Chinese new energy vehicle (NEV) giant BYD has released its fifth-generation DM (dual mode) hybrid technology for plug-in hybrid electric vehicles with a comprehensive driving range of 2,100 kilometers.
The open secret is that China’s EV subsidies are designed to keep sales within the country, because otherwise Chinese EV companies could make obscenely higher margins selling overseas.
The BYD Seagull ($9700 in China) is being sold as the BYD Dolphin Mini in Mexico… For $21000.
The BYD Seal U (€19400 in China) is being sold in Germany for €41990.
Imported chinese EVs are still undercutting the European manufacturers, as much they have been lobbying to have increased import fees on the cheaper non EU EVs. The narrative is that they are heavily subsidised to the extend they cannot compete anymore, in so crippling overal in-continent EV development. Resulting in a dependence to the East.
If I am not mistaken such import fee has just passed in Brussel, in order to protect the European market.
In a weird way, humanity has been longing for greener automobile solutions, and now that it’s there, Europe wants to slow it down.
Every single Chinese EV manufacturer wants to go make sales abroad because the price war in China makes profits barely attainable, but government policy and subsidies keep sales within the country.
Well, the trade war is also a factor, but what I’m saying is that Chinese government policy is what’s keeping EV manufacturers from selling abroad. The EV supply chain has gotten so robust and cost-efficient in China that the government has to bribe manufacturers to focus their efforts on the domestic market instead of just eating the cake of everyone else.
Those cost efficiencies are also at the expense of the Chinese government. The massive investment is all part of their green revolution policy package.
It’s why Solar cells are also incredibly cheap to produce in China, and why they’re also mostly sold in China.
The open secret is that China’s EV subsidies are designed to keep sales within the country, because otherwise Chinese EV companies could make obscenely higher margins selling overseas.
The BYD Seagull ($9700 in China) is being sold as the BYD Dolphin Mini in Mexico… For $21000.
The BYD Seal U (€19400 in China) is being sold in Germany for €41990.
Imported chinese EVs are still undercutting the European manufacturers, as much they have been lobbying to have increased import fees on the cheaper non EU EVs. The narrative is that they are heavily subsidised to the extend they cannot compete anymore, in so crippling overal in-continent EV development. Resulting in a dependence to the East.
If I am not mistaken such import fee has just passed in Brussel, in order to protect the European market.
In a weird way, humanity has been longing for greener automobile solutions, and now that it’s there, Europe wants to slow it down.
The US wants to slow it down. Europe is just following orders.
Every single Chinese EV manufacturer wants to go make sales abroad because the price war in China makes profits barely attainable, but government policy and subsidies keep sales within the country.
It’s so fucked dude. This trade war bullshit is keeping me from having an affordable eco friendly whip.
Let. China. Grow.
Well, the trade war is also a factor, but what I’m saying is that Chinese government policy is what’s keeping EV manufacturers from selling abroad. The EV supply chain has gotten so robust and cost-efficient in China that the government has to bribe manufacturers to focus their efforts on the domestic market instead of just eating the cake of everyone else.
Those cost efficiencies are also at the expense of the Chinese government. The massive investment is all part of their green revolution policy package.
It’s why Solar cells are also incredibly cheap to produce in China, and why they’re also mostly sold in China.
Isnt it the norm for imported item to be much more expensive than what they are in their own country? Not just cars, but … everything.