given to the USA consumers but the manufacturers benefit.
The US and other western governments are also subsidizing manufacturers who set up plants locally. This is why it's unfair to say China is subsidizing its automakers as literally every major country is doing it.
Subsidies are also given to US corporations massively, largely through tax credits. That is why BYD had a 10% higher automotive gross margin than Tesla last year, but (beyond spending less on R&D) Tesla had higher net. A company that claims to be highly profitable doesn't get away with never paying US corporate income tax and taking $5 Billion in tax advantages without being subsidized. In otherwords, Tesla net earnings after taxes/adjustments went up by $5 Billion last year compared to EBITA.
And subsidies shape their business decisions. For example, why did they open up the chargers to other companies? Billions in federal subsidies. Planned production for the next generation vehicle shifted from Mexico to US based on the subsidies and grants they get to build it here.
Can't we just agree that every government should subsidise the hell out of their EVs and accelerate the transition? They're all doing it, and I, for one, like it very much.
If the Chinese Government gives subsidy for each car sold overseas, then the manufacturers would be selling them much much cheaper to collect more subsidy
中国的电动车补贴2022年12月31日就已经取消了，西方政客不看新闻还是故意装不知道，竞争不过就采取这种伎俩，笑死人
Well said. Especially in Europe
A country that requires joint ventures doesn't get to complain about subsidies.
I noticed the word "if" there! These claims need to be substantiated.
That's why Rotterdam has thousands that BYD has parked for months as has no dealerships or people wanting to buy them. There listed as sales but there just sitting there.
EU is a joke. EU wants electric mobility but EU car makers are unable to sell for affordable prices.
Thats why Tesla produces in germany.
Well Europe has to protect its domestic automakers.
Several german automakers have actually asked the EC not to boycott china cause they themselves are relying on China for supplies to their own cars
Well...we are at impasse where people are very skeptical about EVs. Without sufficient charging network...I am not sure about EVs...
I think EC has more to loose from economic perspective cutting relationships with China. I don't think the profit from automakers will cover the others revenues from China if they went on these arm wars
When China did not have a combustion engine, how was this company taking advantage in china? Now it is China's turn, so why are they treated like this in the West?Shouldn't China have got combustion engines from the West rather then taking fully benefit?
Not really, it's a short term gain but a long term loss. In the long run, without competition, EU will get left behind in technology.
When someone gives you a taste of your own medicine.
I worked for 8 years in the US solar panel industry, now more or less defunct.
China always marketed their panels say about 30% below ours.
We’d work hard to cost reduce and lower our price: they would immediately align and keep the 30% gap: that can only be done through government subsidies because pretty soon the price is obviously below mere marial cost (cost of aluminum, glass, copper, etc..)
They can park them in front of all the Evergrande housing
We Australia and New Zealand consumers absolutely aren’t the winners. Have you noticed how often now many products are only available 1, made in China and 2, sold in China when online shopping? Also, these mobile computers the shape of a car are going to get more and more network connected. I’m not in the slightest bit comfortable about China being in control of my data.
While typing this comment on a china made smartphone/computer. For your safety u shouldn't go online ever😊
@@Batucadax there’s a big difference between networked device made by a foreign company in China and a networked device made by a Chinese owned brand, e.g. a CCP controlled brand.
According to Reuters, Tesla is scouting locations in New Delhi and Mumbai for its first showroom in India.
that whole country its a toilet... sorry but no Tesla will lower itself to india level
Yeah didn't work . India is too poor .
Tesla news from Reuters?
There was something... that was not going well...
Regardless of which country's government subsidizes EV adoption, the ultimate benefit is a greener environment with less gas pollution. Tariffs and protectionism will only slow EV adoption.
