Winners & Losers of China’s Brutal EV Market #nio #byd #electriccar
China’s electric vehicle industry faces unprecedented challenges both domestically and internationally. While companies like Tesla, BYD, and Li Auto profit, over 400 others have collapsed in fierce competition. Domestic EV makers engage in brutal price wars while battling steep tariffs and subsidies abroad. In May 2024, the U.S. raised tariffs on Chinese EVs to 100%, aiming to protect its market. The EU is investigating similar measures. The Chinese government’s substantial subsidies have led to overcapacity and global criticism. Despite this, China’s EV supply chain dominance remains strong. With reduced government support, does the market’s future lie in the balance?
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REV – The Global Auto and Mobility Show from Deutsche Welle
#DW #dwrev
00:00 China’s EV Market
02:08 US Tariffs
04:12 China’s EV Global Market
05:07 EU Tariffs & Europe’s EV Market
07:14 Chinese Government Subsides & Overcapacity
11:49 Europe & US Subsides
14:07 Brutal EV Market
