China's electric vehicle makers face uphill battle in Europe – DW – 06/11/2024
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China has been accused of dumping cheap electric cars on EU countries. But poor sales, price wars and tariff threats have prompted a mood change among some Chinese auto producers.

China has been accused of dumping cheap electric cars on EU countries. But poor sales, price wars and tariff threats have prompted a mood change among some Chinese auto producers.

European policymakers warned a few months ago that the continent was being flooded with cheap Chinese electric vehicles. They accused Beijing of backing major production overcapacity to allow China’s automakers to grow their share of the global EV market.

The European Commission, the EU’s executive arm, launched an anti-subsidy probe into the oversupply issue late last year and warned China’s EV makers that they could face a new import tariff to offset what Brussels said was unfair competition for European carmakers.

The United States is due to levy a 100% import tax on Chinese-made electric cars, up from the current 25%, which will effectively keep Chinese automakers out of the US market. The EU currently levies a 10% tariff.

  • BartsbigbugbagEnglish
    13·
    6 months ago

    All Chinese companies, public or private, are required to have worker democracy. They have better required benefits than I do in the US, including maternity care, sick time, overtime pay, and a lower retirement age. If you support not trading with the US and India at all, I will acknowledge your consistency, but it seems to me that it’s likely you’re operating off of outdated information.

    • yeahiknow3@lemmings.worldEnglish
      21·
      6 months ago

      China has an authoritarian capitalist system with more billionaires than the US. They install nets in factories to prevent workers from committing suicide. Wtf?

      • BartsbigbugbagEnglish
        12·
        6 months ago

        Sure it is buddy. Keep rejecting the truth in favor of what the party tells you, works out so well. It is after all their most important demand.