Here is what I think: This is a absolute joke, the EV industry has been excessively subsidized being non viable on its own: not only by excessive sale bonuses and tax breaks, but all mining, R and D, mfrs. industries and insurances are massively tax fed…It is time to put a definite stop to poor repairability, lack of durability and safety, price dumping issues and all those actions creating more pollution instead of reducing it !!! This create a need to manage our own safety, refusing to enter crappy Chinese taxi or Uber, a Boeing Max or B787 made in Carolina. This was not the case before when only extremes tasks and sports required a good risk assessment, before this entire responsibility of user’s safety was bounced back to careless manufacturers. The authorities have authorised vehicles in the trafic which are not roadworthy: the 14% rejection rate of Tesla ‘s to the first 3 years TUV inspection in Germany is evidencing this trend. Instead responsible authorities in place must remove potential liabilities off the scene, this is a sovereign task which begins to be totally lacking…
For instance, some quite minor EV accident damages are not repaired because a safe and comprehensive repair involves the expensive battery and repair cost is two to three times more expensive than fixing the same impact on a much more resilient thermal car. Quite often there also, the battery is the only non shock-proof item which must be replaced after an impact with some body work. But the entire EV is simply replaced by a new one WITH a new sale bonus that the whole repair amount does not get: a typical waste of « programmed obsolescence » our planet can’t afford any longer !!! Now, those insured high expense costs and all the ferry fires and building damages, chemical pollution and decontamination caused by impossible to extinguish till the end EV fires are not covered only by the liability insurance of the existing BEV fleet. But the much higher premiums of a correct allocation of the caused damages to the right insurance alone would make new EV sales nearly impossible. The result of such « open account » careless policy is that nothing is undertaken to correct, mitigate, downsize and prevent those much higher EV costs per incident. This gradually upsets taxpayers seeing higher taxes and insurances he directly related to those wastes specific to an non-viable part of our mobility. As a result those misappropriation of funds are gradually being made illegal on the simple fair trade polluter-payer principle basis. The wind finally turning, each EV producing country is trying to protect its own shrinking domestic market. The global lack of competitiveness of EV all together seems to be the main issue. Meanwhile the low Ev volume suppliers like Toyota-Lexus, Honda and Stellantis are less affected, do not reduce prices on larger volumes and can maintain a good profitability, not having to layoff many workers and employees like Tesla and unlike Toyota’s 33 billions GP in 2023 and 3,5 to 5 millions Hybrids volume from 2023 to 2024 , a 43% increase directly hitting many new BEV sales worldwide for the same market. Game over !
Crazy sinophobia!
I'm sorry Electric Viking... I worked for a Chinese state firm as an ex pat. If you think they don't rig the trading game, you're a blind fool.
He's not blind..........
Tesla news: about 10% of the staff will be fired due to disappointing sales...
No info here. If there is a eu report lets read it. If there is a ccp reply lets hear it. Lets find out which one has more substance....
I looked them up on their website, but I really don't see any special specs from them. They really don't seem that great at all, so it makes sense to me that nobody buys them.
Giving subsidies to manufacturers to create overproduction and a dumping economy, rather than a subsidy direct to the consumer, as incentive to buy, is very very different.
That's nonsense. The consumer gets nothing because he prices get increased artificially so fools like you feel happy when they get the tax money to make them feel as if they got something cheaper.
Subsidies are a tool to spread a new technology throughout society - just like it was given in order to motorize agriculture. That has been established. Therefore farmers have no more right to get subsidies. They would have to automate, use battery electric vehicles, hold animals more decent...or convert to vegan farming, use drones and other tech to improve farming in order to get subsidies again.
the salient question to be asked here is why haven't China built car factories in Europe or the America's like the Japanese did. and the answer is telling as to China's true intentions.
That would cost billions. Can you 100% guarantee that after spending that much there would be a market? Or that the EU would not find a way to shut that factory down? I think there are plans to build something in Hungary.
A BYD factory is getting built in Hungary, it is expected to be operational in 2-3 years.
Viking. Of course it's a rigged system if BYD is the only company to face issues.
It’s a buyer market… it’s cheaper for now
Picture this: you and me both open two stores one to each other, but I get unlimited founding from CCP to undercut your prices. How is that sustainable for you?
BYD: Named its car model Han.
Also BYD: Created Hobbs and Shaw styled cars (Yangwang U8 and U9).
China: FURIOUS
Regardless of which country's government subsidizes EV adoption, the ultimate benefit is a greener environment with less gas pollution. Tariffs and protectionism will only slow EV adoption and the free trade market.
Weird perspective here. Both China and America gives subsidies for EVs that can be said to specifically benefit manufacturers who make vehicles within the country. Ok, that is same-same. US is also has a specific tariff in vehicles from Chinese brands, and is saying that even if made in the US, they should still have that tariff. China has no such restriction, now allowing anyone to set up and make vehicles in China, but it is China that is now being unfair?
