China retaliates against EU investigation into cheap EVs flooding Europe

[@thinkingaloud5379]

Japan was subjected to similar treatment by the EU in the 80s and the Japanese had to comply with the unfair conditions as it was a vassal state of America. China is ,however,different and is likely to give as good as it gets from the EU.All power to China!

[@blahz7152]

Better a vassal than conquered by manchuria and mongolia for hundreds of years like china was

[@manimalworks7424]

If we can’t compete, we will blame the competitor. And what’s wrong with that? We have been doing that for centuries.

[@xraylife]

The difference is its not a level playing field - China is allowed to run with a currency that's a 1/6th of what its true value should be, and its large companies get government aid on every front.

[@johntse8655]

@@xraylife wow, what a hypocrite, happy when you are importing other cheap Chinese stuff because of the exchange rate but unhappy because some of the stuff is cheaper than your own.

[@xraylife]

@@johntse8655 Their currency should be valued correctly like other countries. Why should they get special conditions?

[@johntse8655]

@@xraylife who decide on the value of the currency? the country that sells or the country that buys? it does not matter what special conditions, how about the usd, it is just printed paper and the us government kept printing it and yet it holds high value around the world, who decides its value? the users and not the country, if everyone dumps the usd, what will happen? it will become again just paper money. so trying to stop buying from a lower cost country will only raises cost in your own country. as far as for the lower cost country, someone else will buy and they will enjoy more benefit from it while the losers will suffer for it. this is common sense. trade happens because each region special advantage is being traded for other region special advantage and everyone benefits. in fact, regions that protects their own economy do exist already for a long time. see for yourselves what happened to them. as sure as the sun rises, the same will happen to all who did not learn this lesson.

[@xraylife]

@@johntse8655 The Chinese are allowed to artificially fix there rate at a very low point in order to give them a massive unfair competitive advantage in manufacturing contrary to normal free trade practices.

[@iancassie9840]

THESE are the same people that sanctioned CHEAP RUSSIAN GAS PIPED TO THERE DOORSTEP , not much more has to be said

[@danhtran6401]

Was that before or after the Russian invasion?

[@aslampervez2294]

​@@danhtran6401usa is already invaded dozens of country but you didn't sanctioned them

[@danhtran6401]

@@aslampervez2294 why would we sanctions ourselves?...

[@Give_Peace_a_Chance123]

​@@danhtran6401Hahaha Lol Lol😆 😂 😂🤣😂🤣😂

[@yxmichaelxyyxmichaelxy3074]

​ Before. Long before. You have no clue, do you?

[@Mayangone]

China buys about $25+ billions worth of luxury goods from EU. China should put a high tariff on them.

[@skydragon23101979]

Putting high tariffs on luxury goods has the opposite effect.

[@danielwong2333]

China is not punishing EU, just let test their own medicine and bullying tactuc to a kind nation who are keen for trade and commerce. enough is enough

[@Maige2900]

@@skydragon23101979explain

[@jemler3speak]

Real luxury means spending time with loved family and having time to do the things contributed to family and society, those so called "brands" are nothing even collective after 1yr and purely over-priced propaganda industrial junks.

[@larryevans6739]

What is interesting is that China is targeting a legacy industry that is subsidized but not seeing growth. EU is targeting a growth industry in China. While some may point ot government support, current estimates put total EV government support to date at $30 Billion. In comparison, the US has $47 Billion in the IRA, $12 Billion in Build Back Better, and tens of billions more in subsidies (as well as billions in regulatory credit sales) before that dating back to the Bush administration... all spread across far fewer cars. US EV industry is quantifiably more "State Sponsored," so it is a bit hypocritical to go after China.

[@etow8034]

Europe is not even the equation it is as good as finished without cloud capital ! Only the US and China processes cloud capital and every other nation on this earth will have to go through one or both of them to survive in the 21st century ! kzbin.info/www/bejne/jJLXiqWtZdqkoLc

[@eugenec7130]

Not a bit, the EU is absolutely hypocritical to go after China but not Tesla.

[@Anomize23]

⁠@@eugenec7130 ever looked at all the videos posted of BYD catching on fire?. I’m no electric fan but I’ll be in a Tesla way before being in a BYD. Dont get me wrong Teslas can catch on fire, but the quality is not the same. There’s too many videos to miss with them catching on fire in China.

[@larryevans6739]

@@Anomize23 Those videos are fakes. Disinformation.

[@ilovebarcelona9256]

​@@Anomize23BYD EV or BYD Hybrid?

[@Rex-ww4cw]

Still don't get how chinese EV are cheap in Europe. BYD and Nio are selling their EV in a premium price.

[@tellyboy17]

That's because they fear to trigger extra EU tariffs, it's wise to stay under the radar. For now...

[@americannumber2]

Chinese don't understand that VW sold twice the price of Santana in the '90s

[@BMWHP2]

Dealer network. That will erode, when the start to understand the way Tesla works. Since the EV market grows, you dont need those dealers as middlemen. You can get better and more honest info from customers and reviews on internet and can order from internet. That dealer network costs 30% on top of your car. And many times the dealer collects extra on the loan you get from the loans you get trough that dealer network.

[@hayden1770]

It's all western bullshit propaganda. No truth to any of it.

[@jefflittle8913]

If BYD and Volkswagen sell at the same price and BYD has a 30% margin while VW loses 20%, then it is still a problem even if the sales prices are the same.

[@DucaTech]

As if Europe does not subsidize their auto industries.

[@wong3150]

Europe subsidises many industries from agriculture to cars. When they do this it is fair but when others do it this is unfair. Such hypocrites.

[@troyfall6573]

Europe probably does but they are not allowed to sell vehicles in China without building them in China through a joint partneship. If China wants to avoid the tarriffs then they should build plants in Europe and create jobs for Europeans. Europe can not allow the destruction of their auto sector or they will lose hundreds of thousands of jobs.

[@dawebslave3571]

If I were China, the first thing will be investigating the overpricing situation for French women bags.

[@dann5515]

@@troyfall6573 And if China do built their manufacturer in EU. They gonna blame the product made in EU by China's corp are too expensive? Which ever way they will always find something to blame and accuse China if the outrun them.

[@troyfall6573]

That is the point. The vehicles sold by Chinese autos built in Europe should have similar prices to vehicles made with European labor at legacy autos. European nations do not want their auto industry destroyed putting workers out of a job. They want to prevent cars from China made with very cheap labor and government subsisidies from destroying their industries. China has a pattern of destroying other nations industries.@@dann5515

[@silversurfer8237]

It is surprising to see the EU treat the PRC in such a rough manner. The PRC did not punish anyone for Diesel Gate the way the USA did. Even though the PRC has socialist philosophy it has never hindered the consumption of European made luxury products amongst its citizens. The faster EVs penetrate the EU, the less they need to worry about crude oil going to US$150+ bbl...

