Will China EVs Survive European Tariffs?
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- čas přidán 13. 07. 2024
- Bill Russo, founder and CEO of investment advisory firm Automobility, says well-established Chinese EV makers will be able to continue their international push despite European Union tariffs. He speaks with David Ingles and Annabelle Droulers on "Bloomberg: The China Show."
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The best question: will America and EU automakers survive in Chinese market.
it's likely that they'll take up chunks of the chinese market, just not their majority because domestic brands will be even more competitive in future
@@dinglshingleYou mean overhyped junk that are overpriced 😂😂No one wants them except US lapdogs which are forced to buy them.
Yes. China makes crap.
They are tredding water at this point. They may have a random EV product to offer, but when NIO or BYD has seven or eight EV choices, the Western models don't stick out. I drive a Ford, partly out of patriotism to my home country,. Every time I go for an oil change, the choices on the show room have dwindled.
they are damned if they do; dmaned if they don't.
what these people are taking about. up until now, chinese ev cars companies survive because of china 's own market which is the world biggest ev market.
Europeans and americans don't seem to be bothered by clothes made by children in sri lanka.
BYD is everywhere in the world, what do u mean with ur topic?
BYD sells a few thosand cars in the whole Europe,while european brand cars sell more than 4.7 million units in China.
@@stokeynathu8112 well then, when Europe increases tariff to chinese EV cars, time for China to tariff these 4.7million european cars
@@stokeynathu8112 So if that's the case then who is going to suffer more in this tarriff war.
❤China model FAVOURS the consumer.
AS AN AMERICAN BUSINESS MAN I AM NOT ONLY SHOCKED BUT STUNNED BY THE LEVEL OF WESTERN ARROGANCE AND BUSINESS STUPIDITY. THE WEST IS ONLY 12% OF THE GLOBAL POPULATION AND MARKET..88%OF THE GLOBAL POPULATION IS IN THE GLOBAL SOUTH .THE GLOBAL SOUTH MARKETS AND RISING POPULATIONS ARE GOING TO BE THE CENTERS OF GLOBAL ECONOMIC GROWTH. CHINESE COMPANIES ARE GOING BE JUST FINE. ARE WESTERN COMPANIES GOING TO BE ABLE TO COMETE GLOBALLY?
as a normal person, I prefer if you would leave comments that aren't all CAPS and don't make sense
@@dinglshinglea loser normal person which doesn't accept the reality 😂😂
@thoma well said❤
Since Europeans can't competes with the Chinese, its good to add more sanctions, tariffs on China products.
This will makes the Europeans feel good paying more for the quality as the other paying less for the same quality.
I paid more than you on this products. Dude. 🤣
Europeans are far more competitive than the chinese. The point is china cheats
@@jerrymiller9039 europe can't compete with china . That's why they lost
Point is that china is best
A better question will be If the European car makers survive the entry of Chinese EVs to the market?
Byd has a hybrid that will travel 2000 km on a 65 l tank of gas and a 150 km battery charge. Under 20 k USD in china.
It's called hypermilling -- driving at really really slow speed to achieve max distance, only possible under China's notorious inflated CLTC range.
@@tooltalk real range about 1300km. Now name one car from your country that can do that. You just can't compete with them. Cope my friend.
@@erwin734 range of 1300 km with a wet road, a speed of 120 km/hr, a change in elevation to a higher one and air conditioning operating. All energy vampires. I am sure the range will be waay up if these conditions were changed.
@@greggpon7466 the same thing applies to ice cars. Your comment is meaningless.
@@erwin734 a hybrid is an ice car. Duh.
No mention of NIO despite despite being in the top 5 pure EV brands in China. These analysts are scared.
I swear I see them a lot less than other brands.
the way the guest spilled his lies 😂😂😅
The better question is will German auto makers survive if the Chinese post the level of tariff as a revenge
Of course they will survive, but no more gluttony.
the answer will be simple not only will Chinese EV survive they will go on to dominate because there is just no substitute lol
European consumers will be the biggest loser if the tarrif stays... Luckily i don't live in Europe and US.
Maybe the Chinese gov't can pay more subsidies to offset the tariff! It's a win-win for China and EU consumers!
