Why China ordered its automakers to STOP plans for factories in Europe

[@electricviking]

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[@TroyDegarnham]

A promotional code is necessary to get a free ticket. What is the code?

[@MarsOzzie]

@@electricviking still charging $35

[@LK-jl3pc]

@electricviking: Could I ask you what thoughts/research you have done regarding data collection and privacy when buying a Chinese car?

[@youmemeyou]

Thank God, China is now growing some balls to say no to the hegemonic EU!

[@orionxtc1119]

China has bought up so many European electronic and engineering companies...

[@chillstep4life]

I find it ironic EU slaps tariffs on Chinese EV for "overcapacity" when the entire EU EV industry is like 10% market share and US and Japanese autos export more cars to EU than China does... The narrative doesn't add up

[@tvgerbil1984]

They don't wait for the Chinese EVs to flood the market and decimate the European makers before they act. They know the Chinese EVs are made in mind boggling numbers and the huge price differentials are there for all to see.

[@ifyoureadthisyouaregey8821]

Chinese are like half price

[@AngelIliev-de1zp]

@@ifyoureadthisyouaregey8821 More like 10-20% discount compared with Japanese.

[@Zerpentsa6598]

Japan is a country like Germany in ideology. Hail! So Japanese cars are fine.

[@christopherchen6170]

@@AngelIliev-de1zp because of your tariffs

[@danieldornes8416]

Sales of western ICE cars in China have already been collapsing before any tariffs. Sales of those large-engined ICE cars will quickly dwindle to nothing with or without any Chinese government tariffs.

[@teklife]

but all of the other stuff china buys from europe, that matters. china is a huge market, therefore, they have leverage

[@hackbrettschorsch6855]

There are already import tariffs on ICE cars in China. Almost up to 50 %.

[@larsnystrom6698]

Yes ICE cars are pretty obsolete, and most Chinese buyers has already grasped that. But the purpose of putting taxes on them is to give a signal the EU and the US.. By the way, it isn't about imported ICE cars. Most of them nowadays are built in China.

[@hackbrettschorsch6855]

@@larsnystrom6698 China already has tariffs on ICE cars up to almost 50 %…

[@spartagonmaciste]

@@hackbrettschorsch6855 Source? It seems you made it up...

[@walid7885]

They found another alternative. Tunisia and Morocco. Highly educated people and willing to work with China.

[@mydogsbutler]

Europe didn't mind selling European cars in China for decades without tariffs. Europe brought this on itself though excessive tariffs. Rather than cooperate with trade it decided to follow American protectionism. Can't blame the Chinese for responding like this. Any other country would have done the exact same if another country set up trade barriers while expecting its own exports not to face them.

[@andrezcabara2774]

Bad analogy. China had no industry and China welcomed this. Besides, many of those cars were built in China, and this is how China got the know-how. China could have prevented this war. They chose not to because they have their eyes on Taiwan.

[@mydogsbutler]

@@andrezcabara2774 Bad reasoning. If someone is going to claim it's okay to export something or build plants in someone else's country they need to offer the same courtesy back.

[@mydogsbutler]

@@andrezcabara2774 btw - The Taiwan issue is a red herring. America and Europe agreed to one China policy decades ago. It's not such a stretch seeing as Taiwan was part of China before the start of the cold war when America militarily backed the partition. Are there any Chinese bases backing the partition of Texas from the US? Far as I can tell its America not China with hundreds of military bases around the world no?

[@andrezcabara2774]

@@mydogsbutler Yes, you're correct. However, Germany voted against tariffs, it was other European countries. The reason China is in such a good position is because other countries created factories in China. This is how China got the know-how. Europe did not get the know-how from China.

[@andrezcabara2774]

​@@mydogsbutler Bad analogy using Texas. Texas is part of the USA and are integrated. Taiwan is not and its people have voted not to be ruled by China. See how your analogy doesn't "stick"? And, no, Taiwan is not a red herring. China knows it would be "strange" to go against Russia on the invasion of Ukraine when China has intentions to take Taiwan by force. Or what do you call those military maneuvers? Would it be fair if China lets Taiwan choose if they want to join China or be independent? What do you say? Your mention of "hundreds of US military bases" is a red herring, as it's not relevant.

[@leqiaop1840]

Chinese become angry not simply because of Tariffs rather the EU policy has clearly shown discrimination against chinese. Tesla EV (everyone inside China knows that Tesla got lots of subsidies benefits from chinese local government) has only 9% tariff while chinese owning car brands need pay at least 17% (up to 35% depends on cooperation form). With other words, it is not pure business trade conflict anymore. The EU mixed their ideology into it.

[@DC-qn4wz]

It's called "incentives" here in the US/Europe, and "illegal subsidies" in other countries. It’s called “high productivity” here, and “overcapacity” there.

[@wolfgangpreier9160]

Its called truthspeak.

[@timbehrens9678]

Incentives for buyers, not manufacturers. Big difference.

[@holmis71dedmit]

So GM and other US manufactures didnt get help some years ago?

[@SaretGnasoh]

@@timbehrens9678 lol, you are so naive for not knowing manufacturers in Europe also receive incentives from government

[@krasserTerror]

@@wolfgangpreier9160 Double plus good comment!

[@jluis333]

China is a powerhouse for electronics and now evs. Europe is good for tourism and food/booze. Why the war?

[@mijmijrm]

Europe is also world beating at pompous superiority

[@Zerpentsa6598]

Good for tourism? Venice and many Spanish provinces are telling tourists to go away.