I could understand a claim that China was being unfair in the past when they insisted on joint ventures, but now that no longer applies, it seems hard to argue they are still being unfair.
Heck, even in Australia state government subsidises EVs brands and the more each brand sells the bigger benefit that brand can be said to gain, and this helps overwhelmingly vehicles made in China, but is it really about some plan to help China, and disadvantage Europe?
China subsidieses the entire manufacturers chain, the US does it to specific major companies when they near bankruptcy.
Ive had the feeling BTC would be going to 40k as well. Clearing out all my Alts going into BTC and Cyberopolis only, maybe a little BNB.
Germany's biggest carmakers are still paying millions over the dieselgate scandal and are still in litigation. Who gave money to save them? who trusts these companies? i will get a tesla with byd batteries!
I have known several people who lived in Germany and served on various bases. The United States still occupies Germany and Germany is the biggest economy in the EU. I imagine that the EU will do whatever America wants them to do. People seem to forget that the US still occupies Germany and Japan. And of course, Australia has been our staunchest ally in every Military conflict. So there is a little more involved than just trade.
Jesus, Viking, research the topics you take up before reporting your views. You do know there is a difference between critically reviewing quantitative data and repeating unsubstantiated claims, don't you? Please don't give us your feelings/impressions about what different parties are saying/gossiping about. Do a bit of investigative work or if you can't manage that please don't add your voice to the unpleasant noise made by uninformed speakers.
Have you read a single substantive report about this? So far, I haven't seen such a report produced. And, nor have I seen any substantiation of the allegations that the Chinese government has made direct payments to domestic automakers for vehicles that they export to Europe and sell there. The lack of substantiation makes me think that the allegations could be bogus. Furthermore, I have been trying to figure out who made these allegations but to no avail. I haven't seen the allegations appear in any official EC documents or press releases so I think there is room for doubt.
Oh, I thought you were talking about all the unsubstantiated claims against Tesla! 😅
I perhaps would have used a Commer following "Jesus", but aside from that, I would give your piece 10/10. That said, you've got to love this channel for its ability to make absurd claims and to give voice to those with ABI's.
@@davidbrayshaw3529 Fair criticism, comma added.
Totally agree! Investigate, don't speculate. Don't become MSM parroting each other and that somehow becomes truth.
@@chris27gea58 From 10 out of 10 the absolutely perfect, just like that.
Excellent post!
That's why Rotterdam has thousands that BYD has parked for months as has no dealerships or people wanting to buy them. There listed as sales but there just sitting there.
BYD are nice cars - BUT why do they cost only 40% of the price in china than they are asking in EU? There is no VAT for EVs and they are also selling $3 T-shirts in EU so transport cost is no reason. And tesla is also shipping from shanghai for the same price than from grüneheide.
any kind of government help could be considered as "subsidies" such as land, tax benefits, or even roads built to reach car factories. in this way, EU has been subsidising their car industries too. If EU pick certain china car manufacturers and focus on that kind of "subsidises", then it can easily distort the picture. if EU put heavy levy on chinese EVs, i hope china will retaliate the same way to EU cars.
Subsidies to a company by public funding (State Aid) is illegal. The European Commission has in the past fined VW for subsidies from the government of Saxony. The funding to incentivise buying an EV isn’t linked to a particular manufacturer so doesn’t distort competition between manufacturers.
Sounds reasonable.
Flooding the market uhm,, who does that sound like.
ICE had its chance, good on China to help make a cleaner & greener Earth.
China is the largest coal polluter in the world...70% of world output and are building new coal plants every day. Are you naive to think that China cares about the environment?
How is China helping to make a cleaner and greener Earth? Their emissions are up year on year, year after year. Their demand on foreign sourced met coal and LNG is unrelenting.
They are building more than a score of coal fired thermal power plants as we speak, and their population has increased by 170 million people in the last 25 years.
Forgive me Jim, I'm missing the bit where China is contributing to a cleaner greener Earth.
@@davidbrayshaw3529 Exactly!!!
@@user-xh2ex7bx4b Thanks for your reply.