I think nobody has mentioned the biggest export market of Chinese EV is Brazil, and the growth is > 1000%. Btw, Annabelle is gorgeous
BYD has DM5 2000km hybrids. No eV tariff. Beats all others in range.
Tesla Model 3 can achieve 1000KM hypermiling at 50mh. What the heck is your point?
@@tooltalk you been everywhere, you pethetic louser
@@tooltalk 1000 seems like half of 2000 but I might be wrong.
@@victorchen9170 That's pure BEV.. also CLTC is highly inflated by as much as 30%-40%
@@tooltalk Wheelsboy did a real range test, 90% on highway with rain, and managed 1350km which is pretty good.
China EVs will be fine - Europe is a tiny market compared to Chinese domestic demand, the real question is, will European ICE manufacturers survive the inevitable counter tariffs from China? Their main market...
edit: Actually nice article guys. Pretty spot on. Be nice to see some BYD factories around the world so if that's Europe's game then I'm behind it. China has always had a brutally competitive environment btw. It's how they roll.
BYD EVs are everywhere in the world
China castrated itself and has a shrinking market
@@jerrymiller9039 how can China castrate when it has bigger population then eu and usa combined
The main market for European cars is Europe, NOT a poor place like China. And if Europe is such tiny market then why is China still SCARED to put tarrifs vs the EU, huh bot? EU got 12 MILLION jobs in car industry. That need to be protected
Let China enjoy the market of Africa.
💪😎 You know, places with similar standard of living like China and Africa should cooperate. 👍👍👍👍👍
@@Just_another_Euro_dude did u read the news wrongly? it is EU applies new extra tariff on chinese EVs, not ur "why is China still SCARED to put tarrifs vs the EU"
yeah right, im buying the new BYD QinL $14000, can travel 2400km for 1 tank of gas
not really suitable for u, u can keep ur car
I will only ever buy Chinese cars anyway
You have never left your own home State in the boooonies also
So I’m not surprised 😂😂😂
As you type your suddenly woah oak-snow fl ache indignation on a Chinese made gadget
Said NO ONE EVER. In HISTORY. Lol, 😅😅😅😅😅😅
Those EU tarriffs should be applied then those ev,s that were earmarked for the European market will be diverted to other countries in s.e Asia, Africa and south America and central Asia. Thailand and Brazil now have BYD factories so other countries around the world will be getting ev,s much sooner than expected.
Because of these politicians, the free market has become a closed market. These high tariffs still end up in the pockets of politicians.
Given the size of the Chinese Market, this is an idiotic question.
China must reciprocate every action taken by the inefficient EU industries.
Go ahead. Absolutely no one stopping you. So why are you scared to do it then? Oh, that's right. At the end of the day you are still a third world country that ain't as powerful as you were tricked to belive you are.
just like how the US reciprocated China's illegal subsidies and exclusion of foreign EV battery makers in China's local EV market with equal response (aka, the US IRA).
Nio will be the biggest ev maker in the world
In retaliation, China should impose tariffs on EU imports where it hurts most.
China will not survive European tariffs. But both China and Europe will adapt. Europe will pay a hefty price too if there's no deal. Too much money not to work out some deals!
What an arrogant title. The question is whether European car makers will survive without Chinese market
I would love to get one 😊
EU leaders will be wise to assess the robustness of EV in the EU, hence the probable extent of pervasiveness of Chinese EV in the EU, versus losses in exports of ICE cars to China, as EU made parts or finished cars, as a result of retaliatory tariffs.
Only those without knowledge of Korean War history would believe, very sad these people on high morale ground telling lies without feeling ashamed
CATL was missed by this guy. Electric vehicle batteries are the new oil.
And will EU survive this trade war?
And why is China scared to respond to these EU tarrifs? Will China survive the right wingers getting power in the EU. Now THAT'S a better question.
Good luck with the real estate slump and the collapse of China's EV industry.
wrong question: can VW survive EU tariffs 🤪
NIO business model will become a standard and each EV car producers will need to follow. He don't mentioned NIO 😂😂. Is the best EV PREMIUM CAR in China.
THE OTHER CAN JUST FOLLOW UP 😍🔝❤️
sold nio @ 70
Did I hear iToufu? Seriously?????