[@chewkiatyong]

EU prioritizes the warmongering and supremacist agendas of US. EU taxpayers have been shortchanged, with tax monies going to bombs and bullets for ongoing bloodshed instead of alleviating own citizens' poverty and maintaining the economy. Quite unfortunate that EU and US does not believe in peaceful collaborative progress, but instead chose to pursue a war-based supremacist agenda.

[@brulsmurf]

the car industry means millions of high paying jobs in Europe. We like money.

[@daveblack5109]

@@brulsmurf Yes over 14 million work in the European auto industry it accounts for 6% of European employment and 8% of the manufacturing capacity. EU auto makers didn't want the tariffs as they saw where it would end..

[@knutbergan]

I am happy that Norway is not part of EU and thus there are no punitive tariffs on any Chinese built cars, at least for the moment.

[@WanderingSword]

Norway is a little country in Europe. It's not as sovereign as it likes to think.

[@gregorymalchuk272]

Norway's ability to buy electric cars is entirely underwritten by being a petrostate.

[@alxdava2004]

Norway will do what EU dictates. Exactly like Switzerland. That's why you're now in NATO: to do what you're told.

[@CTownsend31]

Norway is eu slave

[@michaelgfyau4514]

In my country today. We could just spend 100 over thousand to buy a Chinese car with similar specs and performance as a 300 over thousand BMW. So it's become a matter of choice instead if you are choosing specs or brand.

[@coolbanana165]

Can they just stop fighting and let China make cheap stuff like they do best? Europe should take advantage of that and scale the green economy quickly with Chinese goods.

[@sunshinesun121]

As an INVESTOR of Xpeng, NIO, etc ................ They are spending on " HIGH RISK and LOW RETURN " in EU. Already EU parliament and various countries are putting up various BARRIERS against Chinese Trade. Not a GOOD and RIGHT time to " EXPAND into (Hostile) countries " . Play SAFE and WAIT . Currently EU is going through a significant financial crisis and economic stagnation. So WHY expand there ???

[@abraxastulammo9940]

But isn't it to circumvent tariffs? 🤔

[@ethelthecat1]

Following sanctions on Russian companies, assets, banks and Forex China suspects that if the EU doesn't come to its senses and do what is right for Europe, tariffs will be just the start and will follow with US instructions to seize Chinese owned ports, factories and retail sites. They've done it already to Russia so China is probably trying to get the EU to see sense, before it gives up on the EU and concentrates on exports to ASEAN, AFRICA and South American markets, which will total millions of cars per annum and give Chinese car manufacturers growth whilst waiting for the EU to come to its senses.

[@henkjan673]

@@abraxastulammo9940 The risk is that EU add new barriers after the factories are already in the EUor maybe even confiscate the assets in EU. They already demonstrated they do this to Russia so it could happen to China in the future.

[@cherryq91]

Are you stupid? Chinese market has been always hostile. What EU is doing is returning with the same coin. It is still not as drastic as it should be to level it up.

[@LittleBoobsLover]

because chinese manufacturers are more customer oriented? They have better tech for lower price? Hundreds of different models?

[@camhaothi8400]

Chinese says: if you don't want a win win than you get a lose lose 👎😑🇺🇸

[@markfinch2016]

Win, win, yeah right it's called a Monopoly 😂

[@camhaothi8400]

@@danielb7253 poop my ass I from Vietnam and some Chinese products is very good and a lot cheaper than your product 😑

[@camhaothi8400]

@@danielb7253 poop products my ass I from Vietnam and some Chinese products is very good and a all cheaper than you products 😑

[@camhaothi8400]

Ok who is the one that is shadow ban me what is you two 🤬

[@davidnika446]

@@danielb7253 If they're "dumping" their products, and their products are poo, what do yo have to say about the citizens who decide to buy them? They don't have to buy them, and few will buy if it's not worth it.

[@limonade2684]

I am from Germany. I am shocked, how dumb we act. Germany was against the tarrifs, because they knew, what will happen. Our arrogance is been punished.

[@sword7872]

More shocking is the end of cheap Russian gas for Germany. Why would Chinese factories want to set up shop in Europe when cost of production there is much higher?

[@MultiMenvafan]

Germany is the worst culprit by going all in on trade with China and Russia. The ICE industry in China is max 5 years away from ultimate collapse.

[@wolfgangpreier9160]

Yes

[@eabellamy1]

They are against the tarifs because of the short term thinking that has brought them to the hole they are in right now. ICE is dead, it just doesn't know it yet, and the only way is to create a home grown or imported EV ecosystem and tarifs will help to foster. Germany needs to get off its stupid austerity dogma, invest in their shitty infrastructure to begin with, and on R&D to compete instead of nostalgia of an unsustainable, misguided industrial past.

[@schrimpf]

Germany is a obedient U.S. vasall. The follow the orders from the U.S. even for the price for total economic destruction.

[@SilverforceX]

The EU needs to stop being a loyal dog of America & Israel and think about the welfare of its own citizens.

[@georgejesson1944]

They aren't allowed to

[@syriacode8602]

china was always good to every country in the world, they don't have any agenda, USA doesn't like that they want the power for themselves, this is not new, the war on communication and computing was on, Huawei sanctions and other companies, the 3nm technology also they want it to be just USA and other stuff, they are the devil.

[@paulc6766]

Not relevant in this case.

[@lindenimotsumi8641]

@@paulc6766 It is extremely relevant, Sir/Ma’am. The reason why the EU is in this mess is because it has been ‘manipulated’ by the US, with the US itself being ‘manipulated’ by Israel.

