Is a new geopolitical battle developing over Electric Vehicles? | Inside Story
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- čas přidán 16. 09. 2023
- The US President is backing striking auto workers - worried about jobs and wages in the shift to electric vehicles.
The EU meanwhile is investigating China's subsidies for its electric vehicle sector.
So, are EVs becoming another geopolitical battleground?
Presenter: Sami Zeidan
Guests:
Steven Erlanger, the Chief Diplomatic Correspondent in Europe for The New York Times.
Andy Mok, Senior Research Fellow at the Center for China Globalization.
Ferdinand Dudenhoffer, Professor and Director at the Center for Automotive Research think-tank.
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#ElectricVehicles #EVs #US #China #EU #TradeWars #AutoIndustry #Tesla #ChineseEVs #TechWars
Chinese EV industry is really competitive domestically not just in export. And every country offer subsidy.
China is not whining about American subsidies to farmers, subsidies to foreign companies to build plants in America, to buyers of automobiles made in America.
America sanctions Chinese companies with ties to the military. How about American companies with ties to it military and there are so many of them?
to be frank i think china is winning the EV race. BYD is really very good car maker. I also wanted one in India but govt has banned it.
What subsidies did the US and EU car makers receive?
@User007im EU Green car innitiative as an example launched back in 2008. and i believe there are more if you research. A lot of countries are starting to subsidy the EV industry now, it is a bit rich to accuse China for doing it while they only started or want to do it now.
@siying li So before you actually know it, you already claimed 'every country offers a subsidy'? Loll
I find it strange that none of news outlets reporting on this issue seems to realize that the best selling Chinese made cars in the EU are actually Teslas
Elon bad. Don't mention Tesla.
For now. The new Chinese automakers like BYD, Nio, Li, Xpeng are far superior to Tesla.
Selfcombusting E-cars, E-scooters, E-bikes, available all over the world?
I'm so excited. NOT!!!!
Tesla plant in Germany makes 3000-4000 units per week. So you have to subtract about 16,000 vehicles per month from the total, which will equate to how many of the Tesla's come from China. In June 2023, Tesla sold about 29k model Y's in Europe. So roughly half of Tesla's in Europe are coming from China.
When the Western have advantage they talk about free trade, when the Western lost advantage the practices all kind of unfair restriction.
Yes, the US, EU and China all have subsidies for their EVs, yet China's subsidies is not ok. What a joke.
@Tian Wang
Did China pay Tesla cars made in China ? It is total lies China subsidise Tesla made cars in China.
China did provide enormous subsidies to EV car battery maker such as BYD, CATL etc.
They would talk about human right soon
free speach free restriction free decision what else?
US workers want more money, less work, and are expected to produce cheaper cars. Makes perfect sense.
Everyone has to making a livable wage, unlike the Chinese workers who make $2-3 an hour.
Look at French. It's possible to do if you work smarter. They work 35hrs a week, + 30 days of paid holidays. Results they don't need to work many jobs, in 4 days a french workers makes what British worker does in 5 days and French make more money. Their old age pensions are quicker and higher. A good hard work is a stupid thing to believe in today's world. We need to work smarter with better profit distribution. Simple as that.
The question is whether people want to better themselves or slave for corporations.
@NatoNatriumyet Chinese citizen live more comfortable than average US
@Hey King I disagree with that assumption.
I just came back from a visit to China, my first after covid. The pace that China is moving towards automation is staggering. Ask an average westerner about China's factory, she would conjure up an image of sweat shop with thousands of lowly paid workers cramping in inhumane conditions.
That was true before and is still true in some sectors but those factories are leaving China in droves. China is simply not cost competitive anymore against countries like India, Cambodia and Vietnam. China wants those factories out as well. Instead China is building highly automated factories of the future, retraining their workers and creating new competitive companies as a result. Chinese EVs are a great example.
But I have also visited modern fully automated factories making all kinds of other products. Increasing productivity is the right way to increase worker's earnings. Not unions, not political interventions, not chest-thumping leaders. Make the hard transition and a better society will emerge.