[@lindenlee3705]

Volatile? You haven’t seen it from Chinese side YET. So far, volatility only came from the western countries

[@tigerlancer]

This is why no German legacy automakers spoke out against China. It was the EU head that had to instigate the Chinese ev in EU probe. China can play the probe game too.

[@troyfall6573]

China started this through decades of protectionism. They destroyed the US steel and solar industry by flooding the market with subsidized products that were sold below the cost to produce them. The US lost most of these industries. Europe and the US are right to protect their auto industries because they can see the massive amount of job losses will result if they don't play the same game. If China wants to sell autos in Europe they should build plants in European countries and create jobs. China requires plants be built in their country if you want to sell autos there.

[@FhillipFry]

Yep

[@wong3150]

This is sour grapes reaction.

[@tigerlancer]

@@wong3150 because China probed the German and French wine and liquor probe first? 🤣🍇🥃🍸🍹🍇🍇🍇

[@vincenttay2812]

Hypocrites

[@Gobhumi]

we have been happily buying cheap china made products for years and most major corps has been manufacturing their products in china for both the china market and their own countries markets for years, and now that china has the best batteries and the cheapest EVs they are investigated by EU.

[@jetli740]

if china start to go after those cheap product, eu would be screw.

[@troyfall6573]

The US, European and Japanese auto companies create a significant proportion of jobs in their countries. If those countries allow China to flood their market with cheaper produced cars from China then it will result in massive job losses for their citizens. China for decades has taxed the US, European and Japanese Autos. They even required plants be built in China and be half owned by China. Tesla was the first auto they allowed to be owned 100% by the company but in return Tesla has allowed them to use their patents and has shared expertise. It has been a good partnership for China and Tesla. If Europe does not require Chinese cars to be built in Europe then you can expect European autos to go out of business and your will have hundreds of thousands of workers out of a job. China sometimes does not play fair. They want the jobs in their country and get angry when European countries try to keep jobs in their countries.

[@jamesmoy1214]

@@troyfall6573you’re talking nonsense and contradicting yourself. China is not allowed to open factories in the US as other countries are like Japan and Korea

[@troyfall6573]

The US has the USMCA agreement with Canada and Mexico. There is nothing stopping Chinese autos from building plants in Mexico. This is what China is planning on doing which will undercut the US auto and likely hurt GM, Ford and Stellantis and put many UAW workers out of a job. Does that make sense?@@jamesmoy1214

[@TheBooban]

@@jamesmoy1214yes they are. Where do you read they are not allowed to open factories in the west?

[@derekfoust4635]

If EU wants to investigate and if EU decide to put up trade barriers or tariffs on only Chinese branded EVs (BYD, Nio, Greely, XPeng, Waling, Leap motor, etc.), they should also do the same for all (Tesla, VW, Audi, Mercedes-Benz, Renault, Citroen, Toyota, Nissan, Honda, Kia, Hyundai, etc.) European, Japanese, Korean, and American branded EVs made in China and exported to EU. Otherwise, it would be unfair. There's a term for this. You can call it out.

[@metalvideos1961]

ofc they wont do that. because those other brands are all western brands. and america doesnt have a paranoia to those brands. because america is so paranoia that they think a teapot from china can spy on them. in fact its so sad that they are going to replace all their cranes at their docks/ports and replace them with Japanese cranes. even though they have used those chinese cranes for decades lol. but all of a sudden they spy on them haha. america is just a joke at this point. well they always where but this takes the cake.

[@georgesbv1]

it's not about tariffs, but lack of subsidy.

[@georgedang449]

​@@georgesbv1It's about racism.

[@jemler3speak]

That's blantantly Racism in a thinly veiled "trade turmoil", in a nutshell China should sue EU for committed hate crimes against Chinese workers for biased Racism that, they targeted products specificly made by Chinese workers on same industrial standard, and denying Chinese worker's creativity for making it cost-effective but twisting it into "state subsidized"

[@profounddamas]

You just can't compare safety/reliability/durability of chinese cars with german/japanese/korean cars, you just can't, they are from completely different galaxies. Did you know there are insurance companies in europe that refuse to insure chinese EVs? I wonder why? And what about over subsidizing chinese cars and price dumping? If you say Europe should accept this BS then you better have a second thought.

[@Flickerbrain]

We all need cheap EV's to be honest. Good on China that they are hitting back.

[@mikafiltenborg7572]

I want a BYD Seagull to 11,200 $!!!!

[@stickynorth]

Ditto! It's deeply hypocritical for people to be anti-Chinese goods while typing on a Chinese-built device while wearing Chinese-built clothing too!

[@beautifulgirl219]

@@stickynorth Total fail in that logic. And I'm doing neither.

[@jfv65]

We need cheap EUROPEAN MADE cheap EVs. That way Europe keeps the jobs and europeans will be productive tax payers. Europe can't stay prosperous if it is only consuming and isn't PRODUCTIVE.

[@AndrewTSq]

China now says they have developed a brain virus.. so well support them if you want.

[@willxin4517]

The first rule of a trade war is the consumer loses. The second rule is that mediocrity flourishes in the “Protected Market”. Third rule is choice of available options is eliminated. Quality is eroded.

[@plau2007]

In fact, in many EU countries, incentives for EVs will go to zero next year!

[@tellyboy17]

That would be true for fair trade on a level playing field. The second one side starts to weaponize trade as China does, things become very different.

[@MMLL369]

What you gonna do when EU customers are so rich that they refuse to buy EVs at lower prices? They just wouldn't wanna buy Chinese EVs until the price goes up.🙃

[@All2Skitzd]

Look how it played out when they tried it on Australia beef and coal!

[@All2Skitzd]

Remember they got their feelings hurt when Australia wanted to know more about the thing that ended many people

[@etow8034]

Chinese Government always sort of warns the dumb moves by the US or European governments with a sort of questioning ..."Do you really want to go down this path ?"

[@tellyboy17]

China has a policy of fear and intimidation towards trade partners.

[@judedornisch4946]

The answer is yes they do. Governments have basically decided they are done allowing even their businesses to continue to finance China. This is a slow process but already the Debt crisis in China is being felt. This is at the same time many more Asian economies are exploding giving Europe and the US other markets to buy and sell from.

[@jasonmugridge]

@@judedornisch4946 I think you'll find that China has funded the Wests debts and also helped our government manage our inflation which gets rid of our debt. Sadly these days we need the Chinese far more than they need us.

[@IllumiBrain]

US or European governments are jealouse because they can't compete with China so they will find ways to cheat, blame, finger pointing.........nothing new.

[@All2Skitzd]

3 shadowban replies

[@danielmadar9938]

The Europeans can blame only themselves for their EV incompetence, which is similar to their energy fiasco in 2022.