[@wantrevize]

@@paulc6766 as relevant as your opinion ever were. buy some newspaper and magazine and learn to read. yt shorts arent the place to gather wisdom.

[@johanstjern4118]

This is probably the real reason why the BYD factory in Hungary keeps getting delayed from starting construction?

[@nicholasglade4572]

I am sick of the tariffs in the US to protect over paid union workers and bad auto company management. I can't buy a inexpensive car in the US anymore as a result.

[@MarsOzzie]

Tesla is non union

[@vestasharp6861]

Same here in Canada. Over $70k for Tesla Y is insane.

[@MarsOzzie]

@@vestasharp6861 it's 60k in Australia 55k CAD

[@davidgmaloof]

So you're fine watching another million middle class jobs move to China just so you can drive a cheap car. You are part of the problem.

[@timwhite8500]

And it doesn’t matter who you vote for sounds like more of the same behaviour.

[@martinhovorka69]

Very reasonable decision from China side, IP theft risk and confiscations via huge tariffs make little sense for China to take the risk investing in Europe. China will not accept being pushed around. China needs Europe but Europe needs China even more for literally everything.

[@Lee-pf6od]

China is reliant on their massive trade surplus, making them just as vulnerable - especially if US turns the screws at the same time

[@aslampervez2294]

​@@Lee-pf6odusa has played most of its card already

[@trouble_withda_name6558]

IP theft made China's industry what it is today 😂

[@bubuneowoo6161]

When China stops accepting USD, the dollar will be worth toilet paper.

[@tdn4773]

China needs overseas markets. that is its weakness.

[@naga2015kk]

BATTLEGROUND is now set.

[@ssimon1328]

Above time

[@shencheanglow3726]

EU forget 80% of people live outside western world. Once their development is raised there will be much less for them if they don't cooperate. African, central Asian, Asean, central and south American would very much wanted to replace them to supply whatever chinese wanted to exchange.

[@nics129]

Why build there if it could be seize at any moment especially under current hostile trajectory from Europe

[@wanderingquestions7501]

No point in wasting one penny in Europe. Save the investments for BRICS

[@andrezcabara2774]

You are supporting Russia's invasion of Ukraine. You know this, right?

[@sterlingarcher1962]

This is all just simply a part of how Europe loses power and economic standing in the world along with the death of legacy auto. The shift has been ongoing for a long time, now we get to watch more openly!

[@carlosorff]

This is all caused by the hawkish war seeking European governments .Idiocracy at best.If we don't stop following the Anglo Saxon influence the EU is doomed.

[@marianbiznesu1899]

European / American / Japan / Korean ICE cars would lose their position in CHRL anyways. Simple because of China domestic auto makers. Those legacy auto makers would lose scale of production and profits. Second - less spectacular battle will be lost on 4th countries markets (outside CHRL, USA, EU). Chinese automakers are gaining marketshare and everybody except Tesla is losing... From one perspective it will make Europe weaker from the other legacy automakers did close to nothing to follow the electrification. 28% rate of annual growth shows the trend and faith of legacy automakers.

[@davec110]

Thats the thing! the EU legacy auto makers NEVER ASKED FOR THE TAX. The politicians did. The tax will accelerate their down fall especially the German brands. Nord stream was a major hit on cost of production then this. Looks like their allies going full tilt against Germany.

[@sterlingarcher1962]

@@marianbiznesu1899 the future will tell all. We shall certainly see. In the meantime it is most interesting to watch. I quite enjoyed your input, thanks for sharing. Good food for thought.

[@kenlee1416]

The future of large swathes of Europe is carpet weaving, kebabs and briyani, prayer cap and prayer book making.

[@GieZatRedLight]

European politicians have recently discovered that combustion-based cars are on the way out, and have panicked. It's a shame that they, and all European car manufacturers, have slept through the hour - for 10 years!

[@f1aziz]

Fair enough. Gone are the days when EU used to drive hard bargain.

[@trythis2821]

Tesla with the Berlin factory will be rubbing their hand together. Whole lot of competition just got eliminated.

[@Beatles4Sale.]

It’s just political posturing. It will be settled imho…😂

[@Zeta-y3c]

And Tesla and European car companies can say goodbye to the Chinese market. Maybe India can replace the huge Chinese market. Good luck.

[@zoransarin5411]

@@Zeta-y3c Follow the data and the numbers. China and the Chinese love Tesla. They are massacring the other Europeans and American automakers.

[@thorbjrnhellehaven5766]

@@Zeta-y3c But Tesla already have a factory in China. Tesla to China aren't import

[@Zeta-y3c]

@@thorbjrnhellehaven5766 if you have been to China, you'd know Tesla will be in some serious trouble. They offer very little compared to brands like Zeeker, Nio, Li Auto, XPeng and others. If Musk continues to offer stuff all and play politics, you can guarantee consumers will rise up and ignore the brand, like they have with other brands and products. With Musk tied to Trump today, the day is coming, Shanghai Giga factory or not.

[@WebAccount-y3e]

👌👌The ban on ICE cars in China probably won't be reversed as the country (unlike the rest of the world) is actively moving to make a total switch to EVs. It's also important to note, the ban is not just on European ICE cars, it's all cars, including those produced by Chinese manufacturers. In a way, unlike the EU and US tariffs on China, these retaliatory measures are not focused on one manufacturer or country. Pretty smart tbh.❤❤

[@coolbanana165]

Can they just stop fighting and let China make cheap stuff like they do best? Europe should take advantage of that and scale the green economy quickly with Chinese goods.