Well said
Al Jazeera is maybe one of the last media companies to actually present objective well informed guests. Thank you Al Jazeera, you set the bar for the older media companies who have fallen.
I can't wait for the arrival of Chinese EVs in Canada. Then we can have some affordable quality vehicles for ordinary Canadians.
100% bro
so true
Not if they price their car EV like they did in EU.
China ended the subsidies in December 2022. And Germany just announced a 110 billion EUR subsidies towards their EV.
The U.S. currently has $7,500 per EV made here. Obama also funded quite a bit to Tesla years ago during the great recession. All car manufacturers foreign or domestic must play Tesla for zero emission credits if they don't sell enough zero emissions cars. For example, Stellatis(forrmerly Chrysler/Dodge/Jeep) alone paid Tesla $2.4Billion dollars for zero emissions credits between 2019 and 2021 for both U.S. and E.U. Many of these legacy auto manufacturers like VW still sell a ton of ICE cars. So they still have to pay zero emission credits to Tesla unless they can sell enough EV's. They aren't simply getting huge influxes of cash like Tesla is getting to make EV's.
@N K Stellantis had the option of selling cars that pollute less, they also had the option of paying the Government fine, instead they made a choice to buy credits from Tesla.
China's previous industrial policy did not directly affect electric vehicle manufacturers, that is, it did not subsidize specific manufacturers, but subsidized consumers at sales terminals. Therefore, automobile manufacturers can only obtain industrial subsidies if they make better models to attract buyers.
Europeans, particularly Germans. have enjoyed 30 years of high sales and profits in China. Now the tables have turned because Europeans have resisted EV technology even when they were surrounded by Chinese and Tesla in that market. Perhaps EU and US should subsidized petrol less and the future more.
Europe is open to competition, but the competition must be to our advantage, not disadvantage.
you forgot to add if the US has an advantage the EU bend over and asks if the angle is good enough. US subsidises their batteries to tax breaks for consumer purchases as well to play catch up.
So you're saying we made the rules but we don't want to have to follow them? Seems fair...
Competition must be fair. As long as i'm the winner, the competition is fair.
有意思，那30年前徳国英国欧盟汽车进中国时中国有利吗？特斯拉进中国时中国有那个电动车企?
Tesla started building its Shanghai factory in Jan 2019 and started the assembly lines in Dec. 2019. One million EV's
were built between Dec. 2019 to Aug. 2022 . And another one million were built From Sept. 2022 up to early Sept. 2023 .
Most of the German Car companies are working together with their China partners at present in this race .
Cars from Japan will fade out eventually .
It’s all about a rule-based international order until you get beat at your own game
exactly...
The US manufacture will keep falling as long as the The US$ dominance the international trade currency position.
I’m a vw id4 owner in China, the ev subsidy policy is fair to all brands in Chinese market, the policy just makes ev makers cakes bigger
Is it the same as VW making ICE cars in China have to pay China EV cars maker carbon credits about $7500 per cars ?
I like how the interviewer is actually listening and responding to what is being said, and not just reading one prepared question after another.
You must watch fox a lot
@rcpmac Nope. You still watch Saturday Morning Cartoons, don't you?
@rcpmac Nothing but primary colors there. Let me know when you graduate to ABC Afterschool Specials, little trolkin. Maybe we can talk then.
The problem here is that big european businesses invested in oil and gas related businesses. They don't want to switch. But china saw a future in EV earlier on and now they're a giant in the automobile space
Really?
China is flooded, crocodiles are hard to catch. 😮
china has the advantage of everything. lower cost, highly developed automotive factories, resources, locally produced batteries, largest lithium mine and refineries, and massive research and development, and innovations. The rest of the competitors are way behind due to restrictions and patents.
@Mark Bernados china dont spend money on unending war like iraq afghan libya syria war. The US spend $8 to $10 trillons for this war. If the money spend on industries then the US will be much more advance
I'd like to see a mainstream outlet like this one interview Sandy Munro, an expert on Lean Design, and a consultant for various Chinese automakers some years back -- and it really shows now!
