a road winning offer is available worldwide. every language level. reading gentleman has never been since the the ready to take up. let's do that right now on ran the train, those the electric vehicle industry. so i thought keeping points well it flies or cold. that's under the pressure on one front, domestic manufacturers engaged in brutal price worth of feature bathrooms. where on

the other, they face global threats from steve terrace and substitute you of us a are ready to slam the breaks on chinese tvs, going global. the chinese domestic tv market is not the biggest in the world. yes, only test last b, y, b and b. all adults has been able to make a profit. we have select with the vendors, these rigs. but what's up all the casualty? over 400 the electric vehicle companies have bad and the staggering 90 percent has gone van crossing, just the 60 it only giants like tesla, b, y, d. and we also have managed to turn a profit in this cut so much. this is a battle of survival to see who is the strongest manufacturer. chinese companies have gained a cost advantage through the cutthroat competition in recent years. so only the

strong survive in china. we've done this is basically all easy production supply chains or under chinese control, given china and almost insurmountable advantage that it's nearly impossible for the germans to catch up to no one. what's the chinese government's role in? how the china is the electric vehicle industry getting such a head start? and what does the future hold behind the success of companies like b, y, b? how many husbands left in the task brought to you by dw rep? let's solve into the i'm told stories of china electric vehicles. busy in may 2024, while jermel was still deliberating by the on how to impulse special terrace. i'm chinese made electric vehicles. the united states took the size of step, is decided to raise tigris on chinese make electric vehicles from 25 percent to 100

percent. the folks look, i'm determined that the future of electric vehicles to be made in america for you. you'd work here in the 90s, inside them find out what is yes and the us government's decision to quadruple the punitive tariff. not to 100 percent. is a very, very drastic scan to so far beyond what might be expected. would you say it lets me see cartoon network gave me all with those bar. awesome. i was a bit surprised and i find that disproportionate, the automotive industry is highly mature. over the past 30 to 40 years, we've seen increasing global openness and integration, removing trade barriers and free competition is good for the economy. so i think cutting things off like this is a very negative signal and then you've got to be receiving audits. and so now don't forget that justification for the huge tire of inc. chris, is that the chinese government has been heavily subsidizing its industries,

particularly the steel solar and the sectors leading to a massive over capacity. we have this not tradition. of course, we already know that china is over capacity in the sector is a global issue about setting punitive tariff at 100 percent is very, very severe. and this is certainly because president joe biden, that's currently in campaign mode when you didn't to binds this moment time and by comes to send it. well, a 100 percent terrace sounds huge, meaning the price of newton port, a chinese e v in the u. s. doubles for the chinese industry and global ege rate is not a significant issue. there's other things of notice on the affects, the $12000.00 davies that were exported from china to the us last year was, which is really a negligible proportion of chinese export isn't giving. i'm time funding. she needs

as an export and politic tacos, and in comparison, try like portraits over 5000000 vehicles globally in 2023. the economic impact of selling chow sells and fewer eaves in the us is minimal. type is another. you put them, it doesn't change much economics, it's more of a political statement. of course, there's also a domestic political dimension, especially in an election year. i was just, and it's also a statement against the mass of the subsidies in certain industries in china, in recent years. it's and you have mentioned subsidies several times now before delving deeper into the subject. let's see how europe is dealing with these issues portrayed to be fair, access to each other smart. it also needs to be reciprocity. and we discussed how to make real progress on market access. i remain confident that more progress can be achieved. at the same time, we stand ready to make for use of our trade defense instruments. if this is

necessary, european commission president was off on the line, made his statement after meeting she's in pain. in may 2024. the traits defense instruments she referred to include imposing terrorist on chinese eves. similar to the us approach, confirmed facts include the use announcement in october 2023 of a formal investigation into subsidies for chinese made ease. say it had sufficient evidence. it came shortly after numerous electric chinese vehicles were showcased at the munich international. more to show em let's. yeah. tina i just conference me on last year and china exported 1500000 eaves of which 500000 went to the you and the only 12000 to the us as high as the will have the highest means to you has a much larger influence on both the u. k. more responsibly and broadly discuss