[@davidbosak7503]

They have a different system in China. Instead of Venture Capitalists, the provinces and some large municipalities have investment funds. They use the investment funds to provide seed money for start-ups and expansions. They also provide free/low cost land and tax reductions, just like the West. These are all the items that the West is using as justification for the tariffs. Basically, they are punishing China because the start-up money comes from government entities instead of private Capitalists. Basically, they are punishing China for being Socialist.

[@moriwaki80]

2:40 says China does not tax European vehicles in China. I looked it up "The Global Times first reported late last month that a Chinese government-affiliated auto research centre was suggesting China raise its import tariffs on imported gasoline sedans and sport utility vehicles with engines larger than 2.5 litres to 25%, from the current rate of 15%"

[@MuJiankui-kz2ex]

This is the difference between China and Europe. Even Chinese companies producing large-displacement cars in China have to bear high taxes, and equal treatment is most important.

[@MarsOzzie]

Theres plenty of non euro countries still

[@hitmanhart6275]

There are plenty of non chinese ice cars!

[@moss550]

My guess is the Chinese will eventually allow to investment to continue, but only in EU countries that voted against the tariffs. Whereas countries that voted for tariffs likely can't even supply components to these factories. This will most likely shift the automotive landscape of EU in a decade, with eastern Europe becoming the center for budget and midrange cars manufacturing. Meanwhile Fiat, Peugeot, Renault and the like will see their sales plummet.

[@leerizer]

Tax to ICE larger than 2.5l Italian will experiencing deep impact as well.

[@linhai7966]

China should tax Airbus for its state subsidies too.

[@bricolagefantasy7291]

No way. They dont have strong enough jet market. They also still pressing boeing. 10 yrs from now maybe.

[@lowiq3409]

They can and rhen fly on their own planes

[@bricolagefantasy7291]

@@lowiq3409 they have 320 class and building 350 class. By sexond generation, they are ready to compete.

[@marcg1686]

​@@bricolagefantasy7291 They'll only compete within China.

[@bricolagefantasy7291]

@@marcg1686 c919 will get european license. Airbus was laughed at when first flown, now they are on top of boeing. Comac has money and human resource. 10 yrs is eternity to chinese industry. They only need to compete with currently in drawing board airbus plane, and non existance boeing next gen plane. Engine they are already at parity will probably win against pnw soon. Cheaper price same performance...

[@mechannel7046]

Good. Glad the Chinese are fighting back

[@steveknowles9871]

Free Trade ! Never really existed 😅

[@HTeo-og1lg]

It was true for more than 60 yrs. Until the "fair trade" propaganda mantra started in the mid 1980s when Japan products started out competing in the US market.

[@botondtoth8263]

​@@HTeo-og1lg No, it hadn't been free even before that. Japan has alwayy protected its market. China has had restrictions too.

[@Freedom_from_imp]

Free trade when you are subsidizing your industries and winning. Unfair practice when someone else uses your play book against you. 😅

[@botondtoth8263]

@@Freedom_from_imp Mind you, it's true to almost every country - including China.

[@yzy8638]

@@botondtoth8263 most countries dont have the luxury of looting half of the world to build up industries, they rely on policy to push forward industry planning, and incentives, subsidy are part of such policy. the problem for china is that they too outpaced the superior aryan race of europe, so we see the typical bad mouthing, dirt throwing, and WMD style accusation throw at china. funny how unchristian the christiandom of europe became LOL at its finest.

[@Urbizzo]

The Electric Car market, has plummeted in Europe. A big miscalculation - The car makers were happy to make these cars, because the price was twice than ordinary combustion engine cars. But now people can't afford them. And they have discovered that Electric Vehicles have lost the used car values - so people are going back to combustion engines. (1/3 of Germany's EV customs has gone back to combustion). Few years ago Europe Union stopped Chinese solar panels! (They said the panels were too cheep, because China had used subsidiaries).

[@the1onlynoob]

American trade war: we are going to stop you from trading with the world, isolate you, starve you out of resources. Chinese trade war: we will just pull our investments and development programs out. you do your thing by yourself.

[@tigading2177]

Basically US policies are based offensive, just like their war strategies, "shock and awe", sledgehammer to crush everything regardless. Chinese policies are based on defensive, measured response.

[@antiproxygrifters]

Thats why Ursula is in Serbia throwing money at them, No Lithium, nothing left for Euro but Tourists.

[@williamrogers1219]

Some European places complain of over-tourism such as Barcelona, Greece, and Italy.

[@bobsmith3983]

@@williamrogers1219 OK just limit the visas but watch the tourist money go away to other places.

[@dzonikg]

I will say that our Serbian government is blind and corupted to core. it is absolutely crazy that we sign that Lithium goes exclusively to the Germans. It's as if this government has blinds on eyes and plugs in its ears and doesn't see who is and who will be the biggest player with electric cars. The Germans absolutely certainly will not open Mercedes or BMW electric factories in Serbia, they just want cheap Lithium and that is it so they dont polute own rivers and nature .But the Chinese WOULD OPEN perhaps not one but several factories of various brands because they are now in the process of expansion outside their borders. Once again, Serbia will miss a chance that comes along once ,but politicans will fill their pockets with who knows how much bribes

[@normansippel6553]

Well said, there are no winners when high tariffs start being slapped on.

[@ianburnett4605]

I have my Chinese car that will last the rest of my days and China is by far the best country at manufacturing,

[@markfinch2016]

@@ianburnett4605 China 🇨🇳 is the Best country for Intellectual Property Theft you mean....lol 😆

[@robinwhitebeam4386]

Nothing made in China lasts very long in the UK. Poor quality materials , design and production techniques.