Constant innovation is something the EV industry is displaying, mostly due (in my opinion) to Elon Musk and Sandy Munro. Getting everyone to a sustainable future -- primarily BEV's, solar, and battery storage capacity -- is mainly going to be about the economics of it becoming clearly favorable. (Even though the moral argument is also quite strong.) And rapid innovation, rather than subsidies, will be the main driver of those favorable economics -- like the price of a fully (or battery) electric vehicle. If they all cost 80k+ forever, only so many people'll be able to afford them.
Actually what amazes me is that we still charge luxury car tax in Australia making German cars vary expensive here. I'm amazed Germany and Europe haven't complained about that
China has many imported cars, & still successfully made Chinese brands EVs. China has many imported phones, & still successfully made lots of Chinese phone brands, does EU, US lost confidence? 😅
Tesla has all sorts of subsidies and various tax credits here in the US. Is that any different than what China is doing?
US and Europeans think that "rules are for thee, not for me"!
Tesla doesn't get much in subsidies any more. They'll get some to continue to build out the supercharger network. But they still have to expend alot of their own money to go along with those subsidies. So it's not like free money. Tesla gets a bone in the form of Zero Emissions credits. They sell these credits to all the other car companies, and they make hundreds of millions per year off these credits. Stellantis alone paid Tesla $2.4 Billion dollars between 2019 and 2021 for zero emissions credits in both the EU and US. The EU has the same zero emissions credit scheme.
If you can't compete fairly, tax, ban, sanction or probe them ,😃😁
last but not least, kidnap the founder's daughter
Western notion of fair play.
My economics teacher, who is German, called German politicians “pathetic” over this.
It's hard but comical to imagine that the UAW workers are "trying to save the American dream" by fighting for 32 hour working week, while China didn't even start a five day working week. The Chinese work six day week and we didn't even start talking about the wages difference. Even if the Chinese subsidies to car industry apparently ended in 2022, just these facts make it ridiculous to even try to compete!
一些大厂是“996”。
The experts never talk about the technology.EU's ev cars cost way more than China's,because EU is behind in the term of technology.
True
What technology please? Only batteries. That will change when other battery tech arrives.
@jelly d you should ask VW what did he pay for from Xpeng.Bought Xpeng's batteries?Xpeng doesn't produce batteries itself.
They were asleep at the wheel whilst China (and Tesla) was eating their lunch.
I feel that the US and China expert are more precise when they are talking about their opinion and government policy, the EU countries are so diverse, so the EU expert is so jumbled compare to other two, not only because he lack of specialized skill, but also because EU is in a mess in many categories.
I won't say Russia will get out of the war intact, but EU is more and more bogged down with the war and its consequences (energy crisis, inflation, deindustrialization, and recently refugee influx, thanks to food crisis in Africa, probably due to the war).
While there is one Federal policy regarding EVs in the US, state policy varies widely. EV penetration rates among US states are probably as disparate as in the EU, if not more. California vs North Dakota? Fairly similar to Sweden and Italy....
Always fighting against what good for little people
In Canada the average price for new vehicles is 67 thousand dollars 😢😢
If subsidy is the only reason why Chinese made EVs are cheaper, why can’t Europe offer more subsidy? Isn’t European countries the richer countries? subsidy is just an excuse for the less competitive European EVs
Good arguments and reasons from everyine. These ev startups have big advantages... no legacy vehicles...a tiny amount of parts to deal with... simplification.
China EV with competitive price and quality, helping EU to push green agenda and commoners can move away from fosil fuel more faster.
China has lots of affordable EVs like the Wuling that no car manufacturer in America is yet to be able to produce given the costs.
did US not give its chip industries? Why did EU and US not criticize it for doing so?
0:38: 🚗 The EV sector is becoming a new geopolitical battle as the US struggles to compete in the global electric car market and the EU and China clash over subsidies.
4:52: 🚗 The battle between automakers and auto workers in the US will impact the country's competitiveness in the global EV market.
8:23: 🔋 China and Elon Musk have a competitive advantage in the electric vehicle market due to cost effectiveness and battery expertise.
12:33: 🔌 The role of government is crucial in the development of the electric vehicle ecosystem, including charging stations and other necessary infrastructure.
16:45: 🌍 There is a global trade battle looming between the EU and China over unfair subsidies.
