- China currently dominates the electric vehicle, battery, and critical metals industries.
- However, other countries, such as Australia, India, and the US, have started pushing back against Chinese investment in these industries.
- There is suspicion and concern about Chinese EV companies in countries like France, which is calling for an investigation into unfair subsidies by the Chinese government.
- This could potentially lead to new tariffs on Chinese EV imports to the EU.
- China's recent actions, such as threatening to curb exports of important materials and banning coal imports from Australia, have further fueled concerns about dependence on China.
The article discusses the potential for the West to use China's economic slowdown to gain an advantage in the electric car race, highlighting the need for a different approach to counter China's advantage. The author suggests welcoming Chinese investment and immigration of skilled Chinese scientists to strengthen the American EV industry and potentially weaken China.
BMW and Mercedes are intensifying their efforts in the electric vehicle market, unveiling new platforms and concept cars in response to competition from Chinese automakers and Tesla, although they may still lag behind in certain aspects.
Europe's automakers are showcasing their latest electric vehicles at the IAA Mobility car show in an attempt to compete with Tesla and counter the increasing competition from Chinese companies such as BYD and Xpeng.
Europe's carmakers are facing a tough battle to catch up with China in the development of affordable and consumer-friendly electric vehicles, with Chinese EV makers already a generation ahead, according to industry analysts and executives at Munich's IAA mobility show.
Chinese electric vehicle maker Xpeng plans to expand into more European markets, including Germany, Britain, and France in 2024, following its successful entry into the Netherlands and Norway.
The EU's plan to ban new gasoline and diesel vehicles by 2035 poses a significant risk to European car manufacturers who may struggle to compete with Chinese EV manufacturers in a price war, according to BMW chairman Oliver Zipse.
China's automobile and component exports have doubled in 2021, leading to an investigation by the European Commission into subsidies given to Chinese electric vehicle makers, as European automakers express concern over competition from China in the growing electric vehicle sector.
Tesla is expected to benefit from European protectionist measures as regulators crack down on Chinese electric vehicle (EV) competition, causing stocks of Chinese EV companies like NIO and XPeng to plunge.
China accuses the European Union of "blatant protectionism" following an "anti-subsidy" investigation into China's electric vehicle makers, posing a threat to China-EU trade relations and potentially leading to tariffs on Chinese EVs.
China has warned that the EU Commission's investigation into Chinese electric vehicles may harm trade relations and increase prices for European car buyers.
The European Union's increasing scrutiny of Chinese electric-vehicle companies has caused tension between the two, impacting the EV space and EU-China relations.
Singapore-based startup Singauto Technology is set to enter the Chinese electric vehicle (EV) market with fully electric refrigerated trucks, which could become a lucrative niche as the cold-chain logistics market is currently dominated by internal combustion vehicles; the company has already received 20,000 pre-orders for its new truck model.
Americans' hesitations to buy electric vehicles (EVs) are largely due to concerns around charging, with surveys showing that a lack of charging stations is a significant barrier to purchase, but efforts are being made to expand and improve the U.S. charging landscape through major incentives, partnerships, and the development of a single charging standard like Tesla's NACS plug design.
The European Union is unlikely to impose new tariffs on Chinese electric cars as the anti-subsidy probe must be conducted properly, according to a European Commission official.
German carmakers are concerned about potential retaliation if the EU imposes duties on Chinese electric vehicles, according to German Economy Minister Robert Habeck, who also acknowledged a Franco-German divide over the anti-subsidy probe.
The European Automobile Manufacturers’ Association is urging the EU to scrap plans for 10% tariffs on electric vehicle manufacturers who do not source all their parts from within the bloc and Britain, warning that this could result in a £3.7bn cost and drive up consumer prices.
Former President Donald Trump is attacking President Biden's push for electric vehicles, claiming they threaten blue collar livelihoods and that all EVs will be made in China, using this issue to try to win over auto workers and swing-state voters for his potential 2024 presidential campaign; however, EVs are not a hoax and are increasingly affordable and viable, helping to cut carbon emissions and address global warming.
The European Commission has launched an investigation into Chinese electric vehicle subsidies, which will be fact-based and conducted in accordance with EU and WTO rules.
China's commerce minister expressed dissatisfaction with the European Union's decision to launch an anti-subsidy investigation on China's electric vehicles, calling it a protectionist act that will affect China-EU green cooperation and the global automotive industry.
European regulators are investigating subsidies given to Chinese automakers that may be affecting European companies, including Tesla, but investors do not appear concerned.
Legacy carmakers like Ford are struggling to catch up with the electric vehicle (EV) revolution led by Tesla and Chinese competitors, as they face a significant technology gap and higher production costs, which hinder their ability to deliver affordable EVs while governments are planning to ban or limit gas and diesel car sales.
Electric Drive Transportation Association President Genevieve Cullen believes that the future of electric vehicles (EVs) is promising, as three factors - technology, policy, and markets - are driving the adoption and expansion of EVs. Despite concerns from autoworker unions about potential job losses, the rise of EVs is unstoppable, with increasing sales and government support.
Chinese electric vehicle companies NIO, XPeng, and Li Auto are benefiting from an ongoing price war, with their EV deliveries looking strong.
Chinese EV manufacturer XPeng reinforces its commitment to global expansion by shipping 750 electric vehicles to Israel, aiming to establish a strong sales and service network in major Israeli cities and break into the growing Israeli market dominated by established brands.
The European Union is reportedly planning to launch anti-subsidy investigations into Chinese steelmakers at a summit with the US, as part of efforts to protect industries from cheap competition.