[@stickynorth]

Well said! Nobody forced VW to cheat in the diesel scandal then make weak-sauce EV's... They could have been the Tesla of Germany if they believed in the technology... Clearly they don't... Just like GM or Toyota.... If you don't believe, you can't achieve!

[@bearcubdaycare]

To be fair, it's proven hard for legacy automakers anywhere to build desirable EVs at a profit, or at all. Lots of unwanted legacy maker EVs pulling up in lots all over the world, while certain EV-only brands sell ever faster, and have even taken the best selling car model slot away from the Toyota Corolla. Hyundai/Kia has done okay in EVs (though not at a profit yet I understand), BYD of course, few others.

[@patrickmckowen2999]

But legacy auto makers back in the day initial bragged how they could bury a company like Tesla if they thought EVs were going to be popular. Now they can't put one model out that can make a profit. Legacy automakers are BSers all the way until they're up against a wall and even then they will try to BS their way out of it. Cheers

[@tellyboy17]

Maybe if they had the sort of state support Chinese carmakers have they would do better.

[@patrickmckowen2999]

@@tellyboy17 they are all subsidized in some manner everywhere. Cheers

[@lordlee6473]

This is to put France in its place. Also, China doesn’t get angry, there is no need to get angry when you have so many cards to get even

[@troyfall6573]

China is not getting even. They tarrif US and European autos. They are upset that those regions push back with similar tarriffs and restrictions. China doesn't like to play fairly.

[@danhtran6401]

You can still talk after US slapped you with the chip sanctions?

[@philiptaylor7902]

I can’t see that this will go down well with European consumers. Some very popular and relatively cheap EV’s like the MG4 and Dacia Spring are made in China.

[@ataksnajpera]

EVs are not popular in EU like in china. Petrol cars are much more affordable than any EVs from china. End of story.

[@klaushoegerl1187]

Market share EVs sold 2023: China 23%, EU 20%. Not much difference.@@ataksnajpera

[@timaustin2000]

Europe wouldn't need protectionism if their car companies made half decent EVs. Simple, really.

[@BMWHP2]

That cant. The EU has unions that will prevent more robots and giga castings. The unions rather have dumb human slaves on the production lines, that pay their union fee for the union managers. When computers, robots and giga castings are doing the dirty work, who will pay the salary of the union bosses? Think.

[@fortheloveofnoise]

European car companies wouldn't need protectionism if their countries funded and pumped them full of money like China does°°

[@ricksworlddereaux2397]

Europe got way higher Standards you fool then china,and not uses slavelabor,and not got Statesubsidaries..😂😂you cannot compare a german top notch car with a chinese junk car..its just foolish.

[@ricksworlddereaux2397]

Europe needs protect it own Market..if not massunemployment and poverty will hit Europe hard..🤔🇪🇺

[@ricksworlddereaux2397]

Tesla is a US Company. that produces also in .Germany and it is a puppet from the USA..😂😂..that does all what the USA says,unless its against the german economy and prosperity..

[@antonywooster6783]

610 The purpose of going after Chinese made EVs in Europe (Except Tesla) is to collect Brownie points in Washington.

[@yome1562]

He is volatile? Reacting to the actions taken by US and EU (most of them unfair and based on unproven accusations) is to be volatile? China has not reacted to many of the measures taken by US and EU. But when she does, she is being volatile 😅

[@capnkirk5528]

Xi is not letting the big US corporations pillage China. They'll show him! Except China is not Cuba, Venezuela or Iraq and those big US corporations may get a surprise when their supply chains get cut. When China finishes getting to energy independence (and you can bet they're going there) and stops losing all that trade money to oil (and coal) it's going to be a different world.

[@rodgal87]

In an Australian born Chinese and recently relocated back to shanghai for work. The amount of EV cars here is crazy all with state of the art technology. For the price of a Mazda 2 hatchback back in Australia, you can get a premium chinese brand EV SUV here in shanghai. Not to mention petrol here for a tank is minimum $100, whereas the chinese government subsidizes free 3 years of charge for new EV purchases. Western governments would rather play politics than see their citizens be able to access affordable EV cars.

[@Peter-ox8lj]

West's double standard is 😮

[@troyfall6573]

China has the double standard. They require foreign autos to build plants in China and employ chinese labor. But when European leaders work to keep those jobs in European countries then China cries foul. China has decades of history of destroying local manufacturing in the US and Europe by subsidizing their industries and selling products below the cost to manufacture. The US and Europe benefit by having their citizens employed instead of unemployed and living off the government. China destroyed the US solar and steel industries because our politicians did nothing to stop it. Trump was the first to stand up to them and match the tarrifs they put on US autos.

[@Peter-ox8lj]

@@troyfall6573 so many false statements just to push agenda. 1. China never forced any auto maker to build plants in China nor can they. 2. Foreign brands employ shit load of foreigners in china, go see yourself 3. Business people go where there's hard working skilled labour, no one can destroy yourself other than your laziness 4. West subsidize shit load to their companies either directly like GM Boeing Intel or indirectly through funds etc 5. matching tariff won't do shit when you are not skilled and smoke weed all day You are not dealing with natives years back, victims game and gaslighting won't work as well

[@Peter-ox8lj]

@@troyfall6573 and they deleted my comment lol so much freedom of speech

[@bpeng2000]

@@Peter-ox8lj This happens a lot on youtube, at least to my posts.

[@gelinrefira]

@@troyfall6573They don't have to build their factories there. The funny thing is that what you described is exactly what the US and EU has done to the Global South for decades. Now it is being done to you, you cry foul? You use the same kind of attack on other people and they didn't have the power to retaliate. Now China has the power to retaliate and you whine like little b*tches. Pathetic.

[@dennyliu7494]

First brandy, then beers, then red and white wine, China has many options.

[@lktan224]

Do not forget their branded bags like LVMH and Hermes’.

[@AmerBoyo]

Perhaps if our useless Western governments had actually properly invested in electric vehicles and wider “green” technologies we wouldn’t be in this mess! All credit to China for seeing this tremendous growth opportunity! Our lot are still thinking about perhaps having a meeting about finding a pathway to perhaps initiating the shift to this tech!

[@taylorc2542]

I'm shocked that a European government is actually sticking up for Europe. They should copy Chinese laws and require Chinese companies form joint ventures with VW et al.

[@AmerBoyo]

@@taylorc2542 Well, if governments particularly in Germany had supported their solar industry instead of letting China scoop them up (just as one example) we’d be in a better position. The fossil fuel lobby has handed China a MASSIVE win by misleading governments and people alike. Shameful really.