20:58: 🚗 Allowing Chinese EVs into the US market could benefit American consumers with inexpensive, safe, and well-designed electric vehicles.
25:11: 🔋 The challenge and opportunity of prioritizing national battery production in times of crunch.
Recap by Tammy AI
China is the biggest vehicle market, two times larger than US market, nearly three times larger than EU market, and is still getting bigger. Chinese consumers prefer local companies more than foreign companies.
True
The US offers subsidises too but that's different, it's one rule for the US and another for China. The Chinese expected this would happen, that's why they ended subsidies last year. The EU should complete rather than to follow the US example of using sanctions and coercion to destroy competition.
Yes, just like the International Space Station and Huawei, China people later built them themselves.
Rare to see a presenter who is better informed that the expert guests….well done presenter….get better guests
The truth us that European legacy automakers feel they lost the battle for competitiveness in the china market. Now they are lobbying to be able to protect their traditional market that is EU
The ICE automakers have a disadvantage because of the legacy costs of supporting the ICE vehicles and pensions associated with retired workers as well as the unions push against automation and in favor of manual human labour. If you go into new electric car factories, you will see that robotic machines do most the heavy work with speed and precision, old unionized factories will never let their factories automate for competitive advantage.
Let's face it. Everyone loves affordable these days I know the fact that NIO Chinese EV is close to Tesla the only difference is the software Nio has a far better range and Battery charging and is also cheaper for EV EU cars not for me I prefer to choose Tesla its stylish and quicker to charge compare to german car
Losing in a competition using all means is what happens in a country that claims to be very democratic
excellent discussion on the current state and the future of EV market
The idea of EU is focusing on high end luxury cars and the US is focusing on big pickups and SUVs while China focuses on affordable cars is interesting. Doesn't mean they can't make all of them, just means they can deliver you the best on the market.
China is open to western cars and Chinese people still have brand pride where they ride western cars for status symbol but if the west can't accept Chinese cheap cars, it's gonna be an ugly trade war and can't deny the possible rise of national pride where they start boycotting western products.
Inshallah China will bring back the pride of its neighboring countries and those who were constantly being bullied mentally for ages
China has advantage because it has complete control of the EV supply chain(robots, batteries, AI, Metals and electronic chips) plus relative cheaper labour and vast domestic market.
As usual and as expected US is wayyy behind the curve.
Fair interviewer and informed guests, props
Let's face it. All these are because of China, game changer... lol
In the US, without a nationwide infrastructure development plan for recharging station electric vehicles are only useful for local commutes. Even the there has to be the infrastructure to meet the demands of electricity so as to not crash antiquated electrical grids. Here in California we experience blackouts during summer on a regular basis due to high electricity use for air conditioning.
Without the Tesla supercharger network is what you mean. A road trip in my Tesla is a breeze in the USA.
@Alex Divov I don't doubt it but charging stations have to be as abundant throughout the country as gas stations are. There's also the question of having the infrastructure to produce the high demand of electricity if all vehicles go electric in the future.
If electric cars require fewer factory workers per car, then manufacturers can simply make more electric cars with the same number of workers, and pay them for their increased productivity . Some electric car manufacturers are already doing this.
It's a bit late to be talking about this now. The battle has been won and China is the winner. It's the largest EV maker, largest EV exporter and has by far the world's most competitive auto sector. The EU and US and way behind and even worse, the US is going in entirely the wrong direction by becoming increasingly isolationist, as they did vs. Japanese cars. They will see the same result. In addition, China is utterly dominant in EV battery technology, with CATL and BYD dominating the market, with the Koreans and Japanese trying to hang on.
The US, EU, and China are all major players in the global EV market. The US is home to some of the world's largest automakers, including Tesla and General Motors. The EU is a major market for EVs, and it is also home to a number of leading EV manufacturers, such as Volkswagen and BMW. China is the world's largest producer and market for EVs. EVs are a key technology in the fight against climate change. Countries that are able to develop and lead the EV market will be well-positioned to address the climate crisis.
