EU's Von der Leyen Announces Anti-Subsidy Probe Into Chinese EVs
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- čas přidán 12. 09. 2023
- European Commission President Ursula von der Leyen, speaking in her annual address to the European Parliament, says global markets are "flooded" with cheap Chinese cars. "We do not accept this distortion," von der Leyen said in Strasbourg. "The commission is launching an anti-subsidy investigation into electric vehicles coming from China."
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Imagine calling your opponent cheaters because you're losing
Imagine calling your opponent cheater because he is actually a cheater
This is so "western"
@@conag9864 Lol , they literally invented the automobile They have all the right to do what they want with their technologies . Invent yours
@@mrlool1991 Yeah, and before they invented the automobile they invented the horse and the cart.
Lol, I am laughing... you made my day!
@@mrlool1991 yeah, you too!
Greetings from Russia
The biggest exporter from China for EV in EU is Tesla, but it's american company. She means chinese govt paying Elon Mask to compete with EU car manufacturer, this is insane.
That is temporary Tesla is opening Gigafactory in Germany no?
Electricity in China is artifically low. Elon Musk is there so that the chinese can steal the tech and then replace Elon Musk eventually. Just like what they did with iPhones
@@drscopeify All companies are running from Germany.
Don't overthink it, focus on the grown ups in the room argument: China bad
Shanghai gov basically gave Tesla the factory land for free.
What is she blabbering about. Chinese EVs are cheap in China, not in Europe. In Europe they cost quite a lot, up to double their original price. This puts them very close to the prices of European EVs.
One problem for Europe is that China is much more advanced on EVs technology, with a huge variety of models and quality to choose from.
Another problem is that the price for an ev in Europe is not affordable for most people, no matter where the EV comes from.
True, many Chinese EVs are more expensive in Europe but a new wave of cheap EVs is being readied for the EU market. This is the focus of the probe.
@@markdc1145 there is no new wave of cheap EVs coming. Did you see the EVs exposed at the Monaco mobility fair? Cause that's what's coming, and they won't be cheap.
Ok you right, but should EU let china destroy European cars industry
How do you know that China would destroy the EU car industry? That's for the market to decide. Also, German car makers are rushing to strike cooperation deals with Chinese EV makers.
Man, it's how the market works. If my product is better, more advanced and more interesting than yours, I'll likely win. Is it my fault that I have a better product or maybe it's your fault for lagging behind? Your government wants to punish me because my products are better. Does that make sense?
Let me remind you that competition benefits us, the customers. It's time that EU companies get their shit together on the EV technology if they want to keep being relevant.@@sidneypedroso3415
@@sidneypedroso3415 then just say the EU wants to protect their own car industry and thus impose tariffs! I don’t like trump and I don’t agree on his views, but at least he had the guts to admit it’s protectionism and not make any lame excuses. Right?
French cars basically only have the domestic market, while the largest and most important market for German cars is China. In order to protect its own automobile industry, France launched an anti-dumping investigation against the Chinese automobile industry despite Germany's opposition. If the EU policy is finally implemented and China takes reciprocal measures, the largest The victim is Germany!
Totally agree
Make beer, not cars
BYD cars are more expensive in Germany than in China,
@@Emilechenya no shit Sherlock 🤦♂️ why wouldn’t Chinese car be cheaper in China?
After Nord Stream, another step to bring down Germany eh?
Leyen is the governor appointed by US to rule Europe.
Well she is doing a great job . Hopefully US give her 4 more years .
Ursula attacts China because she is unusually vindictive: when she were on the last visit there, Macron was greeted with full honors whereas she was sidelined as she accompanied him, so Chinese were correct in terms of diplomatic rules. But Ursula did not forget that.
She was welcomed by a low ranking Chinese environmental official after she made her way out of an underground tunnel😅🤣😂🤣😅
As she should, she is not a head of state or president like she pretends she is.
While Von is clearly upset with China, I think her policy/speech is entirely from her masters in the U.S.
When you cannot compete then complain about the other party 😂😂
Except that China has done that for 20 years, they banned this website CZcams to promote bilibili instead. China has done this for 20+ years you are such a joker. Why are Chinese people like this?
what an idiot. Fairness is the prerequisite of competition, seems like you don't know that
I guess it's new for them
Chinese are complaining a lot for sure.
@@marcioborgesreis9066 i mean they are minority in youtube , they have their own social media and you surely don't understand the chinese language to know if they are complaining in their social media about the west or not
Hard to believe she’s German, she just sold Germany for an American pie 🥧
American cars like Ford lose out to Toyota not because the Japanese is cheating or subsidising but because American manufacturers are less efficient and more expensive. Von der Leyen never understood that Europeans suffer because she allows big corporations to rip off their own market.