[@andrezcabara2774]

I have a Chinese car too. And I've met many Chinese people who are great people. However, I wish China did not vote "Neutral" regarding Russia's aggression. China could have stopped this war, but they let it happen because they will target Taiwan.

[@BACA01]

I doubt that it will last for the rest of your days, because China is the best country at cutting corners and fooling customers, and their cars rust and crack within 5 years.

[@tonygrant3062]

They voted neutral because they are not a natural enemy of Russia, and didn't want to side with usa and zelensky who is a usa puppet

[@godzillamothra5983]

It is fair, as simple as that

[@syang7775]

Is it fair to the customers?

[@Beatles4Sale.]

Europe has lost the Chinese auto market in China anyway. The EU puts protectionism in place until the European companies can compete. It happened with charging stations. It’s happening with full self driving. Finally it’s happening with the cost of manufacturing and retail sales of cars. Business as usual in the EU. ❤😂❤

[@botondtoth8263]

As if China hasn't done the same...

[@muradabdel-karim3636]

Can you elaborate? ​@@botondtoth8263

[@Beatles4Sale.]

@@botondtoth8263 no disagreement from me. 😂👍👍

[@stefanatchia2467]

Very interesting. Great reporting. Thanks

[@electricviking]

Glad you found it interesting!

[@Percy-c5v]

I’m getting the feeling a compromise will be reached. Don’t forget the tariffs are variable depending on which Chinese company makes which car. If the prices are on a level playing field. (With companies such as Renault for example) then that might work. VW, I’m not so sure, they’re not competitive enough. If they put tariffs on Pork and brandy that’s going to be a killer here in France. Absolutely correct. No winners in a trade war.

[@matthewgilmore2025]

Sam, Not sure if you covered it in any detail about the 10s of billions being invested by US auto manufactures in EV & battery mfg plants in Ga., Tn, Ky. Hyundai is also building a masdive plant and some of the US companies have teamed up with Chinese companies. So if a 45% EU tariff shuts down investment and joint ventures in Europe, why is it having no impact on US joint ventures? Hyundai should be building vehicles by the end of 2025. Also, one of the big 3 is working on making its own LFP batteries. This US tariff is giving the US mfgs a last life line. Maybe, just maybe, they see the writing on the wall?

[@dylanthomas12321]

The IRA is driving all the battery investment, semiconductors, etc.

[@martinvidenovic5767]

Quality always finds a market. Europe, that is, cars produced in Europe do not have the quality they had twenty or more years ago. Mercedes used to cover a million kilometers, but today they can't even cover a hundred thousand. VWs fall apart, screeches when leaving the factory, etc. There is simply no quality that existed and then the main role is played by the price, where European cars cannot compete with Chinese ones. The drive to constantly reduce costs at the expense of quality has led to the sale of vehicles whose wheels do not turn and airplanes that cannot fly. Consumer policy has come to pay. Companies have to provide quality and not just appearance, because today nobody will pay for a brand of car, phone, TV if it does not have quality, and they can get the same product of the same quality from a non-name manufacturer for a lower price. European car manufacturers can get back into the race if they bring an electric car that can cover a longer distance but the right one with a single charge. If they are not able to do that or make some revolutionary progress in production, they better reorient themselves to the production of other things or they will slowly go down in history.

[@ZweiZwolf]

German cars started becoming bad more than 20 years ago. My E60 5er had such terribly cheap soft rubberized trims. It's not hard for a Chinese car to do better.

[@gilsondekazan6852]

Here in Brazil 3 new plants of China EV. 30.000 Jobs.

[@glyngreen538]

Great! Hope China win this and force the reduction of trade barriers. We need as much EV adoption as possible globally as soon as possible.

[@kannolator4254]

❤

[@BollaSandor]

To own a car is luxury nowdays, effective costs of upkeep and repair in a year is worth a cost of a good holiday

[@vicmigo]

Chinese leaders think strategically and long term. Setting up EV factory in Europe and USA risk losing its technology knowhows.

[@rikuperry2792]

I wonder where the knowhows have come 😂😂🤣🤣

[@streetman6661]

@@rikuperry2792 the most advanced EV and battery knowhows definitely did not come from europe or the US.🤣🤣🤣

[@rikuperry2792]

@@streetman6661 they copied EU/US cars for decades and still cant make a car that would sell well in EU/US, battery tech is probaply the only thing they have

[@BACA01]

@@streetman6661 Chinese learned to make EVs from Tesla.

[@vicmigo]

@@rikuperry2792 That you can ask the CEO of FORD!

[@MetaView7]

*Porsche sells more sports cars in China than in the USA.* Some BMW and Mercedes are made in China, but every single one of the Porsche is made in Europe !!!

[@BACA01]

Are the Porsche Evs also made in Europe?

[@andrewwhittaker43]

Politics goes both ways!

[@davidgmaloof]

Indeed...dealing with China, Inc is like dealing with the mafia.

[@alexanderchristopher6237]

@@davidgmaloof that’s what it likes for dealing with the West for centuries.

[@yzy8638]

@@davidgmaloof the mafia is calling others mafia, what a new twist of things.

[@userthehope]

Now we are learning our place... it's so unbelievable...what the "Ampel" create 😭🤯

[@BBai-e6z]

Simple, it is called "collective bargaining". China does not want "traitors" to negotiate with Europe individually. It is actually quite reasonable request from their government.