What figures are show us the obvious is, traditional major automakers are losing the game at the moment. New startup EV automakers have the advantage that they do not carry the burden of transition like the traditional automakers; smooth transition from ICE to EV is difficult, they need to continue on ICE car production & sale to keep themselves running, while investing into a totally brand new EV sector and the worst? Each new EV they sale cancels off a ICE sale, with the latter far more profitable.
Korean EVs from Hyundai and Kia are rather young automakers as well, they stand out because they too hold key battery technologies.
Do you think climate change is really an issue to politicians? Nah, maybe at the initial stage in the 90s, it has always been one of the talking points to curb third-world countries like China, India, Indonesia.
And China is investing heavilly on building new coal plants to generate the electricity for those EVs.
@jigil jigilchina will surpassed both France and USA in nuclear power plant
Who is to blame for the EV lead China has? The political right in the West. Conservative politicians funded by big oil and car companies striving to maintain the status quo and protect their profits fought EV adoption in the West for more than 2 decades. The old system with big oil companies and complacent car companies were resting on their laurels. China looked at the market, realized it would be stupid to invest in trying to compete eith legacy car companies with ICEs, so they decided to invest in the future; batteries, EVs etc. Now the west is hand wringing and grasping at straws to justify not competing with Chinese car companies.
It’s about expansion of regional industry really and also the preservation of autoworker jobs in developed countries. It’s about having independence from China longer term.
Yes it is, and China should do the same~ and charge European industry trillion for exploiting Chinese worker~ faire game.
@F C Good. Then the European industries leave China and all those exploited Chinese workers will be unemployed. Additionally, China loses nearly 50% of the amount of it's foreign trade, also one-quarter of the output value and the profits of the Industrial Enterprises and one-fifth of the tax revenue from those foreign industries.
@NatoNatrium The U.S. tried that already and we’re losing to China in terms of trade deficit. If E.U. and China go their separate ways, China can afford to make cheaper EV cars for the markets in Asia, Africa, and South Americans. Those places would rather buy a cheap Chinese EV for $24,000 than a European EV for $$40,000. Plus, China had the monopoly on EV battery technology. Their manufacturing power outperforms the U.S. and Europe combined.
EU needs to lower its tax, give incentives, and attract more talent from all of the world to create competition with local workers who is getting old
EU and USA have to accept and respect the country which can produce better EV.
In order for solar and wind investments to impact hydrocarbon dependence, you HAVE TO adopt eV rapidly other wise trillion of solar and wind sit next the the same number of ICE engines as last year and same oil consumption. EU is very short sighted to drag it feet in allowing in Chinese eV to speed ICE removal.
The question is: if EU cannot complete with Chinese and Tesla,how are they going to sell their cars to the world.
I have a friend in Chicago owned a Trucking Company with 30 Trucks, he bought 2 Chinese electric Trucks like Volvo and Peterbuild These electric trucks performed excellent his profits went up 40% on 2 trucks. He decided to replace all trucks to electric, he asked electric company that he is going electric and wants to revamp his electrical supply to 3 phase and gave load calculations, electric company came running to him and said WHAT do you know how much power you are requesting it’s 5 mega watts, half of Chicago uses 5 mega watts. We don’t have the grid to supply you that kind of power. WHAT OMG. I have 2 trucks right now and there is no problem. We have problem your draw is skyrocketing when both trucks are plugged in after your shift is over, these batteries are huge. City refused to supply power and told him to move out immediately and buy 20 acres put up a Solar Plant for your business. This is the only option. You know what he already bought 50 acres 40 miles away from Chicago and moving with all electric, he said he can recover his money in 3 years cause no engines, no transmissions, no Motor oil, no Transmission Oil, no changing batteries every 24 months. He is happy camper.
Lies
Interesting story, thanks. Punctuation would have made it even better.
Lies. Chicago uses 413TWh a year.
Retired UAW here. We know that fewer jobs are better than no jobs. Had two factories close on me, both due to the lack of investment. One big issue is the big three are building new battery plants with massive government subsidies. They say these are joint ventures and want to pay these workers less. We say these plants are big 3 owned and should be available for UAW to transfer to as engine and transmission plants shut down.
The problem in US is due to Wall Street greed.