Both can be true. Chinese cars received heavy subsidy from the state and European car makers take the European market for granted. Let's even add that European manufacturers ignored EVs on the side, until Tesla showed there is a market for it.
Von Der Lying, the EU's bullshitter-in-chief: "I hereby declare China guilty, now we'll formally open up an investigation to establish what I just said!" 😂
I agree with Von Der Leyen and think she's spot on here. Enough is enough
You love china, full hearted
She is never critical of the US new policy of inflation reduction act, which makes so many European factories relocate to the US. I wonder why?
@@chinweikai China has never bombed me so why wouldn't I love China?
China car companies selling their EV in euro for double price than their selling the same car in Asia…….. n this lady says euro flooding cheap Chinese EV car ?????? where this logic come from?
y doesn’t she complain some euro car companies selling their EV way cheaper in China ? for example i~d~3 ~
Chinese EVs are more expensive in EU than anywhere else in the world. Is this what she's trying to investigate?
EU would launch an investigate for Chinese EV, but put a blind eye on Japan's release of radioactive water into our ocean? Don't Europeans know how painful are cancer deaths?
CCP has just changed their opinion on that though, maybe you should pay attention to that and correct your comments in case being expelled from CCP bot army
you're definitely an exemplar of CCP brainwarshed product, very easy to see that lol
@@fyucccheb What has changed? China’s ban on Japanese seafood products remains in place. In order to save 30 billion yen in processing costs, the stupid Japanese have spent more than 120 billion yen on subsidizing fishermen and external publicity.
Wtf does Europe has anything to do with your water ??? Its radiactive dont drink it !!!
I can't be the only one seeing a variant of 'Hitler' in this woman? She has laid down 500 new laws in the 4 years she has been in that chair. Laws that override all law the individual European countries operate under. Look how medieval the setup is.
She is the puppet of the Sam
1:39 .“..flooded with cheaper Chinese EV... ”，in fact, the price of Chinese EVs in EU are 100% higher than in China, I mean, the same brand. So EU want these Chinese EVs price even HIGHER?!
Yes, they want the Chinese to be expensive so that VW and the rest could keep selling their mediocre s*** boxes at over inflated prices and nickel and dime us for such luxuries like parking sensors and backup camera.
Eu consumers should be screwed. Higher prices, more taxes. That is what is good for the people
Cry later😊
EU: China is not doing enough to reduce pollution.
China: (Encourages EV over ICE to cut carbon emission)
EU: You can't do that! How dare you!
Wait! The EU? Subsidies? I mean… The EU that provides all kind of funds/tax breaks/ etc to their industries? Nooooo?
Fools being lead by fools…
The fact is that Chinese, Korean and Japanese cars are much better in quality than German ones. This is the known fact. Nothing personal, Ursula. Thats just money/quality ratio. Free trade world 😂😂😂
Von de Leyen is the reason why EU is suffering from high inflation and poverty
The ironic truth is the biggest chinese build EV exporter in EU called Tesla
That is temporary as Tesla will be made in Germany soon no?
@@drscopeifynot "soon", but the environment evaluation, animal protection, and "so on"...
The reason why their car are cheaper is because they've mastered almost completely the supply chain which means that they have control over prices. The EU has the financial means to provide equivalent subsidies to help their domestic manufacturers as the US did. This move will probably end with tariffs on import of chinese cars to level the playing field which if not disproportionate can be managed by chinese companies. However if the restrictions are much harsher like in the US, the EU should not be surprised if similar measures are imposed on their car manufacturers in China
Who cares? China does not play fair, so they intervene. Same thing was happening eg. with Huawei/Xiaomi smartphones, they were state-subsidized. Those companies had multibillion losses every year for many years, yet somehow managed to survive. That is the "China miracle"...
That is temporary Tesla is opening Gigafactory in Germany no?
Yes, i agree that the Chinese supply chains contributed to the lower prices. The beef here is, state subsidies by China to the private manufacturers. UN charters allow developing nations to subsidy their industries to compete with developed world. However, the original writers of UN charters underestimated the Chinese and Indians. That's the problem and developed nations are crying foul now.
@@lenkiatleong The West were very fair when they created the UN charter. They based it on per capita/per person. But it's very clear china is cheating big league, stealing tech and covert state subsidies that literally play with the rules, breaking the spirit but not the letter of the rules. And they know WTO is ineffective, penalties very low vs the reward.