[@Locost59]

Play it right and the UK (which hasn’t imposed the tariffs) could be a beneficiary.

[@InformedKiwi]

The lucrative sales Western Auto has had in China is coming to an end anyway. China is already over 50% new energy vehicles and growing fast. The remaining ICE car sales are plummeting and will continue to do so. Western auto has little of interest to offer in EVs and their Chinese sales are mostly ICE cars. A bleak future in China for western auto (Japan, Europe and the U.S.)

[@iqbang9236]

One of the reasons that so many Chinese turn to EVs is the petrol price is so damn high. Their salary is a fraction of their Western counterparts but the oil prices are the same. It's a no-brainer.

[@ZweiZwolf]

@@iqbang9236 Same thing in Africa, LatAm, and SEA - USD driving oil prices up makes gasoline an expensive import compared to domestic renewable electricity for EVs.

[@prjackson7802]

Great video.

[@electricviking]

Glad you enjoyed it

[@PeterJamieson-h2p]

I smell a VW buyout.

[@sokolum]

I am for sure that China dont care for VW anymore, VW is an overrated company. Their production design is from yesterday. Look at Tesla, only they can win. Although i do t like their current models so much, to spartanic.

[@60beats44]

Lucky, the sale of porches here in Australia has not decreased. Still going strong just as backyard swimming pools.

[@astafford8865]

They use Porsches as backyard swimming pools? Very novel idea

[@60beats44]

@@astafford8865 No, a Porsche to drive and a porch to sit in.

[@bananacabbage7402]

China seem to be under the misapprehension that the EU wants them to build factories in Europe. Obviously the EU are just going to say "thanks, this will protect our own car makers" To hell with net zero and cheaper advanced cars for EU citizens. The Chinese market is already a lost cause for Legacy auto. However the Chinese will still enter the EU market with assembly factories in Turkey and Morocco.

[@Loanshark753]

The EU probably wants to capture profits as well as wages and expertise.

[@muradabdel-karim3636]

They won't, not anymore, eu has already been profiting for the past 5 decades, China has been very reasonable till now actually​@@Loanshark753

[@matthewsocal2540]

The EU is doomed. Their engineers couldn't even dominate this market that should have been a cake walk. Sadly, there is no such thing as EU engineering in modern vehicles. Even Volvo went with Chinese engineering for ALL of their EV models. EU hasn't anything to offer.

[@muradabdel-karim3636]

@@matthewsocal2540 very true, I drove a rental Mercedes EV a few weeks back while on a business trip in Germany, an eqa which is not cheap, but possibly the cheapest in their line up and I can say, Chinese EVs are probably much better even the low cost one (having driven the byd atto3 and the Qin plus, amongst the least priced in byd line up)

[@envirologics33]

I thought you previously said that VW was probably closing it factories in Chine, due to no sales?

[@jorgseifert4712]

The tariffs would become ineffective if the cars are produced in Europe. Chinese car manufacturers could make a lot of sales. That can't actually be the reason.

[@MrJMHP]

China doesnt want to follow Japan example in the 90s when japanese automakers build the factories in US to avoid tarrifs. China needs to export the maximum goods to others so they can fix their broken real estate market and their economy and also slow down their increasingly growth of debt.

[@randygraham926]

@@MrJMHP China doesn't want to risk the EU stealing their factories like they stole Russia's 300 billion. Can't be too careful when you're dealing with Europeans. China is more than happy to build factories in other countries -- if they can TRUST the other countries. BYD, for example, is building a plants in both Mexico and Turkey. Since EU decided they want a trade war, Chinese government has evidently decided to be prepared for the worst outcome.

[@bubuneowoo6161]

Local content laws can negate everything. Best to stay out until the trade war blows over.

[@harmhoeks5996]

​@@MrJMHPit's strange though. The Chinese never create factories outside China for whatever product. Only 'expansionist' in Indonesia/Africa to extract resources.

[@streetman6661]

@@harmhoeks5996 unlike western colonial powers who robbed africa blind for decades, China paid the african countries for every gram of the mineral from africa and added well paved roads for them at the same time.

[@coala1980]

I bet Turkey,Brazil,Russia and some other developing nations will be happy to hear this news.

[@grahamf695]

This will be fascinating. Chinese has a lot more muscle than Japan. Being one big country, it can play divided and conquer against the EU countries. The EU may find that it has grabbed a tiger by the tail. China may also be using this to fire a warning shot across the bows of the US.

[@marcg1686]

'... grabbed a tiger by the tail.' Not really. They need to offload their inventory. It's a buyer's market.

[@grahamf695]

@@marcg1686 I agree that they probably have excess inventory. It's really a discussion about the consequences for legacy manufacturers and also the political consequences.

[@boandersson9086]

In 2023, China was the third largest partner for EU exports of goods (8.8 %) and the largest partner for EU imports of goods (20.5 %), according to eurostat. What does China want?

[@joe2mercs]

I think the idea that China called a stop to plans for building car companies in Europe as a way at getting back at Europe is wrong. The car industry was meant to be a money maker for China but it is a money pit. There are too many car companies and all are being debt financed on Chinese government backed loans. President Xi some years ago expressed the desire for car companies to consolidate. It did not happen and what we have today is lots of Chinese car companies each making fewer than quarter of million EVs, all making financial losses and looking to build factories abroad. The recent instruction is a reality check to these car companies that the Chinese government is not a bottomless pit of money.

[@MrRobertBatchelor]

Is this speculation? Or you’re highly knowledgeable?