Why is this not obvious to people?
I'm the first to say that it's my fault just as much as it is China's (due to my demand),
but they're doing sweer F.A. to make the world a "cleaner and greener" place.
They're doing what every other dirtbag industry or country does and directs all eyes in the direction that it wants people to see.
EV’s are a great idea but the green argument is the weakest of the lot
If China didn't impose huge import duties on cars Europe wouldn't have a problem.
Two wrongs don't make a right but have the Chinese heard about a level playing field???
Do you actually know that euro[ean carmakers have factories in China? VW has ben there for decades, profiting for decades selling their cars, China is their biggest car market. You don't know anything
Have you ever heard of corporate sabotage of EVs?
Great video
Europe and US should welcome this. Their own legacy auto has failed and deserves to disappear. Let Chinese companies build factories in Mexico and Eastern Europe so that the transition to electrification can proceed and we can all have the cheap electric cars we need. Legacy auto is already a lost cause so if China wants to spend some money to help save the planet let's work with it, not against it.
Why wouldn’t we instead require a local partnerships, same as China does when Western companies want to do business in China?
Surely the bigger problem is do you want to become even more reliant on an authoritarian state who will invade Taiwan and who we may sanction like Russia. Then where do we get cars from when all our manufacturers have gone bust.
Morning mate
That is called “Export Grant”. Export-Import bank of all countries in the world does it !!!
Is this why the European ports are full of Chinese cars (From a previous video) The Chinese manufacturer is counting all shipped cars as being sold outside of China.
Source ? Proof ?
What nonsense. All countries will protect their own industry, nothing to do with "fair".
The ports in Europe are landing Chinese cars that are taking up port space, awaiting buyers to receive them. At the same time, China is still trying to sell them through car dealerships. Some are already sold directly to people, but matching car ID's to people is a nightmare.
Of cause if they can't get their way they will blame you because loosing face is most important
It’s a witchhunt
Chinese EV makers are engaged in a true Capitalist competition between each other. they keep raising quality and dropping prices. they could collude and be profitable, like OPEC is doing for oil. but they have chosen to compete. cheap high-quality PV and cheap high-quality EVs are gifts from China to the World. why are we getting trapped by our old car companies and couple thousand car company employees? as Western consumers, we want those Chinese EVs to enter.
The only problem is that they must build the cars in EU.
So then we should force them to set up a local partnership, the same as China does to Western companies.
America needs to support Tesla and Elon Musk because if they did not have him they would be screwed.
They have been. 3 billion to Space X, God only knows how many billion in EV subsidies and tax concessions to Tesla buyers, too. And now the US government is going to have to give 10% of his workforce food stamps!
Gaming tokens are booming. Cyberopolis will go 50x after the launch.
I believe the US IRA EV tax credits are available to any EV from any manufacturer that meets domestic content requirements. If China makes direct subsidy payments to Chinese EV manufacturers for cars they export and excludes Tesla's Chinese-made vehicles, then that seems unfair and rather targeted against Tesla.
There’s a reason western countries are guarded against doing business with China going forward…it’s not only the auto industry.
ADA is the safest 30x from now to 2025. Cyberopolis is the 1000x gem ready to shock the market
Just send China super deluxe versions of a certain little red book. They will become so excited, they will will simply fall over and not care about anything.
They need to open up a factory in the EU. NOT only send cars and get money, without paying taxes. Tesla and VW both have factories in China, which contribute, but when china does that, they loose most likely in price advantage..
There were no direct subsidies to US consumers from the US Government. The EV credits were tax write offs- meaning a lot of people didn’t even quality at all because they made too much money or were only able to write off a fraction of the $7500 because they didn’t make enough. Individual states may have made direct rebates to customers. But a tax write-off is not the same as a direct rebate.
Government subsidy has many forms, and tax credit or tax break is one of them.
There are actually . Tesla had most
Good job..😂😂😂
Even with Chinese state funding, it is still overpriced junk. Seal is more than 50k€ here, in contrast with the Model 3 Dual Motor highland, which is 48k€. Who the hell these guys think they are?