[@229andymon]

I disagree with your explanation of why Western big auto is in this mess. Yes, they have been asleep at the wheel and yes, China has been the smart to their dumb, but in the past, big Western auto, energy and oil & gas could manipulate the global economy to suit themselves. China is ignoring the old rules and is big enough for that to matter.

[@eddiegill]

Governments have invested a lot in green tech but as with government it’s political and spent inappropriately …Solyndra

[@229andymon]

@@taylorc2542 I expect the Chinese would be generally OK with that. They already have several such ventures. Volvo cars being a good example. Either way, they win. What I reckon European companies need to do is try to compete with China, albeit they’ve left that really late.

[@unifieddynasty]

A flood of cheap EVs doesn't sound too bad. 😂 Here's hoping EVs can become super affordable worldwide because I want one soon.

[@advancetotabletop5328]

I wish the greenies would let us have hybrids, b/c “range anxiety” is a thing. I‘d like to see more businesses adopt EV’s b/c that typically drives down the cost and improves the technology.

[@unifieddynasty]

@@advancetotabletop5328 I hear ya dude. Hybrid feels safer, like having a 'backup' / 'spare tire'. Probably better until fully electric gets better tech.

[@Kimthien1]

Tesla could not charge in Usa in the harsh winter but why Byd can ...who is cheap & sell at very high premium price ...profiteering capitalism at it best at the expenses of consumer

[@richard--s]

Where are the cheap imports in Europe? Can someone from the EU please answer this???? 40.000 or 50.000 is not cheap at all. What else can the EU do wrong, against the people in Europe??????

[@shadowninja6689]

For real, I read an article comparing the prices of BYD's best selling SUV, the Model Y, and VW's best selling EV SUV. They were all within a few thousand euros of each other in price, and each cost over 40,000 euros. Yes the BYD was the cheapest by 1 or 2 thousand euros, but it's not even the cheapest price they've ever sold it for in the EU, and it's a lot cheaper in China than in Europe.

[@jimgraham6722]

We might think they are subsidised but are they? Particularly to any greater degree than western and asian car manufacturers? Globally vehicle manufacturing is heavily subsidised and/or 'guaranteed' by governments in various ways.

[@georgedang449]

There's no subsidies on production. China funds research, then makes those patents available. This is why EU can't make a WTO case, and even in their internal probe, they have to rewrite new rules/laws in order to rename joint research as "indirect" subsidies. This is also why Chinese non- "subsidies" were so effective while European and American subsidies were not - the former were research grants that make future EVs better, cheaper, more competitive, while the later creates overgrown domestic cattles incapable of surviving on their own. The reason Tesla is the only non-chinese EV maker that's competitive, was that they managed to raise enough funding on their own to sink into costly research, while others just did engine swaps on their ICE cars in order to qualify for production subsidies.

[@johnpereztwo6059]

Europe best foot forward is to partner for legacy ice firm to partner with chinese ev and produce them in Europe! Simple win2 solutions .

[@Humax918]

There is no cheap EV, only less expensive EV!

[@229andymon]

JMEV selling a sodium battery EV in China for $8400. That sounds cheap to me.

[@centralkingdom8141]

@@229andymon only for the local

[@229andymon]

@@centralkingdom8141Not China’s fault if the West impose punitive tariffs.

[@fortheloveofnoise]

only way to get a cheap EV is to live in China or Japan

[@ricardobarradas9315]

With time, technological advances and mass production, prices will fall sharply. The curve is very similar to that of mobile phones.

[@steveoconnell3228]

Not sure about cheap Chinese EV's, in the UK the base model BYD Seal costs £46K or $58500 US dollars

[@s1197]

who is taking all profit between China and Europe (UK) price ????????

[@All2Skitzd]

£46K BYD Espionage?

[@gumonmyshu]

It's probably way cheaper but your dealerships mark the prices up. It's not the Chinese, blame your greedy countrymen.

[@grouchypatch9185]

Wow.. I thought it was around £25K in Australia.

[@wataric1600]

What exactly are those alleged subsidies.. on d production side? As far as i know China does provide subsidies..but on d consumer side though.. like many others. There are hundreds of EV car producers in China. Therefore their production has to be v efficient n cost effective to survive. Worker's cost are also not as high as in d West.

[@Nas_Atlas]

I wish they would flood North America with cheap EVs. We are getting fucked by the big three over here. A new vehicle costs as much as a house did a few years ago. One way or another it is all going to have to change quickly over here now.

[@mikafiltenborg7572]

I want a BYD Seagull to 11,200 $!!!

[@stickynorth]

100% agreed. Only the Vietnamese automaker Vinfast seems realize this and is now pivoting to bring in the VF3 mini SUV to the US/Canadian market because they realize they'll have the entire space to themselves since nobody wants to sell affordable EV's here!

[@beautifulgirl219]

Tesla Model 3 costs $43K before the $7500 rebate, not including rebates in some states. The last time a home in the U.S. averaged that price was 1973, 50 years, a half-century, ago. Were you even alive then? Factually incorrect comment and not remotely close. Tesla Model 3 is cheaper than the average ICE car in America. Buy a car online from Tesla instead of from a stealership. Much better value.

[@Nas_Atlas]

yes@@beautifulgirl219

[@justinr9753]

Keep your spy car away from me

[@hcbabyssian8936]

We've seen this done to Japan in the 80s. The tactic succeeded because Japan had been under US control since the end of WW2. This won't work with China. Not only can they do a tit-for-tat play against the EU, but their moves are likely to do more damage to the EU than the EU's moves against them. Also, because the EU nations had decided to be puppets to the US, did away with cheap Russian gas and replaced it with significantly more expensive US gas supplies, their manufacturing sector ended up losing its competitiveness. Obviously, with that setback, their cars will no longer be able to compete with China's in the global market. As they say, play stupid games, win stupid prizes.

[@andydondy6444]

Excellent form China 👍👍👍

[@林振华-t4v]

That is not really retaliation per se. It is just waring shot. The EU coporation are partners that worth to work with. If anything, China wont want to burn that bridge. The liquor investigation is just a slap on the wrist, let the liquor company start making noise because they are collateral damage. It will sure make those liquor manufacture unconfortable. But at the end, I dont see any real damage done. As matter of fact, all Chinese manufacture price Ev in Europe are higher than their domestic market, and they intentionally handle it this way. So, I have been saying, the accusasion of dumping EV to European is factually false. The whole fiasco make EU look stupid. It just giving the Chinese leverage on disputing the case on wto

[@MMLL369]

True, and such investigation was only pointing at the French because they were the one who brought up the EV investigation motion to the EU parliament.

[@All2Skitzd]

Remember when they tried that on Australia beef and coal? 😂

[@oldkingchuan9799]

@@All2Skitzd Remember when Australians sacked the previous government? Their new government even has a foreign minister with Chinese descent.