[@turtlesoup8134]

@@MrRobertBatchelor It is true. Many Chinese ev company is suppose to go bankrupt or consolidate by now, instead each province or cities are bankrolling them further. This is because the KPI for these gov officials changed from purely GPD growth in the 80s to become more complex such as being a hub of next gen industry like EVs, Chips or AI.

[@MrRobertBatchelor]

@@turtlesoup8134 Yes I know it’s true, I’m just wondering what the true narrative is. Chinese car companies getting reeled in by government or chinese government giving a big f you to europe?

[@MM-sr6fw]

Do you know how long it took Tesla to become profitable? That was made possible because Tesla built the cars in China and sold lots of them to Chinese people. True competition is allowing the best companies to survive while those that can’t compete to go under. Government loans and subsidies are not unusual in your country.

[@hclau218]

Wow, what a genius. China inherited so much wealth from its ancestors that it can run a money losing business for years... Repeating dumb talking points don't make you "smart", but guess that takes too much braincells for you to understand.

[@patrickfrancis7558]

This is what happens when politicians try to act smart and act like businessmans. Eu should have just came up with a policy that any foreign car maker entering the country needs to have a join venture with a local manufacturer or sales/distributor at a certain percentage. In this way it keeps domestic currency within the country and protects the local industry and jobs.. It will be a win win situation for the local car industry as well The stupid way of EU & US using tariffs or duty to protect your local economy used in the 80s & 90s doesnt work anymore

[@obama8888]

Because War is coming.

[@BigBassHeavy]

Next year I hear. Moved it forward from 2027.

[@daveandjanwoolf8078]

Economically war would not benefit anyone- least of all the Chinese. Despite their military progress they are far from a match against the US. One thing we have all learned about the Chinese is they are not stupid. Sadly a much greater threat comes from the US

[@andrezcabara2774]

War is already here. China and India accepted war by not condemning Russia invading Ukraine.

[@neverletmego6414]

@@andrezcabara2774 most non-western countries in the world are not condemning Russia. Is the west going to war with the rest?

[@andrezcabara2774]

@@neverletmego6414 The "West" is not going to war with anybody. The "West" is supplying arms to a country so it can defend itself. Look at UN Resolution ES-11/4: >> The resolution was passed with an overwhelming vote of 143 in favour, 5 against and 35 abstaining. This resolution achieved more votes in favour of condemning Russia's actions than Resolution ES-11/1, the initial resolution on the Russian invasion of Ukraine which demanded that Russia withdraw its forces from Ukraine.

[@arifaboobacker]

Can you speak about Europe's CBAM law.. does it have any impact/teeth?

[@No1careabU]

Chinese here. European car manufacturers are already in a state of great distress in China. Let's leave them a way to survive.

[@cs.8821]

china ev makers are suffering financially. They barely make money. parts to make so expensive

[@Jimmybucketzz]

​@@cs.8821same was said with solar a decade ago still no competition until now maybe after a century your prediction might come true. 😂

[@kannolator4254]

Nope

[@mydogsbutler]

Companies like Tesla are still selling lots of cars in China. Any foreign car makers that are in great distress is because they went for the short term money of ICE rather than focus on EVs despite well knowing global warming was an important issue that needs resolution... The proverbial chicken is now coming home to roost. Western car companies claim to be for free enterprise when it suits them, then cry foul when they lose marketshare to competition? Even the subsides angle math doesn't add up since not only do they subsize their own car companies but the tariffs are far far more than Chinese subsides. Westwrn states with car companies also don't mind selling cars to other states that don't have car companies without tarrifs. If some western car companies go out of business because of rising asian competition, they only have their own incompetence to blame. As a western, and a consumer, I believe in fairness. If the Chinese are building better cars then us we should be able to buy them. If it puts some of our companies out of business so be it. Either we learn to swim or sink.

[@slovackoinfo]

There is only one foreign car manufacturer in China - Tesla. The others are Chinese companies that produce cars with foreign names. If there is a problem with cars with foreign names, then the Chinese employees will have a problem. VW does not even count the Chinese results into the group's finances.

[@lawrencepak1917]

Power of the money!

[@jdreynolds29]

Well I see this as a good thing as a Tesla stock investor because Tesla already has a manufacturing plant in Germany

[@warb635]

A lot of factors. Maybe, whatever EU does now in the (further) future these profits (and mainly Germany, there other countries) in China will end / diminish further anyways. So that specific Chinese leverage has also its limits.

[@juliahello6673]

Go China!!!! Yeah!!

[@stupendas101]

Protectionism by government buys the automakers a little runway to stay alive, but in the long term, it makes them even less competitive than they are (and they are already in deep trouble) China will own the vehicle market in Asia, Africa and Middle East and many of the former Soviet States including most of the BRICS states

[@pauldingwall9600]

If European car sales have decreased so much as you tell us, European cars are doomed in China anyway thus pulling out of Chinese market.

[@randygraham926]

So where are they planning to sell them? 🤣 U.S. can only buy a few at a time.....

[@same.6409]

You are not wrong here. The fall of the European car brands in China is probably already a given. The real issue now is whether if the Chinese would build factories in EU countries and at least help them with jobs.

[@kannolator4254]

@@randygraham926the world is sooo big

[@huckleberryfinn6578]

@@randygraham926 China is only 20% of the world's car market. Just sell in the other 80%.

[@iqbang9236]

... but they still make money on the Chinese market and sell these Chinese-made cars outside China.

[@bjornsvensson9206]

All Chinese companies are in one way or another associated with the Chinese army so for security reasons it's really good

[@memrjohnno]

Nobody wins.