Stop it... they give massive subsidies to their EV industries. This is not a secret dude... its well documented and well known
The game was about to start, but the opponent's player was so scared that he peed his pants, causing the audience to fall into silence and the atmosphere was very awkward
笑死我了活该欧洲人多花两倍的钱买EV🤣🤣🤣
Go learn some English Chinese bot
Do that to Tesla as well.
Tesla are not cheap in Europe
@@drscopeify So does the Chinese EV's. Look at the pricing of "Tesla Model 3" competitor "BYD Seal" Price in Europe, then Compare it to Model 3.
@@rohithgoud549 SERES 3 is 31 900 € and Tesla Model Y is €44,890
@@drscopeify
FYI, Chinese EV selling average double on prices in euro than they sell the same item in Asia ……..
and Tesla in euro are more expensive than Tesla in China ……..
When Von der Leyen is so enthusiastic about competition, why don't we have competition between countries in Europe in relation to how the individual member states tax, regulate and govern. What has the EU done to create sustainable conditions for growth? I can only think of ever more bureaucracy, stagnation and public debt spiraling out of control.
Imagine whining when finally you have an opponent that don't resort to overpricing his product
China cars are not even 1% of European market . There is no competition .
@@marcioborgesreis9066 That's not the point , you don't buy car every year , in the long run when the price of eu arent competitve with chinese car , you will see great shift specially in EUV, that why all this whining over the flooding of chinese car because it's hard when china control the chain of production from A to Z.
@@negrevallsette2980 well good luck to china in the future 😂
@@marcioborgesreis9066 the more the world is multi polar , the more good it is , the law of the free market .
@@negrevallsette2980 Free market is wonder full, but it needs to be also fair ... free and fair.
Lmfao, I think it is fair for Chinese to do the same to VW
This move will destroy Volkswagen.
She will get a nice paycheck from german manufacturers
No germ manufacturers gets government subsidies too, they fear China retaliates. It’s von de herself and the US
Look I’ve been buying German cars (at least 8) for decades and I really cannot imagine buying another German car (EV) at this stage. 6 years ago when I purchased my last Audi, I was looking forward to see how German cars would compete with Tesla, but come today when I’m shopping for a new EV, they’ve only managed to come up some some garbage. Look, if you want consumers money, COMPETE! Not COMPLAIN!
German car companies just got huge government subsidies, they sweating now?
Politicians, always double standard
Von der leyen has failed everywhere.. next please
Instead of sending money to Africa, maybe we could subsidize our strategic industries too???
What does Africa got to do with this
@@alfredkibetwhat does Africa got to do with European tax dollars?
You’ve not been paying attention if you believe that sending money to Africa is not part of Europe’s survival strategy.
That’s all German car makers getting now. They are funded by governments. They will be sweating if cn retaliate
Yeah and maybe cut the last string that link you to african , i am sure china is waiting for such procedure to capture the market ,i mean after centueries of colonialism people will tend to ally themselvez with china
The price of EV car prices in EU is higher than in China domestically and how do you define dumping? Not high enough prices？ So, the EU citizen must pay even higher right? The consumer will be the judge.
European manufacturers have been making jokes from Tesla for many years, now its the chinese fault that they don't have any proper electric car.
Why in Europe leaders like this get to stay in power? It's just insane. I don't get it.
So wtf is wrong with cheaper cars for everyone when everyone is fighting inflation?
Her place is in the prison. Lifelong!
Blaming other won’t solve the problem ! The price will go up in Europe becoz of monopoly of certain company in Europe not 🇨🇳! U tax china ,they tax u back !
To many Chinese company work in EU Companies without working visa !
She s telling the world eu can t compete on ev against china!
Because in Europe, the companies are not state-subsidized to the extent China does it in order to bankrupt other companies from the "West"
China banned this website CZcams in China because hey could not compete with youtube so they created shit bilibili instead LOL
EU is very protective because they cannot compete. China will reduce buying luxury goods from France and Italy, French wines, German cars, Airbus deal can be renegotiated as well. Chinese can go further and we will see how Europe will enjoy all of that.
Did the German chancellor just make announcement of "110 billion € subsidy" to support german vehicle industry in IAA Munich 2023 ?
Secondly, the chinese EV will be sold at at least double price higher than in chinese domestic market. Estimated range from 25000€ up to 45000€, is that really "cheap" for normal european household ?
France cars get entirely beaten in China market, that's what's happening
Is Europe closing itself off?
The EU has mandated(because of carbon emissions) that by 2035 all new vehicles sold there will be EV's.
The Chinese have started producing and selling EV's to the EU market relativity cheap(much cheaper than the EU manufacturers can.
Now the EU wants to put tariffs on these planet saving vehicles.