these issues with the badging of immense line. and it seems so ins in china is likely greater than that of the us due to the minimal number of the v is exported to the us even know, so we need to edit cool thoughts not to go to the like the us to use mean criticism i'll try and those e v in the street revolves around subsidies, particularly focusing on over capacity. the quote of doctors ations is that by providing massive subsidies to key industries including the bees, the chinese government has created significant over capacity. but as our as to, to yours have pointed out in previous episodes, europe and the us have also provided substantial subsidies to industry. it's like

a b y then is just so much focused on criticizing the chinese government for its subsidies. to answer this, we need to understand the extent of page things, subsidies. these are the 2019 statistics for industrial with subsidies provided by the chinese government. are compared to t o e c d countries. trying us about the sweet times that of the 2nd place in the united states, nearly 10 times that of japan. as more than 15 times that of germany. a significant portion of chinese subsidies spend to the sector china, a long shot pilot project to support the development of eaves as early as 2009. though the subsidies have been decreasing in recent years. china has made this a national goal and pursued a good industrial policy to those people to take them off. the chinese government's

approach was to gradually encourage enterprises to enter the new energy vehicle sector while supporting the development of production of battery technology and related role materials. this gradually established a comprehensive e b industry chance in china, just being honest, mitch soto bowman on the new own, what months my off the investment, of course, this was all backed by government subsidies and encouragements, and sometimes direct investments from government supported funds on this is go to industrial policy and wild chinese companies obviously benefited greatly. far, and companies like tesla also profited from this policy. what do you think of it too? that was done, your kitchen? postpone eating company? bite. ultimate be failed due to a broken funding trans. never to less buy's and also received subsidies from the chinese government. if you have time advise that,

we also had some government capital, but it didn't help us at that stage. that's not so it's not that the government unconditionally intervenes in the market. you don't do competition still exist, are marked as some of that. it's not all that to that. i'm not understanding the full all of subsidies provided by the chinese government to the sector is no easy task. how i work from this chart of approved new energy vehicle purchase subsidies. we can get a glimpse of just how much money is involved on here are the top 10 companies that we saved these subsidies leaving the pack a, b, y, b and the gag group which received massive direct government assistance from 2018 to 2022, particularly in 2022. this direct subsidy to local companies,

rather than following ones, is a major point of criticism from europe and the u. s. as it impacts fair competition in the international market and leads to a significant over capacity. gina, have shown china has had over capacity for decades due to it system type, which is not a free market economy, but state controlled on the windows. the data provincial governments decide to build a factory. it often isn't based on market criteria, but rather is simply executed shelters leading to this of and capacity to shop move . the shop needs a couple of complex c, t. local governments across china as provinces have greatly contribution to the overall capacity port. are you more than china? nearly every province post numerous and national level, t industrial parks or development zones. the perverse planning on the even advertising slogans and promotional reviews of these areas. a very similar to

ensure economic growth and maintain the political standing. local governments have heavily subsidized the local manufacturing and high tech industries from economic perspective, subsidies div toward market and lead to welfare loses for society as a whole. however, europe and the us have also been active in providing subsidies. but it comes to the a criticism of chinese subsidies. i believe this is a pretext to the chinese government has massively supported the center. but this is no different from good industrial policies in europe or the us. think about air bus in europe. and it's on think about that it could have become a market competitor without substantial subsidies and industrial policies support pointed to go. however, some of you that chinese government subsidies differ significantly from those in

europe and the us national china indeed operates differently. as i mentioned earlier, every provincial government heavily subsidized as local manufacturing. i mean, in this context, they naturally heavily support local companies before to lindsey, not to this to high mission and beat musky. the chinese government's actions have multi if i said it impacts on the global economy, talk me to his mind a mind always on kind of this issue can also be viewed from this perspective. a chinese government is wasting money by pre selecting industries to support creating huge capacities in those fields which makes these products uh, very, very cheap and then lots easy templates he did in the south. indeed, that's what students to seize or prove to comes comes to instagram, simmers world wide benefit from this, such as with cheap solar cells and tv is uh, the altos. what frustrates me about this discussion, industrial policy is essential and germany cannot afford