[@desmondchia6316]

Chinese mentality. If you can’t compete, you innovate, and give the customers what they want. Western mentality. If you cant compete, you surpress or kill off the competition thru politics.

[@Qiangyu]

Going after Chinese made cars, but not Tesla‘s made in China. These bunch of hypocrites!

[@Time4Peace]

It can't be dumping if the price overseas and in China is the about the same. It just means greater economy of scale and efficiency in production.

[@jonathanjacob5453]

Chinese EV sales are small today but would probably ramp up quickly.

[@greger589]

If Europe had not danced to the USA's false tunes, I think the relationship would have been better.

[@stickynorth]

Bingo...

[@jeffg4570]

Are you saying it would’ve been better if the Americans had danced to a European tune? (Great… now I’m thinking of the Beatles and ABBA). Not sure where you’re heading on this one.

[@medman36]

Interesting geopolitics. While Europe just loves taxing to an almost addictive state, China feels the brunt of honest pay for hard work a volume cost. They have however apparently felt the lucrativeness for selling for a profit on the EU market, on top of EU tax. No wonder many Chinese EVs run into sales issues. Perhaps a fitting analogy to stop addiction at its root by posing limits on the liquor industry seems fitting to the irony of the context at hand.

[@richardmarshall159]

Has the Eurozone held themselves superior to China in some respects that are reflected in their trade policies,not unlike our own country? The truth ,or the facts may be a bitter pill to swallow

[@alpersinayaman1294]

This is perceived all wrong by everyone. EU politicians actually don’t like the idea of: - strong rich Europe - affordable personal mobility for everyone There is no other feasible explanation to what they are doing. Push the competition & innovation. Protectionism didn’t help against Japan, didn’t help against Korea, won’t help against China

[@washington163]

Von der Leyen: European consumers do not deserve cheap and high-quality chinese electric cars. They have strong purchasing ability and are more suitable to buy expensive European electric cars.

[@davidlim5]

Tariff on Chinese EV, EU buyers will have to pay just like those American goods too.

[@philippemary-t2v]

Great video as usual! EU is accepting Tesla because cars are being produced in EU. If BYD is to build a manufacturing plants (or more) with Battery production as well, then EU will be okay. China needs to create those jobs within the EU. Maybe it is something in the making?

[@scottmcshannon6821]

BYD is building a plant.

[@Fordance100]

The risk is too high to build anything in Europe after EU seize Russian assets.

[@scottmcshannon6821]

1 i dont feel at all sorry for russia, they should think before starting an uncalled for war. 2 maybe a good thing, make china think before starting a war. and its too late BYD has already stated building a plant in europe.@@Fordance100

[@troyfall6573]

December, 2023 BYD announced it is building a plant in Szeged, Hungary. @@Fordance100

[@jamesmoy1214]

@@scottmcshannon6821 you are so uninformed to point of hilarity

[@andrewsarchus4238]

Chinese EV vendor BYD are doing well in Belgium - companies offer BYD cars to employees. 60% of cars in Belgium are company cars.

[@lancpudn]

The legacy automakers knew this day was coming way back in 2015 when the Paris accord was signed but, have had their heads in the sand hoping it would all go away. They are still fighting tooth & nail to delay the inevitable for their own shortcomings in transitioning to electric vehicles. I have zero sympathy for them & some of these dinosaur companies will no longer exist as we know them today.

[@229andymon]

I agree, but I have sympathy for the thousands of workers who’s jobs will be at risk. They’ll pay the heaviest price for corporate leadership incompetence (and probably end up getting blamed).

[@johnmoriarty4974]

The legacy brands paid too much for labour, their hands were tied by deals. They have no way out.

[@nicksonsicnawa9607]

If you don't beat them ban them

[@jetli740]

they learn well from their master

[@xdgao3015]

europe saw.the thunder.on the horizon and panicked. simple as.that.

[@arunanarina1316]

It's not "Europe" It's only Germany and France

[@xdgao3015]

true， but these two are the decision makers.@@arunanarina1316

[@TD-yj8ch]

It’s ok Europeans can buy whatever they want. China will do the same. At the end of the day, any country that doesn’t make cars will end up buying Chinese EVs because they are cheaper and better. The end of globalism and comparative advantage is here. May the best country win, and we all know who that will be with its size and economies of scale.

[@ablam8]

For 20 years, VW group in joint with China, sold millions of cars . Every taxi in China was a VW. VW even made special sizes, like more back seat space. Europe should vent their anger at USA, which is EU biggest problem.

[@slovackoinfo]

China has never allowed European cars to be imported into China. VW group sold cars made in China by Chinese companies called VW. The only thing VW has from China is an entry in the statistics on the number of cars sold with the VW name. China can do the same. Sell in Europe cars made in Europe by European companies with the name of Chinese companies.

[@MMLL369]

@@slovackoinfoOh yes Chinese do import cars made in Germany and other EU countries, folks just need to pay the extra taxes.

[@jasonmugridge]

@@slovackoinfo and they've made an incredible amount of profit in the process. They can import to China, but there is import duty payable, just as a Chinese or US pays when it imports a car to the EU.

[@ablam8]

You don't know it all. Where does China get the Porches from? @@slovackoinfo

[@slovackoinfo]

@@jasonmugridge You're kidding me. Incredible profit means 10% of the total profit in the case of VW. In reality, that profit doesn't even exist. It cannot be included in the group's financial statements. Why? They can't export the profit from China.

[@Gobhumi]

Im no fan of legacy and no fan of elon or xi, im with EVs, solar, wind and batteries. make 'em good, make 'em cheap and save the planet. AI is already advancing the tech, the tipping point will come sooner than later.

[@capnkirk5528]

Yup. I WAS a BIG fan of Elon's until he went full bigot/racist authoritarian. I AM a fan of Xi, he's done a competent job for the Chinese people who are, on average, much better off than they were before him.

[@Steve-318]

@@capnkirk5528 Your commie is showing.

[@capnkirk5528]

@@Steve-318Your McCarthy is showing ... No not that idiot Kevin, the original one.

[@grouchypatch9185]

​@@capnkirk5528 I'm with you, the credit goes to the deserving. The commie labeling is a warped thinking.

[@natsu78999]

German love expensive things,from gas to vehicles 😅

[@realestatenow]

I think there are geopolitical aspects of the EU decision. The current EU leadership is very much controlled by and subservient to the current US leadership. I would classify the latter one as overly aggressive in its foreign policy and especially towards China. Let’s all hope that these trade wars don’t become hot ones.

[@troyfall6573]

Lets hope China does not put European autos out of business thus putting hundreds of thousands of workers out of their jobs. What happens to the European economies if they lose the auto sector?