I guess that means that the carbon thing is only a problem if the EU can produce EV's to help solve it.
It's like carbon credits, it's ok to pollute as long as you pay a tax.
Sorry Ursula. Chinese made Tesla are cheaper because the bleeding edge of battery technology are Chinese. Batteries are made cheaper there and then they are assembled. While in Europe most of the batteries are imported racking additional costs to your car champions.
Not true Tesla use NCR18650B which are made in Japan.
>> Chinese made Tesla are cheaper because the bleeding edge of battery technology are Chinese.
also CATL check out@@drscopeify
the price of CN cars in EU is not "artificially low" but already tailor-made high...
Von's family are all Americans
Tell you guys a joke: VW's ID3 in China is 50% cheaper than it in Germany and now you announce China is subsidizing?
OMG...Are u serious?😮
@@sambadoChinese trams are 80% more expensive in Europe than in the mainland, and Europe is still not satisfied, and continues to increase tariffs so that Europeans can not afford to buy cars. China has eliminated subsidies, it is clear that China's entire industrial chain can own low prices, and subsidies have little to do with it.
@@sambado 125900RMB=16000€
Now the discounted price: €16111(￥125888)，while the regular price: €20846(￥162888)
@@sambadoAlso true for BYD Seal 😂
This will backfire big time!
At 1:42, MP 222 is knitting during the speech...
Pobres Europillos con estos lideres
我很高興歐洲的領導人很笨，這才是中國崛起的原因，因為他們太笨了不斷在戰略問題上犯蠢，使得中國相較之下脫穎而出，謝謝你馮德萊恩同志❤
Other countries should ban EU food if we use same logic.
EU must tax all the China EVs so high and squeeze them out of the industry and make bankrupt
Oh please do that and I hope china did the same
Nio e.g. let's their cars design in Germany, software creation in the US, swap stations for EU are made in Hungary. Does that make it a Chinese ev?
A Changing Petrodollar?
China, for example, can not abide forever by a petrodollar system of oil purchases. As the world’s largest oil importer, it mathematically recognizes that it will eventually run out of dollars to buy that oil.
In short, China needs to come up with a better plan-outside the Greenback.
And they will.
Germany can build people mover buses. Whom can afford to buy a car ? Wages have not kept up with economic conditions. Because of billionares with off shore swiss bank accounts.
But if you let another country to flood your market with cheap cars on purpose to kill your car makers you lose millions of jobs and then once your local car makers are dead then the imported cars will be increased in price. You end up losing industry and also return back to high prices once the local car makers are dead.
In front of the whole world, the EU mistakenly believes that it is wearing a covering of shame and is not naked.
What?
Cancel what so called Free Trade regulation. Then your problem solved. You don't like it, so don't buy it..and vice versa. Each community is right to design its own chessboard. 😆
Capitalists getting mad about capitalism
seems like deglobalization has no turning back now...
Preach Von Der Leyen!
😂😂😂 she is quite funny, I should say 😂😂😂
Isn't you people buying all Chinese goods cheaper? Not talking about only Chinese cars and if can't compete said it loud.
Wow
EU just again being jealous 😂
Ursula Von Der Leyen - she nearly singlehandedly destroyed the EU 🇪🇺 economy with her lust for blood 🩸 and power 💪 ... how sad 💔
What China does within its territory and with its money is its own business, China is not forcing people to buy Chinese goods,
so what if the chinese are subsidizing it? we keep preaching about climate change isn't keeping EV cheap a benefit and also encourages people to shift from fossil fuel to EV?
Isn't it good that the Chinese government is subsidising your cars????
Ursula does NOT know that developing nations are allowed to be subsidized by the state to compete with developed nations?
Sounds like a line you read this morning without understanding its context. There actually are limits to state subsidies that members of the WTO have agreed to. Those rules aside, country A can subsidize its industries, but nothing in the UN charter binds country B into granting unfettered access to its market by country A. If you don't understand that, you don't understand anything.
@@Drcrazy93 , We are talking about subsidies. Not access.
@@lenkiatleong You may be, because you're missing the point of the probe.
Jealousy is sin
Dość tego niemieckiego panoszenia się w strukturach UE Ta pani szkodzi Europie
即使中国车被禁止，欧洲车也卖不好。
Let me be clear. The EU can also subsidies their industries. There is no reason for China to adopt the Western model.
Yup, go home Chinese bot. You are not playing fair as a country
China is suspected of manipulating their currency too on top of everything else.
Under the UN charters, developed nations cannot subsidize their industries. Only developing nations have that privileges to compete.
@@lenkiatleongthat's wrong...
