CHINA Shocked the EU Industry: What next?
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- čas přidán 3. 07. 2024
- China is set to build its first electric vehicle (EV) factory in the European Union, specifically in Hungary. This move, led by BYD, one of the world's leading EV manufacturers, marks a significant milestone as the first major BRIC investment in the EU automotive sector.
The planned factory will be located in Szeged, near Hungary's border with Serbia. This strategic location is part of Hungary's broader initiative to position itself as a global hub for EV production. The Hungarian government has actively courted foreign investment, offering financial incentives, tax breaks, and infrastructure development, particularly in cooperation with China through the Belt and Road Initiative.
BYD's entry into the European market comes at a time when the EU is imposing tariffs on Chinese EVs to protect local manufacturers from what it perceives as unfair competition due to Chinese government subsidies. Despite these challenges, Chinese automakers like BYD are motivated to establish a local presence to mitigate the costs and risks associated with exporting vehicles from China.
This move is part of China's broader strategy to expand its influence and economic footprint in Europe, which aligns with the objectives of BRICS to enhance global influence and economic cooperation among its members. The factory is expected to create thousands of jobs and significantly contribute to Hungary's economy, reinforcing its status as a leader in the technological revolution in the automotive industry.
In addition to BYD, other Chinese automakers are exploring similar opportunities across Europe. For example, Chery plans to start production in Spain, while Leapmotor is leveraging existing facilities in Poland. These investments highlight the growing footprint of Chinese automotive technology in Europe and the strategic importance of the region in the global EV market.
China Canceled Import from the US: What Next?
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I'm Watching You're Video From India On 2 Addvartice Nice Great video I know English Also So Easyly I'm Understand your video
Hungary is linking to winner for Hungarian future. Peace and prosperity for Hungarians. 👍🎉
All The Best to BRICS
.... AND GET OUT OF NATO AS SOON AS POSSIBLE!☮☮☮☮☮☮💥💥👍👍❤❤🍀🍀☮☮
Well done Hungary. People of the World, we are now seeing the NEW LEADER COUNTRY of the EU. Hungary are focused on what's right for their Citizens, not USA's interests that serves no-one but USA.
That’s right. Because they’re hungry. 😂😂😂🤪 A play on words.
@@samuelrodrigues3501 Thanks mate, for correcting me. Cheers!
Hungary is setting a new standard for the EU. While the rest of the EU is focused on the past (looking at YOU - Poland!), Hungary is focused on the future. That is just one of the reasons why Hungary did not accept the "migrants". Mr. Orban knew that they would DESTROY Hungary the way they have destroyed the other countries that accepted the "migrants". There is more to this life than winning the "Charlemagne Prize".
Orban and Hungary have made a smart move… more European countries need to think like them and not be controlled by selfish America
Not the entire U.S.A., mind you 😂
Congrats Hungary 👍
EU wants to punish Hungary, they've opposed the proxy war in Ukraine. Block funding for weapons. The fact china cut a deal for EV batteries made in Hungary angers the EU.
Stop buying American brands .
What is the US making today? Hardly anything worth buying except for hardcore porn. 🥰🥰🥰🥰
I already do !! Buy CHINESE !!
Hungary future is bright 😮😮
Yes. Because Hungary is not a cuck to the US
Good work together support with China economic development BRI is good for all nations
The warmongers should not be allowed into the BRICS. ❤
Oh no, EU doesn’t want Hungary to have jobs…lol
Freedom
Hungary is doing what is good for Hungary and in so doing, gaining experience in tech sectors it has little experience in. The EU has done everything in its power to destroy what economic strength its countries had and the results are a group of countries uncompetitive in today's world. Multinationals know how to survive regardless of their birth. Isolation will eventually destroy a country. Staying competitive means getting involved, learning, optimizing and using the sources at hand. It also means the country needs to improve education, infrastructure, and have governmental support in sectors it feels it can compete in. Where it can't compete, it should take advantage of price to keep inflation in check.
Beautifull news 👍 love Hungary ❤️ love China❤️
Love Brics❤️ countries
Funny you call Russia and China Authoritarian Regimes.....Exactly what is the EU?
