that you can always visit our website, which is d, w dot com, please do follow us to on social media as the w d. so i'm tired, rating and building. thank you for watching. taking the the in charlotte the currently move people the on the world wide and such a book based on life science, latasha committed to actually find out about robina story info, migraines. the china is the electric vehicle industry. so i thought taping point. well,

it's right or called left under the pressure on bunch front domestic manufacturers are engaged in brutal price worth of feature bedrooms. where on the other, they face global threats from steve terrace and the subsidy. you as usa, are ready to slabs of breaks on chinese tvs, going global. the chinese domestic 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 selected with the vendors, these rates. but what's up all the cash with over 400. the electric vehicle companies have that and the staggering 90 percent have gone bank crossing, just the 60 it only giants like tesla b y b. and we also have managed to turn a profit in this cup from my company. this is about of, of survival to see who is the strongest manufacturer. some chinese companies have

gained a cost advantage through cut throat competition in recent years. so only the strong survive in china we've done this is basically all easy production supply chains are under chinese control, given china and almost insurmountable advantage. that's nearly impossible for the germans to catch up to no one. what's the chinese government's role in? how the china c 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 have been left in the task brought to you by the double red light? so into the i'm told stories of china electric vehicles in the district. busy in may 2024. while jerome was still deliberating by the unhealthy impulse of special terris, i'm trying these made electric vehicles. the united states took the size of step.

it is decided to raise the tigris. i'm trying. he's made the electric vehicles from 25 percent to 100 percent folks. look, i'm determined that the future of electric vehicles to be made in america for you and you'd work period. now do you then find 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 stand up to some good far beyond what might be expected. would you say it lets me see cartoon network give me all with those bar. awesome, i was a bit surprised and i find a 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 using audits and so no. so don't

forget that justification for the huge tire of inc. chris, is that the chinese government has been heavily subsidizing it's industry, 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 in by comes to send that well, a 100 percent terrace sounds huge, meaning the price of the imposter. chinese e. v in the u. s. doubles for the chinese industry and global each 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 and you'd be export isn't giving out. i'm tired of funding. she needs as an export and politic tonsils and comparisons, try like sports. it's over 5000000 vehicles globally in 2023. the economic impact of selling charles sells and fewer eaves in the u. s. is minimal. type is another. you can almost 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 and it's also a statement against the mass of the subsidies in certain industries in china, in recent years. it's and you to it, we have made some subsidies several times now, before delving deeper into the subject. let's see how europe is dealing with these issues portrayed to be fear, the 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 to defense instruments. if this is necessary, european commission president was it off on the line, made his statement after meeting she's emptying 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 and conference me on last year. and china exported 1500000 lives 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 government as well. and it seems so it's in china is likely greater than that of the us due to the minimal number of the v is exported to the us. um, even knows that we need to edit cool tod sorted or not to explore people. so the like the us, the us main criticism i'll try and those e v industry revolves around subsidies, particularly focusing on over capacity is the core 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 provide its substantial subsidies to industries like a b y even is just so much focus 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 subsidies provided by the chinese government. compared to p o e c d countries. china is about 3 times that of the 2nd place. the united states nearly 10 times that of japan. as more that 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, my china is made this

a national goal and pursued a good industrial policy. i pointed to the time his government's approach was to gradually enquire rich enterprises to enter the new energy vehicle sector, both supporting the development and production of battery technology and related role materials. this gradually established a comprehensive e b industry. chad in china, just being honest. mitch soto lumen on the new old 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 policy over to that was done nutrition, postpone eating company fights and ultimately failed due to

a broken funding trend never to less buy's and also received subsidies from the chinese government it'd be kind of nice. 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. competition still exist boxes so no, it's not the most and it is understanding the full scope 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. and here are the top 10 companies that received these subsidies leading 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, how soon china has had over capacity for decades due to with the system type, which is not a free market economy, but state controlled. and then when the state of provincial governments decide to build a factory, it often isn't based on market criteria, but rather simply executing, consulting leading to this of a capacity or something on the shopping is a couple of the complex c t company fuel surviving in the chinese small kitchen include chinese like b, y, d, gd, chevy, which has achieved economies of scale as well as new payers like neil expanding 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 so far. so half of the board call market will soon be electric. how much all that will be, try and it's it's a china beckett's to reach over one medium car exports. however, it's only to go a year to go from median to, to medium another year to a surprise, 3 median in 2020. so we try not exported over 5 medium vehicles, becoming the board's largest cost exposure 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 europeans haven't done so,

but they probably will. soon as that's 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, by the big fights for market print, a closer look at the top 10 destinations for trying these cars exports in 2023 suggests that the threats of significance 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 markets remains crucial. the detroit, the extent of german manufacture and skill set like

a huge portion of their cars in china. so europe suddenly says we will close our doors to chinese manufacturers. china could easily say we will close our doors to german manufacturers, which could be a disaster for the german economy. then it comes to the door to the web shop. try these makers need to be able to compete in the market where buyers demand the latest technology and 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, gifts, china and almost insurmountable advantage. that's nearly impossible, before the germans to catch up to watch and no one. what do you think? on what basis? philadelphia, what's real global trades be built? well, try these eves dominate the global market one day. here. i dw with them to provide

you with unbiased information for, for you months. so share your thoughts in the comments below the culture of the british political class and media don't seem to want to touch the issue. breakfast, the elephant in the room ahead of the you case, upcoming elections. so what, thank you for it. what is the state of britain more than 4 years after leaving the u. haul, suggest the british are fed up with prime minister wishes to now and has conservative tories 14 years and power fixing the cost of living crisis and health care with the n h. s. our top priorities for voters. and what about for exit campaigners promise to reduce migration the labor parties candidate.