a weakening auto industry ultimately. but what about the climate today? it's been completely forgotten. we've set the goal to become carbon neutral to the regarding global emissions in fine because we're at the last minute must go buy a new. we need to bring affordable eaves to the market as quickly as possible to help achieve this goal. to get all this and in my thinking, there are plenty of affordable use in this findings. market is the rapid expansion of the continuous price cuts by companies like the why, the ged, i'm sheri china, the market has become the most competitive in the world to come from. this is a battle of survival to see who is the strongest manufacturer and this chinese companies have gained a cost advantage through cut throat competition in recent years. and so only the strongest survive in china stacks, new volume opens, you know, in raising here. the chinese government has significantly refused subsidies for the

industry that market forces the site, the face of the company. among the b y b stands out as a clear, been having become the board largest e v maker by sales in 2023. what is the secret behind the success of trying these ag market leaders like the white jesus conceiving economies of scale and profitability? have been the fundamental principles of the automotive industry for a 100 years, b, y for example, b y, d initially wasn't part of the traditional automotive industry, but was a battery manufacturer that they quickly realized that in the sector the battery is the core components leading them to focus on a completely different technological pat. this is done is called you know, what's their b y d is number one simply because they started focusing on this issue early on a success factor. similar to tesla is the vertical integration of the battery from

the start they relied on having their own batteries, which is a major cost factor to cost and talk to us. now let's look at those who have fallen in the chinese e v market. this please stand up and pay your respects to this one's a business players who didn't make it the you saw just some of the manufacturers that have recently been wiped out except for b, y, d and we all little, oh, you makers are losing money on i we caught sold. this includes well regarded brands like neil ix paying. i cho on show me. currently they are 0100 new energy vehicle companies in china with almost every pr visits and seats,

and having its own ultimate goal not despite the large size of the chinese market, having over a 100 e v manufacturers is obviously too many one for these winds even the central government says only about attempt as many are needed. a selection process is happening now and some provincial governments will continue to try to support their local manufacturers waiting after that to, to, to hire a machine not and is the chinese market is crazily competitive, small businesses? oh, i believe every major transformation requires multiple players to participate and unfortunately some will disappear like my own company by tim, did you not much my mind? i mean by crush it and other industry insiders tell us that the many reasons so many companies file is that big, grossly under estimated the cost of common the factory. there is

a consensus in the industry that we've dealt at least $2000000000.00 is thought up capital. it's not even for us talking about rating an ab, brad company still surviving the chinese smockey, which includes trying this like b, y, d, g, d, a chevy. which has achieved economies of scale as well as new payers, like neil explained on service to that the you and the, the brands backed by traditional automakers. blackstone, full size on the competition is already tough with makers under intense pressure pressure on the list. agree with the central government assessment, that's a much smaller number of companies will support this is should be on. sometimes it's hard to say who will survive some say only 5 to 10 companies or remain, but i don't believe that china,

it was just too large. and every provincial government has its own company. big, i think 20 to 30 companies were over man. i saw the dice and we'll continue the next 5 years. we'll see even more intense competition. but i believe any vegas on you might have to be by 2030. we'll see these have a global market penetration of over 50 percent. so if half of the board call market will soon be electric, how much all that will be chinese. it's a china beckett's to reach over one meeting, car exports. however, it's only 2 call a year to go from by media to, to media. another year to a surprise, us 3 media in 2020. so we try not exported over 5 medium vehicles becoming the boards largest con, explore to install the new stuff to the screen. i don't think this growth will