[@jamesmoy1214]

Finally, a sensible intelligent comment! 👍

[@jamesmoy1214]

@@troyfall6573use your brains and produce something else or sit back and drink your fine wine and look over the miraculous European landscape and enjoy life for once! Time is getting short before the Stupid bickering American politicians start shooting off their insane Nuclear arsenal, the only thing they have left.

[@wong3150]

You are right. The US is the evil one.

Europe should look for its own problems. The breakthrough development of electric vehicle technology is irreversible. European car manufacturers should cooperate more with Chinese car companies for win-win results. If Europe engages in trade protection, it will go to the United States to sell cars and engage in cruel competition with Japan, South Korea and the United States. competition. European cars have been making money in China for decades. We cannot start to engage in trade protection just because China starts selling electric cars to Europe. Europe and China are very complementary. If they cannot be sold to China and Europe does not have such a big market, many car companies will go bankrupt. This is irreversible. The world is so big. If you don’t sell to China, you can only sell to the United States and compete with Japan, South Korea and the United States. Don't even think about other third world countries. They don't have such a big market, they can't afford expensive European cars, and they can't compete with Chinese electric cars.@@troyfall6573

[@johnfrancis4401]

Sam you have told us VW sales have fallen precipitously. So surely they no longer make 40% of sales and 50% of profits. On another point :- the EU seems to be implying the dumping of electric cars YET Chinese cars sold in Europe cost almost twice as much as the identical cars sold in China. Surely dumping implies selling at a loss?

[@REwing]

Most interesting, while the public sleep !!

[@stuartbrown1569]

So many car companies, are so far behind the Chinese, the latest tactic, is to buy Chinese car companies, for a song due to the ferocity of competition, in China and strip mine them, of production methodologies, it’s good tactic, the Chinese learnt so much from Tesla. And Australia and the United States, on solar panels, Europe on windmills, to make gigantic factories, so if we learn about their factory processes and techniques, we can make them ourselves using technologies, we developed.

[@qiaohong14]

Do you guess Tesla has learned a lot from Chinese people?

[@stuartbrown1569]

@@qiaohong14 They could have learnt a lot about supply chain management, Lithium Iron Phosphate batteries. Most of Tesla's batteries have come from China, they could have learnt a lot about factory building, it only took a year, for the Shanghai factory to be built. That's a combined Western, Eastern industrial achievement, that typically happens, at a time of peak industrial revolution, like the roaring twenties.

[@alocinotasor]

Retaliation= Self Defence It's absolutely fair.

[@eIectrostatic]

Xi Jinping "volatile"? LMFAO, is this some kind of offhand joke? Xi Jinping is the coolest cucumber on the block, never emotionally unbalanced and always poker-faced and mild-mannered, thoughtful in his words and deeds, no matter the circumstances. Maybe you mistook him for your average Western leader with regular, virtually daily temper-tantrums?

[@janisvaskevics93]

A fanboy, i see...

[@timoliver8940]

Tesla is reported on the news this morning to be having to shut down production for 2 weeks because of the shortage of parts caused by ships avoiding the Red Sea / Suez Canal route and going round the Cape of Good Hope, an 11000 miles longer passage

[@eIectrostatic]

​@@janisvaskevics93Oh, the cosmic irony of someone from the Baltics calling others "fanboys" just because we don't volunteer to clean Uncle Sam's pipes 😅 Well, at least your object of fanboying this time around is not moustache man, in the grand scheme of things that's an improvement I guess 😉

[@peacehippietrollster1120]

​​@@eIectrostatic Nice comeback. Yes he is a slavic c..n

[@janisvaskevics93]

@@eIectrostatic a troll with meaningless name started to talk about great scheme of things. Ok.. what do you know about Baltics, little man... We have better people and fresh air, compared to tofu dreg country.

[@jojacobs4355]

I could go for less alcohol export sales but cheaper EVs to be frank 😅

[@ISuperTed]

EU: “We’re going to investigate Chinese EV prices in Europe”, China “Don’t make me angry, you wouldn’t like me when I’m Angry” 😂

[@229andymon]

Or…. Europe floods China with cars for decades, making enormous profits doing so, and then manufactures some BS case to stop the Chinese having the temerity to try to sell some back to Europe. The EU is panicking and drawing the drawbridge up against better, cheaper Chinese cars because they’ve been asleep at the wheel and are now far behind China. I reckon if I was China, I’d be angry too - and I’d want to do something about it.

[@X2X011]

See this is the average viewer of this channel, oblivious to what's actually happening. China can't do anything if they could they would have done something over a year ago when the US, Japan and Europe all blocked them from getting cutting edge chips and equipment to make those chips. Putting some tariffs on EVs is nothing compared to removing access to the best microchips on the planet.

[@taylorc2542]

@@X2X011 Could be bots influencing the comments. CCP spends enormous resources on that.

[@slavko321]

*Update* EU sends a snickers chocolate bar to china.

[@jerryfish09]

@@X2X011China doesn’t want to do it, because they want to push and focus on their own chips manufacturing, instead of just do a war. But this EVs is different, because there nothing need to improve more, China is already the leader on the EV cars.

[@johnpereztwo6059]

Byd in Europe is not selling well. It is grossly overvalued .almost double the price in china . Chinese are super smart to play the European game .😂😂😂😊

[@miti4045]

So they have the best selling EVs like MG and Volvo, while EU car makers dont sell in China and they want to complain? Is this a joke?😂

[@hclau218]

I would like to use the M word on you but Viking don't like that, though it is obvious you are! EU car companies makes 50% of their profits in China and you actually said "EU don't sell any cars in China"? Just how M are you?

[@marcs5117]

Eu stlll sells alot of ICE in China. EU doesnt buy chinese ICE. Why is eu complaining?

[@stickynorth]

Same happened when Boeing sued to prevent the Airbus A220 from being launched in the USA... A sad pathetic rent-seeking attempt at getting money for nothing...

[@adamiskandar5107]

Did you listen carefully? He said that Volkswagen, 50% of their profits come from China. Probably other luxury brands such as Mercedes and BMW also derive a high %age of their profits from China.

[@pauli2753]

No 50% can not ccome from China. It is BS, as usual, from electric bullshitter... Only roughly 15% of revenue comes from China and that would mean that their profit margins would be over insane in the most competitive car market of the world.​@@adamiskandar5107

[@cayminlast]

If only the cost of an EV was well below that of an ICE vehicle, people would be more willing to own one.

[@timaustin2000]

Just needs to equal it, surely? Running costs are far lower. Those cars are coming this year.

[@jasonmugridge]

I bought my EV over 4 years ago and it was cheaper than the ICE competition even then.

[@fortheloveofnoise]

​@@jasonmugridgemy car was $2500 a few months ago, show me an EV with over 400 miles of range like my gasoline car for that price that isn't in need of expensive repair

[@jamesmoy1214]

It’s a catch 22 isn’t it? A capitalist lacks the socialist mindset to act in conformity with the whole to create a benefit for all! In fact, they’ve been propagandized to fear that natural social compulsion to do the right thing!