🤣🤣🤣 Karma
The german government subsidized fossil fuels alone in 2021 with 6.65 Billion Euros (7.35 Billion US Dollars). And it subsidizes German manufacturers with around 10,000 Euros per ICE car that gets registered. Around 1/3 of all built ICE cars are getting registered by the car companies themselves. They never get driven but are being parked in huge parking lots to rot away.
China saying unfair 😂
Yes china saying unfair
Unlike colonist
Car sales should only be in the country of origin. Be far more fairer in the long run
Business works in the realm of conspiracy .
I think that people in Europe prefer European EVs. Why should we allow ourselves to be invaded by Chinese cars? No. I think European manufacturers should export to China instead. Or at least have a level playing field where we import and export the same number of cars between China and Europe.
When China did not have a combustion engine, how was this company taking advantage in china? Now it is China's turn, so why are they such a treated like this in the West? Shouldn't China have got combustion engines from the West rather then taking fully benefit ?😅😅
Tell me how they prove it? Based it on what? They dreamed about it so it must be true?
Byd☀️🍓Go!
I need to watch this again
So customers in EU making Ls
Europe should require a local partnership, the same as China does when a Western company wants to do business in China.
The PRC brands should demonstrate they are not selling below cost by providing on a confidential basis a cost breakdown of some of the best selling EVs for review. If it turns out they are earning only thin profit margins, that is a business decision.
you do metion it's confidential right
No response doesn't imply anything. If you think it does, then it is simply you applying your own biases.
Similarly, if he doesn't deny something, it does not mean he admits it. The only sensible thing you said is, "I don't understand.". That means you need to know more.
China is right , I can’t even get a land build , it’s again us too our own gov, u know this anyways
The reason I got CYBEROPOLIS is because I believe decentralization is more important than anything else.
The EU country that drives this probe is France. Their Renault cars are facing the direct competition from Chinese EVs, and very importantly they don't sell French cars in China. Germany's stand is different from France, because they are selling a lot of cars in China, and for a long period of time they also benefited from Chinese government's subsidy for their business in China.
Renault's largest shareholder is also the government of France.
@@larryevans6739 good to know. Thanks.
The EU will protect its auto industry
You made the Electra vid for members only, but I saw it before you did that. Are you really going to shut down your channel if the memo is true? That’s a big call!
And I see it’s true. So what now Viking?
Tesla Shanghai not receiving subsidy but Elon did build there for subsidy. lol
Never go out thinking that you're going get a free lunch, no matter how fancy the restaurant and who you're likely to meet. You will always pay.
Regardless of which country's government subsidizes EV adoption, the ultimate benefit is a greener environment with less gas pollution. Tariffs and protectionism will only slow EV adoption and the free trade market.
Nonsense.
Are Chinese cars any good? Time will tell.
true or false?
European automakers make mostly ICE cars , Chinese make EVs. There should not be any competition. Let the consumer choose
Consumer has chosen. They buy ICE cars and EV sales are dropping or stagnate.
@@Steuben1978 then those Chinese EVs are no threat to Mercedes and Volkswagen. Why is the EU wortied?
@@1rjona Whataboutism.
They need a better name than BYD, just saying.
BYD has grow before start selling outside china, if the goverment helped them, they did It for a long term 🤣🤣
German Chancellar currently visiting China with the biggest CEO groups from all major German businesses. With the collapsing EU manufacture there is mainly two ways to go, US or China. Going to the country who deliberatelly destroy EU probably not wise and those CEOs know it.
BTW, no one knows Tesla China took 61% equivalent of BYD's subsidy from Chinese government, YES, Tesla got a big bonus as well from China, can you imaging US can do this to an foreign businesses?
The US encouraged many Japanese car manufacturers to build factories in this country as long as they employed American workers.
Contrary to what you have been promoting Viking, there is no way all these Chinese automakers can't be backed and funded by the State... so it is 100% guaranteed to be sold under profit for the purpose of killing competition... there is a literal battle to the death that has been ongoing to see which model will prevail, Tesla, built according to cutting edge technology, and allowing profit incentive to guide manufacturing and company development decisions vs a Communist State backing 100 companies which makes negative profit, then taking the top ten and combine them into a 'tier' of automakers, yet in the end China always said it wanted Tesla to copy from... So technically one side stands on its own two feet, the other can't really exist without it to copy from
china ban French luxury cosmetics please
Next generation funds EU? PAC?