[@imadkhaliq2941]

Don't know about that but Europe definitely loses.

[@linphilip6389]

True but the silly fairies living in Europe they can survive with handout. Let's see

[@trythis2821]

Tesla wins as they have factories in China and Europe.

[@undisclosedthai]

Chinese-product-haters in Europe win.

[@memrjohnno]

@@undisclosedthai Foolishness... like cutting off your nose to spite your face.

[@thecrow3461]

I'm definitely not pro-China but this is just an absolutely logical response and this will have significant impact on the energy transition and also on the economy of car building countries in Europe. China holds the cards here, Europe is in serious trouble if this goes trough. The green deal is not looking so good for the economy as predicted.

[@itismeal]

Dumb dumb dumb! United States keep your eyes open on this!

[@ArturoTorras]

thanks

[@steventan2550]

Now it is too risky for Chinese companies to invest in countries that readily act on the behest of the US.

[@kevinh853]

What about the new China based Audi factory about ready to open?

[@MASMIWA]

The EU is finding out that you can't kick China and not live to regret it. The EU is looking for jobs and the Chinese could provide more. Left to their own devices, the EU will have to subsidize its auto sector to give relevance and cost competitive EV autos. But on the other hand, the EU knows that the Chinese would beat the locals in cost with their factories in the EU so the EU does have a dilemma. Do they give in and wait for another day, or do they steel up and try to survive on their own?

[@pohmoh3590]

China ban export critical minerals like lithium,graphite. How EU , US going to make EVs 😂

[@marcg1686]

​@@pohmoh3590 Very few people in the EU want to buy EVs.

[@pohmoh3590]

@@marcg1686 Then why afraid of Chinese EVs 😅

[@marcg1686]

@@pohmoh3590 It's the principle. Massive state subsidies.

[@warb635]

@@pohmoh3590 Lithium can be found on a lot of places. Also what about warranty on the car and garages that support Chinese EV in the EU? It takes time to settle that, certainly in a foreign market. And EVs: not everyone is a fan atm, it seems.

[@vilester]

China has every right to do so. EU needs to get it's act together and look at the bigger picture.

[@derberserker3972]

GO TESLA!!!!

[@Phoenixgamingnp]

😆😆😆😆youre a clown

[@GlobalDrifter1000]

This wasn’t clear to me. What is China not bringing to Europe in the way of technology? or are they limiting the number of cars that Europe can export to China or taxing them. What is their leverage and then negotiations?

[@FrankGallagherr]

Tesla is the best car company ever! No gas stations, No oil changes, No smog checks, No maintenance, Cheapest to own, Most reliable, Safest, 87% customer retention and quicker than a $650,000 Lamborghini.

[@gerritlageweg2055]

Every large investment by Chinese state owned companies always has to be improved by the central government.

[@georgelee6857]

As if not bad enough, Europe parliament lately brought the issue of Taiwan into play. How stupid are they, is beyond me

[@jolive3743]

China are coming out of this as the honourable ones too, their move in response looks like they are saying stop the high polluting cars

[@sirtng]

Europe might do a 100% tariff on Chinese cars like USA, if Europe car sales are drying in china anyway maybe they won’t care and prefer to protect there home turf first

[@lie01234]

Wait they make 10 time more money in China then they do at home. Looks like China lose? Who are they going to sell to?

[@larryc1616]

Kodak! Nokia!

[@sirtng]

@@larryc1616 apple and google, fail to see your point the 99% of the mobile market is controlled by us companies. Where the commodity components and assembled is irrelevant money is in owning the platform

[@boxtears]

Even with drying up sales, Germany is still making more money in China than Europe. So if they think that is worth sacrificing along with all the investments they were expecting from China, then I say let Europe deal with the consequences.

[@zoransarin5411]

@@boxtears VW and Mercedes were silently pleading with the EU not to impose tariffs as they are acutely aware that they make considerable money from China and that would be at risk.

[@BWong1234]

The winner is China since you said China holds the card.

[@dietmarwolf79]

Go, China, go !!! 😂😂😂

[@gentoffire]

Pure business speaking, and this is how text book will be written when we get old, that BMW and Mercedes has poorly reacted the trend in order to maintain the market share. Much like how Nokia lost the world to Apple.

[@RangKlos]

How dare you China! No more luxury clothes and bags for you! Wine and cheeses too!

[@namsoohoo7267]

Without luxury items, life still go on😂

[@satanbuster8248]

You really meant those hyped up luxury clothes and bags with a few thousand percent marked up prices. Good, good.

[@zhangguai]

天呐！这可叫我们怎么活啊！

[@zhangguai]

天呐！这可叫我们怎么活啊！

[@MM-sr6fw]

China has been too patient and holding back response in kind because they want to make friends instead enemies. A win, win condition for trade. Like in anything, there will be a point where the patience runs out and they have to react proportionately.

[@cb250nighthawk3]

Has this ban anything to do with the BRICS meeting in Russia?

[@borisdodgingbullets]

China has 9 other BRICS members and 36 BRICS partners to work with including 7 of the 10 most populous nations. What kind of poker hand is the EU playing with??? 😂😂😂 Throw in the impact of retaliatory actions in China against EU country cars, brandy (LVMH’s stock has already been punished), and luxury goods (maybe next) and trade war is one that should never have been fought (by Europe).

[@ricardocm77]

Wasn't this applied only to chinese vehicles imported to Europe? The purpose of building factories on european soil was to avoid any import taxes, or so I tought