continue as entire regions will start sealing off their markets. currently only the europe ends having done so, but they probably will soon. nissan ultima, what we're seeing is essentially marketing closing docs and chinese automakers will also be affected. and also, as they won't be able to continue marketing their cars globally, you know, to statewide the market print a closer look at the top 10 destinations for trying these con, exports in 2023 suggests that the threats of significant tire of inquiries is in the us and your old one stop chinese cars from finding buyers are running toward the u. s. ranks for teens and germany ranks sixteen's among the export destinations . in contrast, for germany try those car market remains crucial. the detroit, the ext,

dental german manufacturer and skill set like a huge portion of their cars in china. so europe suddenly says we will close our doors. the chinese manufacturers, china could easily say we will close our doors to german manufacturers, which could be a disaster for the german economy, and economy will have the door to the bookshop. try these makers need to be able to compete in the market where buyers demand the latest technology on features. but that's not the own advantage over established german brands. as it is a company, not this combination of technological development and hardware and software, along with the subsidies and the fact that basically all the production supply chains are under chinese control, gift china and almost insurmountable advantage. that's nearly impossible, before the germans to catch up 2 directions passed. no one. this a battle has only just begun on the list like fedex. we believe that the u. s. is

currently protecting its domestic industry by copying china's own strategies as an issue designed in opium lots. now i would say that europeans have no choice but to follow the path already taken by the chinese hands. now the americans, thank you. all my name is english. they must now engage in industrial policy, define key technology is more and see where they may already be vulnerable and go from excess fund to one is it's by assume like a brutal survival battle. but the words twice, organization has long set rules for stocks, disputes, unfortunately, almost no major power is willing to follow them. now, the more to nothing, honor code, multi lateral coordination and world trade has become very, very fragile lenses are me if i may say so he took the w t. o has been stagnant for years, is and this comes at the expense of everyone's welfare. i know it,

donald is whether in china, the us or europe. we all benefit from this rule based global trade winds and leave your budget of 800. once tariffs are set, this high, it becomes challenging, also exists and such as most really the this is the world's largest model railway with new things comes to me being it is got ads as the vision of recreating the monocle ground pre with really little formula. one cars are missing and i can find these are, you can't. and so any tank into these tiny cars, it's impossible. some 1200 trains slipped through germany, europe, and the world. all of this is down to a childhood dream of these twins. and they've just opened up a brand new area. the display has 16 and

a half kilometers. subtract the are also around 300065000 buildings. and some 500000. that'll be de lamps that lies up at nights, which comes every 15000000 to a wonderland house and old warehouses of hendrix, poor and old again in 2001. since then, the founders have constantly expand, unlocks the miniature was today, the attraction is around 5 times with the original size. they had it for that exact measurements of the idea of march held to the impulse towards fleet, which we always had. we played so much as children to me, and i really hope that for many people we can we a week and that instinct for playfulness. the principality of monica, and francis provides a now ac pots with minute 2 of on demand as always,

in 187 scale. in addition to the, from the hub of the formula, one circuit is also taught at the cityscape. yeah, i'm, i'm good. we have a big team that loves to laugh, that's very creative as that goes to the world with their eyes wide open, or dest. federal fits with monica nickel menu to bundle, and has 14 different wilts and fame areas. one of the most popular is to stick to the city. that stuff is equally fascinating kind of thing and deal with 45 different airplanes land and take on this one country. in particular, that seems the specially popular diminishes with century produces real chocolate at the prism about escape through any issue of window lines. there are hundreds of districts where the person who built something has an some. we brought their own self expression into it and i was looking recently and you can spot some heater in there. and you shall find whether it's pretty long starting at home and

deliberately kuta levels and vince wherever you looks when it's live on the line is full surprises. the more automotive tales. next time on read the

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[000:00:00;00] the this is the, the, the news that live from the and then the summer on piece in ukraine has closed with 80 countries supporting the final back to the ration. the community k. uh, just the territorial integrity of new crates and the return of abducted children and political prisoners the some major on the line states that chose not to support the statements. also on the program, the chaos explains on the sidelines of gym and celebrations that are on the euro. 2020 for football tournaments,