[@timaustin2000]

@@fortheloveofnoise my Ioniq 5 has 22k on the clock. No issues with range. No need of repair. That's well beyond the first driver lifespan of the average car.

[@artel6225]

Shortsightedness of the EU feels like protectionism - an EU own goal. Cheaper EV means better affordability entry point & better availability of charging infrastructure. EV prices are far too high in the UK & recharge station costs are higher than equivalent petrol costs often. We are seeing plenty of EV owners posting videos shorts weekly warning others not to buy an EV

[@johnpereztwo6059]

European product difficult to find alternative market with its luxury high prices . China product sold in Europe fairly easy to shift to other market in Africa . South America. Middle East . Russia .

[@groundreality5360]

we have never thought Europen leaders are so much of foolish, Cheap Russian energy and luxurious EU products for China and Arab markets is the lifeline for european lifestyle,

[@kanms5431]

To be fair, western companies operating in China should pay western-standard salaries on par with their home countries to the Chinese staffs. Western products should be sold at the same numerical value in Yuan, not as per exchange rates (USD vs Yuan).

[@williamppl3624]

It's all business.

[@petermclaren2665]

Why don't European governments subsidise their car manufacturers too? They don't have to be stuck in the past restrained by some rules based international trade order. They can change it if they want. China has a different system and if Europe wants to become competitive again it needs to adapt and compete rather than complain.

[@229andymon]

There’s a big difference between the auto industries in Europe/US and China. Western legacy companies have massive assets (factories etc) constructed around ICE manufacture, where China’s companies have largely started from an EV base (BYD stated as a battery company). So, this means that what were considered huge assets are now moving toward being huge liabilities. 2 different support scenarios.

[@aesma2522]

Let's see if China's "different system" still works if the West stops buying its stuff.

[@deepseer]

@@229andymon No. Most EVs sold in China are from legacy companies: GAC, Chang'an, Great Wall, Geely, Chery, SAIC-GM-Wuling. And even BYD can be considered a legacy vehicle company - it sold around 40k vehicles every year before the EV boom, and more than half of them were ICEVs. The "new companies" mostly focus on high-end vehicles (except Hozen Neta).

[@229andymon]

@@deepseer OK, fair enough.

[@qiaohong14]

Because when subsidizing in Europe and America, the term "subsidy" is not used.

[@dan-bz7dz]

I doubt he's angry. But of course they are going to retaliate against blatant violations of trade rules.

[@meime11]

The selling price of "cheap" Chinese-made EVs in Europe is 40% more expensive than the price that they are selling in China.

[@jetli740]

Eu have a lot of headaches on this, how they justify the 40% increase as dumping maybe someone plz send them a box of calculator

[@jasonmugridge]

And also far more than what the Europeans are selling cars for in China. £12,000 for a new ID3 anyone!

[@jetli740]

@@jasonmugridge if china play the same game then EU car like wv will be screw

[@BACA01]

@@jetli740 china never played fair and most of the time it didn't get attention, now if it gets attention its screwed in every high tech field

[@jetli740]

@@BACA01 play fair...explain how and why. I bet you cant, you just repeat brainless word salad

[@axli13]

Does retaliate mean eu launch 1st strike and the victim retaliate as self defense?

[@thomasreilly6362]

The fossil fuel industry and vehicle manufacturers in Europe have been running a war on EV’s and green technologies for over 10 years. EV vehicles fires are front page headlines even when the vehicles are hybrids. Green energy is continuously labelled as unreliable even though it is producing 30% or more on any given day. But the biggest draw back to EV in Europe is cost and infrastructure.

[@plau2007]

The biggest cost in EU are the environmental regulations! In China is doesn't matter so much. If Chinese producers want to sell in EU they must produce in EU. Sorry, but this is the way things work.

[@229andymon]

Yes, they have, and before the rise of China, they would probably be controlling the pace and direction of the EV revolution now too. Which would be behind what it is now. Chine has arrived as a global economic powerhouse and isn’t playing by the old Western rules. The Western auto makers seemingly haven’t cottoned on yet.

[@229andymon]

@@plau2007 Do you have evidence that Chinese car manufacturers directly benefit from a lack of environmental government policy as compared to European ones?

[@plau2007]

@@229andymon Google for "In your phone, in their air "

[@johnpereztwo6059]

European cars are the best in quality and design . Problem are the union . Bloated price tru inflated high labor cost . Tesla is fighting the union swamp single handedly . In Sweden and in Germany. Ultimately tesla wins tru use of humanize robotics. 2024 will be the tipping point

[@raulmcgangbang6890]

Chineses eves are 5 years ahead of the west. Nio has the most innovative battery swap business model that blows Tesla out of the water.

[@protagonist9716]

Tesla has better panel gaps, the largest in the industry

[@ricknoe942]

Battery swap is totally unnecessary, Tesla and others tried it out years ago and with today's batteries and charging network, it's simply a non-starter.

[@raulmcgangbang6890]

@@ricknoe942 Nio has patented battery swap tech that is completely automated and it can be done in 3 min. Battery as a service is the future. Battery liability is the reason people don’t want eves. This changes everything.

[@Sidekick618]

@@protagonist9716😂😂😂😂😂so true

[@Sidekick618]

@@ricknoe942fixed battery EV erupted in fire in a house garage in Colorado on January 10. Google it.

[@multipolarworldorder]

Australia has a 10k dollar tax on all new EVs sold in Australia. Alan Fels was very clear in what he said.

[@jamessimmer725]

Europe prioritized labor unions and destructive government regulation. Costs skyrocketed. Efficiency and innovation plummeted. Now their economy can't compete with foreign markets. Despite Europe exporting cars to China for decades, now they have to block China from exporting cars to Europe. You get what you deserve when you choke free markets: poverty. Hope it doesn't happen here.

[@slovackoinfo]

China did not allow importing cars from Europe! Not even owning factories in China.

[@capnkirk5528]

Yup ... far better to be serfs in the country with the most powerful military in the world than free men in a "socialist" country. Didn't realize you were a serf? Good, the propaganda is doing it's job. Healthcare? Serfs don't need that ... Education? Don't give them that, educated people revolt ... Quality-of-life? On average the US quality-of-life is decreasing, like your life expectancy ... But hey, believe what you want, you will anyway.

[@philipjosling9511]

Hi Sam you have to remember that 95% of all Tesla part are made in China. the twist is that Parts like the suspension are made by a German owned company's with a manufacturer base in China This so complicates the trade tariff issues and also Tesla has a car assembly in Germany (smart move ) The Chinese are doing the same thing with tarffs as they did to the Australia wine industry. ? Sam you need to read TESLA MASTER PLAN part 3 ELON is trying to save the humanity candle.