Europeans love to buy expensive stuff, i think they feel superior that way "Hey, I've got money you know! I paid twice as much for the same thing, look how rich i am!"
And stop saying China has population crisis, for 1.4bn people it doesn’t because the absolute number is massive.
Funny how USA with only 330 million people doesn't have population crisis but Europe with 750 million does and China with 1,4 billion people does. Easy to guess who is the one pushing that narrative. The Muhrikan mainstream media.
Will EU pork and wines, milk, cheese survive China tariffs ?
well, if you want to run oil powered cars all the time, then maybe you should stop getting China's EV.
I'd like to drive a EV, made by Japanese or Koreans.
@@tooltalk or Taiwanese
@@poiounhotmail hmm... you mean three wheelers?
@@tooltalk never mind, i wasn't that serious to the detail, i was actually saying, i don't mind chinese ev, but if japan and korea wants to make ev, then, i don't even know how to answer that.
@@tooltalk do japan and korea want to make ev?
What do the extra tariffs money do?
Paying Uncle Sam debt?
If that is the case, that tariffs would be permanent like import tax.
It is easier to raise tariffs than to develop the automobile industry.
Get a clue troll! This is EU not USA!
Setting up factories in Europe and implement the win win cooperation❤
Setting up factories in Europe implies lower bottom line
8 million EVs were sold in China last year 10.million expected this year.
300 thousands Chinese eVs were sold in Europe last year
The future of Chinese electric cars outside China 🇨🇳 is still uncertain.
They are copycats and have not been proven to be safe.
Currently, they are mostly sold in Russia, where most Western companies have left.
They are everywhere in Asean.
F ache News liar pants on fire
👇
Nine Chinese cars scored five stars in Euro NCAP in 2023
In 2023, Euro NCAP crash-tested 17 cars. Nine of them were Chinese EVs, accumulating over 50% of assessed vehicles. According to E-NCAP, Chinese manufacturers were anxious to prove their relevance to European buyers. They have achieved this goal because every evaluated made-in-China car got five stars.Dec 11, 2023
CarNewsChina
Btw who cares China is the largest EV market in the world last year selling 8 million cars this year expected to sell 10 million cars
But
30 million cars are sold in China every year
So that leaves 20 million ice vehicles many of them being American and European made cars
0 proof.
Besides getting 5 stars NCAP rating. Chinese vehicles have been used in international market for decades.
This is a pretty illogical comment.
China 🇨🇳 has a *faulty economic model,* which causes frictions with other countries. Experts have warned China for years that the model is not sustainable.
China has already experienced property sector overcapacity crashing.
Soon, its EV and solar panel will face the same fate as Evergrande and Country Gardens.
In China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities
By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities
That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers.
Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate.
Even then, It took them almost 14 years to get their overheated real estate under control
Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018
Why is their Central Government doing this?
Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen.
Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need
In China
Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married
Thus the common prosperity push and the crackdown on the overt displays of wealth in China
Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
Faulty your mum's model? The model lifted 480 million people out of poverty in only a few decades. Can your fart model do just a quarter of that?
If me buying a chinese product makes my country face unemployment then so be it
Keep your politics out of my wallet
Free market . I can buy chinese products.
If my economy is so screwed up that me buying chinese products create issues then tell your ceos to loose their belts
I ll buy more chinese products. To hell with your politics
If you live in a free market economy, you would surely have experienced periodical market and property crashes. A free market regulates through competition and attrition. And no country can export without an over capacity or more importantly an over production situation. Germany export 50% of the cars it makes, how about banning German cars for its over capacity policies?
keep making shirt is ok, making ev is faulty?
Barbarousness and immorality will never outcompete civilization and justice. Likewise, the EU will never yield to China, whose governors have been ruthlessly obliging local labours to work with an anti-humanitarian working hour and employee welfare in order to reap an enormous amount revenue while expand their market share by selling their commodities in an immensely low price to disrupt the foreign good markets.
Funny. Calling other countries barbarous while Western countries have been looting rest of world directly or indirectly for the last few hundred years to support your civilized society. Have you thought about you and your descendants paying for your own barbarous acts to the world?