China Outsmart Europe With One Move!

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Күн бұрын

Chinese EV Giant BYD to Build $1 Billion Plant in Turkey: Strategic Move and Global Implications.
What changes do you think a $1 billion investment could bring about in the fastest-growing sector of the auto industry? The European Union has increased tariffs on electric vehicles from China to protect competition among automakers in Europe. The new tariffs on electric cars imported from China have spiked from 17.4% to 37.6%!
Imagine a car with a Manufacturer’s Suggested Retail Price of $35,000. If a 37% tariff is applied to this imported car, it could impact the final price: $35,000 + $12,950 = $47,950 after accounting for the tariff.
When a tariff of 37% is placed on imported cars, it means that the government imposes an additional cost of 37% on the value of those cars when they enter the country. This tariff is designed to protect domestic car manufacturers and encourage consumers to buy locally produced vehicles.
For instance, let’s consider the European Union (EU) and its recent investigation into Chinese electric vehicle imports. China’s surge in EV exports to Europe led the EU to consider imposing tariffs on these imports. If the EU goes ahead, the levies would likely fall within the 15-30% range. German carmakers, who heavily rely on the Chinese market, oppose these measures due to fears of swift Chinese retaliation. BMW, for example, imports Chinese-made Mini EVs and the i-X3 into Europe, and China is BMW’s largest single market. So, a 37% tariff on imported cars can significantly impact trade dynamics and provoke responses from both exporting and importing countries. But the response from a Chinese automaker shocked the entire car industry.
#byd #china #europe #turkey

Пікірлер: 40

@eskapadela 2 ай бұрын

Turkey will be the logistics center for distributing Chinese cars to Europe, the Middle East and Africa.

@sammytanzo 2 ай бұрын

Good luck

@willeisinga2089 2 ай бұрын

Electric Cars Rule the World Market. EU left Behind. Museum Ready Gas Cars in the EU and US. EU will be the Cuba of the Future as a GasCar Museum. 😂😂😂 The rest of the World goes All Electric.❤👍🌹🌹🌹

@johniii4955 2 ай бұрын

Let the consumer decide.

@crhu319 2 ай бұрын

No. Infrastructure changes are by force from the top. There's no choice. Was same in the shift from horses.

@moviesjean23 2 ай бұрын

FYI UK is no longer in the eu

@IvanKhongCanada 2 ай бұрын

Is smart car a european brand or chinese? Is volvo a swedish or chinese car?

@harbinger6562 2 ай бұрын

Congratulations ❤️🇹🇷🇨🇳🦾😇👋

@richardliu7499 2 ай бұрын

Go back to the old ways US-Barter Trade!!!!!! Hahahah!!!!!

@beckyw6141 2 ай бұрын

With all the hype about having countries to use more electric cars by 2030 or 2035, unless prices go down consumers are likely to continue to use petrol/diesel so if EVs are going to be cheaper, consumers win in the end - it is high time that manufacturers started to lower the prices of cars - far too over priced!

@SANN-1969 2 ай бұрын

World facing finance to exchanges of products and services include social services to supports the poor or disables

@RecepTosun-e6q 2 ай бұрын

BRICS"T TÜRKIYE ❤❤❤❤

@ianrichardmorrissey6082 2 ай бұрын

Doubling down on stupidity re EV. Unless we switch to nuclear power production the Gas, Oil or coal generated electricity will produce more CO 2 than we are currently trying to offset using EV vehicles

@auxtin15 2 ай бұрын

China is working on it 👌🏾

@torstenpersson2058 2 ай бұрын

Turkey is not within EU- It is quite reasonable that cars from Turkey will get the same tariffs as cars from China. China can not outsmart Europe at all. Neither with one move nor with several moves

@IvanVukadinovic-no 2 ай бұрын

China outsmarted EU long time ago, and the US as well. You are blind.

@deepone5005 2 ай бұрын

Greatest tragedy that can happen to any man is to have eyes but refuses to see. Repeat it 10 times in the mirror, and yr life will undergoes a quantum change like what China has done.