The United States is a developed country, but they subsidize many different industries...
@@CulturalXplorer19 , Yes. They went against the rules and copied China.
Vompetition is ground of capitalism. Is she going after US EV. It is also heavy subside
What subsidy? Americans get $7000 when they buy an EV but of any maker also VW. Also why are you on youtube and not Bilibili,?
Fairness…? Where is fairness when it comes to developing world. How uncomfortable to hear such a speech when you’re from developing world we see what China and EU and US have done with their absolutely unfair business practices
Well Chinese work hard while Europeans work 25 hours a week and take vacation for 12 weeks a year
If you think Chinese subsidies their EVs, then why didn't you do the same to counter it??????????
With ukraine war and toll on the industry ,they can't
Yes we need cheaper car
Then who will buy those BMWs?
You wasn’t doing you job
Ursula really wants to destroy Germany😅
Why not? It’s not like the Germans would do anything about it. Just look at North stream pipeline
More Western racism towards China
She's an American
Yes. Do it for all of Chinese goods
If you think Chinese subsidies their EVs, then why didn't you do the same to counter it??????????
@@satriojumeneng7055 it's Subsidies from Government. That is Unfair. That is why we don't do it😑
@@io2068 The Chinese government no longer directly subsidizes car manufacturers, but instead provides subsidies to car buyers.
@@yimingguo8943 lies. They own the factories
@@io2068yeah sure..do that…let china do the same and see who lose
EU should also subsidize car industries, streamline supply chain, energy subsidies etc. but trade war with china will be no good for everyone.
Ai/0k
What is wrong with a huge state subsidy??
BecUse it’s Chinese. But it’s fine if it’s Tesla that’s also subsidized by China
When you are afraid to compete with your opponent, you are not far from failure.
The sentiment "If you can't surpass it, suppress it" seems to be a prevalent strategy adopted by Western nations in Europe and America to hinder China's thriving industries. Now, this strategy is being wielded by the EU against Chinese EVs.
Chinese automotive companies now offer cost-efficient EVs tailored to a variety of market segments and customer needs. These vehicles have gained global popularity, particularly in Europe. Contrary to the perception that these industries thrive on substantial national subsidies, their success stems from consistent technological advancements, innovation, and intense competition within China's domestic market.
Interestingly, the cost of Chinese EVs is considerably higher in Europe than in China. For instance, the BYD Seal retails at 44,990 euros in Europe but starts at 24,637 euros domestically. Similarly, Tesla's Model Y and Model 3, exported from their Shanghai Gigafactory to Europe, have steeper prices than in their home market.
China has already phased out its financial subsidy for new energy vehicles since the end of 2022. As early as 2018, China mandated local governments to discontinue subsidies for these vehicles to promote fair competition. Meanwhile, subsidy programs in Europe and the US persist. Germany, for example, offers up to 4,500 euros for EVs priced under 40,000 euros. France offers subsidies of 5,000 euros for the general populace and 7,000 euros for low-income families. The US, under the Inflation Reduction Act of 2022 provides a conditional EV subsidy of up to US$7,500.
The EU's countervailing investigation against Chinese EVs appears to be a move to obstruct their entry into the European market through trade protectionism. However, the automobile sector is inherently global, necessitating an open market and equitable competition rather than protectionist measures. It's impractical and unfair to hinder another's progress rather than focusing on self-improvement.
Over the past four decades, Chinese and European auto industries have nurtured mutual trust and cooperation, establishing an intricate web of dependencies. Many European automotive enterprises have long-standing operations in China, reaping benefits from its conducive business environment. Numerous vehicles on China's roads hail from Germany, Japan, America, and France, attesting to the openness and diversity of China's auto market.
Chinese EVs are not a threat to European consumers or carmakers. European-made electric cars tend to be pricey. The introduction of Chinese EVs offers affordable alternatives for European consumers, pushing local companies to innovate faster in the new energy sector. Erecting barriers against Chinese EVs deprives European consumers of the advantages of more choices and potentially stunts the growth of local industries lacking in innovation.
It's essential to acknowledge the pivotal role of EVs in slashing transportation's carbon footprint and combating global climate change. The EU's protectionist approach towards Chinese EVs could impede the global automotive industry's evolution, including within the EU. This could jeopardize global efforts toward carbon neutrality.
someone, give her a chair! Erdogan?
Classic Sun Zhu destroy EU economy without going to War??
Africa I’ll buy them
😮😲🙄
This little B
Well done
Wow VON DER LIONE Stop CHINA🕸🕷🕸🕷🕸🕷⛔️📵🧲
Thank god the US doesn't subsidise Tesla 😉