[@TKX18]

I don't blame them, if they don't stop cheap Chinese evs they will be without jobs and no jobs means no tax and no tax means they will be broke 😊

[@Longtack55]

Free trade comes with conditions. Complain to the WTO. The European legacy auto makers have been sluggish in creating good e.v. technology. China imposed huge tariffs on Australian wines when Australia protested Chinese interference in their politics.

[@TKX18]

@Longtack55 I don't think EU cars are slacking its just that it is more expensive for them to make cars because they actually care about the well-being of their workers. On the other hand, a chinese minimum wage is what $3 an hour vs $13.50 in germany. Hmmm, I'm not into economics, tbh I may be wrong.

[@directxxxx71]

​@@TKX18 Everything is 5X or 10X cheaper than Europe, transportation, living costs, food, products etc.,.. So they live better than people with 5X of their salary in Europe.

[@travellerswill]

You mentioned Alibaba partially owns SAIC? Do you have a source on this? I just know Alibaba has a small stake in Xpeng from the initial IPO.

[@AS-cd5wf]

Whoever expects any intelligent „move/ decision“ from an European institution, I‘m afraid, has not understood that system.

[@229andymon]

Perhaps a wee bit harsh, but it can’t be argued that a lack of intelligence over the future of the auto industry got them where they are now.

[@tyrantwitness2482]

China punish Europe? That'll give them something to talk about at Davos next week!

[@hemaccabe4292]

Still praying for your family.

[@charleshart2664]

The Chinese government treats all EV manufacturers the same including foreign manufacturers, which is why Tesla built a gigafactory in China. Tesla's cars get the same discount as BYD

[@juliahello6673]

Chinese EV sales in Europe are small but the EU knows that they won’t be small forever. They are trying to avoid the inevitable deluge. So nice that we humans have put aside our tribalism to work together to try to save our species from extinction 🙄

[@MrGMawson2438]

Afternoon mate

[@chris5248]

Most Teslas sold in Europe come from Germany not china.

[@alancobbin]

Wrong,model 3 isn’t made in Germany,which car just got a major refresh ?yep model 3 highland.

[@chris5248]

@@alancobbin most tesla’s sold in Europe are model y’s made in Germany. Germany had a run rate of 5000 model y per week already at the beginning of 2023.

[@icosthop9998]

Sam mentioned that Teslas coming from *"**#CCP_COMMUNIST_CHINA**"* are not on the list of being banned or compromise.

[@S-time-8033]

Cheap Chinese ev in Europe is definitely a liar, as BYD seal and sell more expensive than Tesla model 3 in UK and other part of Europe. Europe just give anyhow reason for trade protection and punish China car maker. On top of it, making car in China a fact much cheaper than Europe because labour cost, China no stop Europe to cut salaries of European counterpart. They could do so if they wish!

[@urkn8963]

This will hurt Europe definitely - still Europe, USA and also Australia have been and are still naive on China. All these countries have had not the same options to invest and or buy Chinese companies as China had been able for many years in those countries. There one has to look much tighter and Chinese companies should not get any more benefits/options as Western companies in China.

[@ataksnajpera]

No it won't because europeans see cars from china as junk.

[@rodneyblackwell7477]

Like when China blocked Australian coal and then had power shortages. If you export to China you have realise this can happen. Look at Australia wine, lobster and meat. It's better to develop other markets.

[@plau2007]

One argument to eliminate incentives for Chinese EVs. If they want to subsidize EU consumer, perfect!

[@100c0c]

People like you are short-sighted... Surrendering your domestic industry to buy cheap foreign products. The car industry is critical to Germany and therefore Europe.

[@林振华-t4v]

Keep incentive for local manufacture. Remove for car specific made in China. This type of discrimination approch wont fair well in WTO despute settlement.

[@plau2007]

@@林振华-t4v I don't think it works this way! Countries around the world give a variety of intensives. From low tax rates to minimal environmental regulations. Plus in EU, they aren't give money to the producers, but to consumers. Germany doesn't give any incentives. More than that, France computes the CO2 emitted for the whole cycle. From production, transportation, to the end of life. And Chinese cars doesn't qualify because the producers are using coal for electricity used in the factories. In France 70% of electricity is produced by nuclear plants (a smart strategy! ).

[@wolfgangpreier9160]

@@林振华-t4v France does just that. And where is the WTO?

[@plau2007]

@@wolfgangpreier9160 What is wrong in calculating the total amount of CO2 emitted ( production, transportion and usage during car's life time? )

[@MrGMawson2438]

Cheers mate

[@snax19]

Can you stop adding the outro music at the end ? For people just listen it’s really annoying !!

[@HappyPandaBear73]

TEAM CHINA ALL THE WAY!👍🙏🙂

[@HeyErnie007]

I think the EU investigating Chinese business practices makes sense, given that they have a history of dumping products in markets, killing a countries ability to manufacture said product, and jacking up the price. The Chinese are famous for anti competitive business practices and when millions are employed by the auto industry, protectionism makes sense.

[@elmohead]

You just described how China killed their competitors and then say that they're anti-competition...

[@HeyErnie007]

@@elmohead well if you care to know the Chinese government is not afraid to throw money at companies that make shit products. For example a few years ago China threw hundreds of billions into the steel industry and subsequently China was dumping shit steel in the U.S., undercutting American steel makers on price and quality. It got so bad the U.S. had to ban the import of Chinese steel in order to prevent American steel mills from going bankrupt. This is just 1 example of the many anti-competitive things the Chinese government does. From stealing intellectual property from the west and reselling products with the same technology, to making inferior products at ridiculously low prices because of subsidies, Chinese companies are often funded by their government with the goal of killing western companies whenever they expand globally. If Germany did half the shit China does, everyone would be enraged. Yet if China cuts a $150 billion dollar check to domestic companies to build chips with technology it stole from Taiwan, apparently that's not a problem.

[@WayneT00]

How much is the import tax on Chinese EVs currently ?

[@Sendu7]

China tried to heavily penalize Australia with trade sanctions after the Australian PM made some stupid comments. It sort of backfired on China and didn't really have much effect on Australia. Trade sanctions are a double edged sword.

[@bbyl1485]

No Australian wine backfired in China?

[@luappaul3062]

go ask wine and sea food exporter bro. they will tell different story . Its easy to make nothing happen comment until its come to you.

[@Sendu7]

No it was the damage to China's reputation. Xi is not trusted. Look at all the foreign investment that is pulling out of China. @@bbyl1485

[@LilaKuhJunge]

Didn't AUS elect another, pro-China government just recently?

[@IamHandsome4u]

LOL china is the biggest trading partner of australia not the other way around.😂😂it will hurt australia 10X more.