Wall Street CEO demand high pay and not dedicated to help company become strong and profitable like Toyota.
The American CEO are all over paid obscene amount.
@Zen Lei As you can see from the comments, most Americans support multi million dollar wages for CEOs while their employees get just enough to get by.
Sanctions will eventually hurt those who imposed it. Sanctions make countries being sanctioned to be self reliant, innovative and develop their own more superior products !
So what is north korea producing of such great innovation and quality?
@kira don't be ignorant!
You can see 2 workers at the beginning of the picture but Chia already started trial of humanlike robots working under the car, so, automation is the only way to survive or pay for more expensive human made cars then see how much more competitive you can be and then no more industry.
RIP Volkswagen in China, the brand's largest market.
Unionised western countries can NEVER compete with China or India in any industry or category. Long Live India & China.
Don't lump India with china, Vietnam exports more than lndia
Does it has anything to do with India?
Not only the chinese have the best battery technologies and better access to raw materials but also they're more and more good in design quality of manufacturing and finish. The chinese have a paved road to dominate the world market of smart cars.
EU commission is being selfish.
So EU leaders are giving more subsidies than them and for makings cheaper for everyone?? EU leaders are so caring😂
China has 4X the population of the US. Assuming they have a 3:1 advantage in terms of the engineers they produce, that is a hugh technical advantage!!! How many home grown Americans have an Engineering degree??!!! You can see how this technical game is going to turn out even if you take out the factor they manipulate their currency for competitive advantages!!!
Imagine having an interview like this on any MSM network in the US.
The bottom line is that you can't penalized China for think and investing ahead and being right about it! The is the goal of capitalism, silly!
Chinese EV subsidy is exiting from Jan 2023. Now almost completely gone except tax reduction for consumer.
Do keep in mind that we are talking about car manufacturing, the average USA salary is $11 per hour, but car factories pay $45/hour plus Dividends, last year Ford paid $9,000 in Dividends to floor employees, plus other benefits, the total wage per hour is estimated at around $63 per hour, my point is that car manufacturers dont pay minimum wage in any nation. And if the union gets the %40 increase then they wd get around $100 per hour (with total benefits) thats way more than the $11 per hour national average
I thought we must let the market do its thing? Capitalism 101 right?
Does China? No
@Anshu Raj of course, for Capitalism to suntain itself, it needs the State. Anarcho-capitalists and Libertarians seem to forget that.
@Nelson Guzman
Ofcourse
On EV price the US could not compete with China because:
1. Both almost have the same level technology (= car quality)
2. US has higher manufacturing cost structure than China: workers wage, raw materials
These western countries make us laugh sometimes.
Firstly, did any western country acknowledge the complaints of developing nations when they were complaining bitterly about gargantuan prices of western car brands?
Secondly, did any western country see the need to pressurise these car companies to reduce their prices?
They rather claimed developing nations were poor and hence the reason for their inability to purchase big western car brands.
Thirdly, did any western country complain about unfair practices be it pricing or government subsidies when it was only their cars that were gaining huge market share just a decade ago?
Do western countries think this world only revolve around them? No.
If they're cheating the rest of the world, they call us dumb, fair trade etc.
TESLA No.1 EV-maker on planet Earth 🏁🥇🏆🎉🎉👍
The next complaint would be China stole EV technology from countries that produced more expensive and less advanced EVs. Once China dominates the EV industry, the West will change course and declare that EVs are not green. No matter what the West does, China will move on with Asia, Russia, South America, and Africa. These new markets are ripe and China controls the design, raw materials, and the supply chain. The West will struggle with both combustion and EV engines. They don't have petroleum or electrical energy and yet, they restrict themselves from acquiring them. Most importantly, they rage war with their biggest customer which is China. The only solution is to complain and cry foul. Until they wake up and behave like real adults, don't bother them. Sun Tzu said that if your enemy is making a mistake, let him carry on.
EU should cancel Free Market regulation forgood 🤣🤭
It's more of protective their legacy maker and give them more time to transition to fully ev play
The anchor man shot insightful questions indeed. The three interviewees are all matter of factly style with individualized perspective. Their way of talking politics are quite interesting too.
nice interview, great host and guests.