FIGHT POLLUTION NOT CLIMATE CHANGE.
Long live China.
Hungary should be join BRICS before its too late.😊
I don’t think Hungary would qualify for BRICS membership. Anyway if they can make separate trading deals with China, Russia and other countries why upset the rest of EU when they don’t need to. Currently BRICS has announced they are slowing down membership as it takes time to process the requests. When they will open it back up again, they haven’t said.
I don't buy any western over prices products. my phone tv bicycle and washing machine rice cooker... all are made in China...all works great value for money products..👍👍👍......Viva China 🇨🇳🧠💪👍👏🙏..
@@PIT72100 👍🍻
US is forcing all Americans to buy US or EU products, no matter how pricey it is. Biden says, "I can buy them, why can't you?"
Same here. Chinese brands are1/4 or 1/3 the cost of other popular brands! They serve me very well and saved quite a bit of money. I support China for making my life easier!
Me too, me three , me four.
❤❤❤
Mass migrants from EU to china
🎉
you have a good vid!
i wanna ask you...if a country allows it citizen to vote and have a voice in the gov, is that authoritarian?
i still remembered that the common people asked to end corruption during the 2 sessions, so the gov started an anti corruption campaign on 2009, while the world laughed at them, but in around a year, they investigated 6k+ people and prosecuted many that shocked the world. this was the beginning of a new era, where 90%+ people actually believe in their gov.
this effort to end corruption didnt end... just last year, they prosecuted 43+ people, even many of these people are retired seniors now.
no country has been able to do this yet...
so once again... is this authoritarian ?
I am not aware of any Chinese subsidies for EV manufacturing. If you are going to say that they exist, you have an obligation to describe what they are, the amount, and how much they impact the vehicle cost.
@@charlescarmichael2444 - Even China admits it subsidizes EV vehicles. It does so by building plants, giving them financial and marketing expertise, taking partial ownership, supplying China made (reduced cost) batteries and parts, etc. It costs China approximately $13,000 to build an EV but it sells for $45,000 in EU. So China makes a great profit, and in doing so gets its initial subsidies back but EU doesn’t consider that. Nor does EU consider USA $7,000 reduction on US EV’s a subsidy but says it is an “investment”…. How you look at it, depends on what side of the fence you sit.
Congrats Hangary
where is the shock? Hungary-BYD factory is old news.
Is it??😂
They are hoping that it means that China has forgiven them, rofl.
This is a crazy world, what else?
China authoritarian? Compared to what? Catalonia in the 30's?
Even as a member of NATO and E.U., Hungary is in many ways considered the "odd" man of Europe. Soon, they will try every which way possible to bar Hungary-made Chinese EV's into their markets. People may say it goes against the spirit of the "union." Problem is, when even laws and regulations have been discarded, the "spirit of the union" can be swept under the rug. Perhaps, more EV plants in those powerhouses such as Germany, France, Spain can soothe European anxiety.
that mark the end of the union, imagine northern state said certain southern state product is not allow to sell across USA.
Hungary is hungry for Chinese investment.
Is Hungary in BRICS?
We shall all know in October. A huge transformation is occurring. Hungary and Serbia are select candidates for membership.
For my fellow Americans Happy 4th of July!!!!
4 th alright but happy I'm not sure about for many folks. Beer and liquor sales way up.
Sir,eu,welcome,pray,to,🌹🕉️,india,
Sri lanka should support to BRI
Serbia is best ace to build cars. Not in eu. Any word S out of EU are pure bullshjt
ST
au·thor·i·tar·i·an china n Russia stop misinformation
Maybe you’re uninformed?
BYD = build your dream.
Remember a lie related to dream on me.
American dream... a death xxx is a good xxx, skin head for decoration, build your dream on the suffering of others, america fk ye~
LOL, Orban will bow to any dictator, it seems.
But not to dictator Biden though.
@@czerruiz7192
I rest my case, Ivan.
Sounds like you know jack shit!!😮😮
@@georgewilder7423
Orban loves being on his kneez fordictators. It's a fact.
@@georgewilder7423
Don't like facts? That's on Y.
Stany Zjednoczone to Europa populacja Europy.