In 2009, the administration dedicated $2.4 billion of the $787 billion stimulus bill to promote battery and EV production. Consumers can get a federal tax credit of up to $7,500 for buying electric vehicles and plug-in hybrids. The Obama administration has repeatedly proposed boosting the credit to $10,000.
They just have the competitive advantage simple, efficient n productive workers, economy of scale of almost eveything due to large domestic market. And subsidies for going green are from all around the world, not just in China.
Haven’t discussed the Japanese auto industry which has been very slow to transition to EV. Do they have a different strategy?
Toyota is betting on hydrogen not on EVs.
Well, if EU consumers prefer paying higher prices for EVs, then why not?
Here in SE Asia, american cars are non-existent now, and japanese dealers are closing down every week whilst Chinese EV dealerships open new location every month. And why not? The Chinese cars cost half as much and have equal-to-better quality per local consumer reports.
THE EV REGIONAL THINKING IS LIMITED. IF THE U.S AND EUROPE JUST FOCUSED ON THEIR REGIONS, THEN CHINA WILL DOMINATE THE GLOBAL MARKET. THE U.S NEEDS TO START TO THINK ABOUT THE GLOBAL MARKET.
It's not just a matter of cheap labour. Above all, it's a matter of know-how, retooling, design, engineering… Detroit automakers failed on all accounts in the past, which is why the GM and Chrysler went bankrupt and Ford just about managed to scrape through. All three are heading for the ash heap of history, and good riddance to bad rubbish.
Fortunately in Australia we don't have a car manufacturing industry here anymore so hopefully we get cheap Chinese cars here without massive import taxes.
China EV cost US$8K in Malaysia today. Basic but reliable. For 11K you get more luxury, and for a bit more, a 405HP EV that will wow you, like a girl with loose plain clothes that cover a body to die for. In both cases, it's suprise and woo-hoo!!
To be fair would all electric vehicles have same charging ports🩵🤔
While the legacy auto makers have been enjoying their huge profits from ICE vehicles, China moved forward.
The automotive traditionalists are like dinosaurs while new auto companies have new legacy costs and could see themselves becoming assemblers of multiple OEM’s in the future
Europe will be able to use tariff to protect its auto industry, which makes it into a zombie industry and cannot compete overseas, will see how that goes.
Sad to see Europe has lost its advantage.
While Aljazeera topic is a hot one, the news anchor did not allow the commentators to fully expressed their point. He interrupted several times the direction of the conversation.
Tesla is the US answer to competition from China. The company already has a charging infrastructure built out in the US and Europe. China can't import cars to the US without massive tariffs. The traditional auto companies in the US will get smaller while Tesla gets much larger.
and tesla is made in china... irony
China EV needs to JV to modernize Russia's Makes for exports. In even where E.U. & U.S. unfair trade restricting China's EV imports
How about governments giving electric cars for free to those who qualify?
Innovation around the world been slowing due to all these bureaucracies
I have a question for you Al Jazeera: are fully electric cars really a solution? Batteries are really expensive and the manufacturing produces not only carbon but also heavy metal pollutions. The raw materials for batteries are also causing mayhem mainly in Africa. A completely electri drivetrain is more efficient - it's simpler, less friction and allows for regenerative breaking. However, I have heard no one talking about the new HCCI ICE engine that is as efficient as a gas turbine and that could be used to generate power on what is called, iinm, Plug-in Hybrids. The HCCI engine has the same thermic efficiency of a gas turbine.
I know there's path dependency but we should remember that global warming is a result of path dependency and we should be able to change paths when we realize the new path is better.
Sodium batteries are coming. Don't worry.
If you can't compete with them ban them 😅😂
Why on earth is the EU not subsidizing as much?
Chinese president Xi Jinping is an INTJ, that's why China became so competitive in EV. ❤
So does employment not get affected in areas where EU and US export their vehicles ,isn't business about competition or it's only ok when the big guys do as they please with their products in other countries
Why are they worried now about China EV cos they the ones who pushed for EV
You make trade battles, I will watch you from the window of my dental practice as I did in the last four years.