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tv   Business - News  Deutsche Welle  April 21, 2023 8:15am-8:30am CEST

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rightful place is in need of a possible accession. we'll be a primary topic at the upcoming natal summit in july. your fierce opposition is expected from the kremlin kremlin spokesmen dmitri pest golf phase national membership for ukraine route for a serious threat to russia and security. but russia's attack, the ukraine, remain a powerful force driving ukraine and nato together. here up to day. thanks for watching. ah, guardians of truth, my name is john dinner and i have paid almost every price of being a journalist in a country like turkey. taking all the powers that be they risk everything john dunbar asked activists,
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journalists and politicians living in exile is too much on my shoulders. but i have to hold this way because i'm responsible for the future of our country, for the people who are behind the bus they leave for their mission. people need to know what is happening there in our series guardians, of truth watch know on youtube, d. w documentary ah, accelerating towards electric future will take you to the shanghai auto show where the world's biggest brands are vying to showcase their electric pro s. as china leads, the way we ask our german car makers stuck in the slow lane. also coming up as india buys up huge quantities of cheap russian oil and free trade deal
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between the 2 countries. edges closer. our correspondent in delhi has the latest. this is the only business i'm kate ferguson. thanks for joining me. the shanghai order show has kicked off and it's electric vehicles that are grabbing the spotlight following years of state investment, china is leading the way in electric mobility with domestic brands, pacing competitors, including german, bam, off like folk fog b, m w. i report, you're probably in touch my is there. he sent us this report. this whole showing of electric cars is crowded with visitors. the majority of cars sold in shanghai are now electric, and that's reflected in the cities motor show. we have the author, shanghai, we're both traditional, common, picturesque, as well as new brands of presenting the latest model to the public. most of them being electric cars in the sector in china already by far, the largest in the world. and it is transforming the whole kind of through here, chinese domestic companies and out selling the international rival. for years,
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the chinese government has been investing billions of dollars to help its domestic industry grow. the biggest winner so far has been changing bass b, y, d, a former battery producer, turned car maker with competitive pricing due to an integrated supply chain. it's cars are now the 1st choice for chinese customers and their flash design helps to china's cardia. zine has experienced very big progress in the past 10 years. now. chinese brains own par with foreign brands. in the 1st quarter of 2023, b y d even overtook previous market leader folks fagen, which held the pole position for roughly 3 decades in china. and while the germans are still making profits selling combustion engine cars, they merely hold a 2.7 percent market share in the booming e v segment. to catch up v w. now, once again, promising to double down on the chinese market, it's spending
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a 1000000000 euros on a new innovation center there of it's just now it's all about increasing the speed of the carson for payment system and improve the user experience. you can only do that in china for china. you can no longer develop that in europe and bring it here. it doesn't work. the competition that faces is fears. one of the w's main rivals is neo founded less than 10 years ago. the shanghai based company is presenting itself as a hip start up attracting customers with an active user community and comprehensive service. that's a concept with which neo, now wants to enter the european market to, despite the geopolitical tensions between china and the west. think i was asked for the international political situation. this is what companies need to face, woman, but from our point of view, we will pay attention to this matter. but we do not worry too much about it. all
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right? we decided that we will focus on our own products and services, and of course we will abide by every countries policies for you. but for all its success as neo, like most chinese evie makers has yet to achieve profitability. now china success an electric mobility does of course have a lot to do with the availability of state subsidies over in the united states. president l biden is also keen to promote greener mobility is $430000000000.00 inflation reduction act includes general subsidies for companies that produce electric vehicles and batteries on u. f file. here's our washington correspondent carolyn at chin. i describing how much of a look at the policy is proposed proving for international companies. this is why more and more car producers are considering shifting their production and or their assembly procedure to the united states. like for example,
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kia from south korea or salenti from the netherlands, but also already with volkswagen. might consider relocation from their protection plans to the united states to benefit from i r a policies. so foreign companies are certainly showing big interest in those subsidies. but how easy is it to access them? well, 1st of all, they have to fulfill 2 big criteria. the final assembly of cars must take place in north america, and at least 50 percent of the battery components must be made there too. now when it comes to german car makers, b, m, w, mercedes and forks, fog all already have production fights in the us. but b and w batteries don't meet the requirements and mercedes is cars are too expensive to be eligible for tax credits, folks. but with the electric s u v, the id for which is manufactured in chattanooga it does qualify.
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now let's talk more about the state of the race towards electric mobility with auto industry analyst payoff, vendor. pay to us lovely to have you. there you are. thank you very much for having me. did i've heard the argument being made that the like the fog fog and b m w and mercedes are resting on their laurels a little bit because they're still making a whole lot of money out of the combustion engine. is there substance law criticism? oh, right, no. the judge stant, generally speaking of the automotive industry or they were usually successful over the past 100 years miss the internal combustion engine. right. and this success and now turns a little bit into a curse because you have that you do, you could, you tend to continue to do the stuff you are great. and now as the internal combustion engine has ruled the, the 3rd, the world for a century. now something newer, something better, way more efficient is coming up, and also we should not than the auto industry has, knows this and under has understood this. but we also should see,
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are there the challenges that additional auto industry has in going all electric? because it requires a lot of investment and unlike our new start ups, right, where are who, who, who berg grant at the grace period, right? to be profitable or the traditional auto industry. they need to continue deliver great profits and results. and for them, it is a little bit like fixing a car while it is speeding on the highway. that's an excellent analogy. and they to another big issue is of course, the access to raw materials and in this area, chinese carmakers really have the advantage don't they? i think it deserves a little bit of a for alpha balanced few. and that if they look on to an electric motors, for example, you have heard about rare earth, right? where china has a dominant position in the bold market. that is just one part of the story. but the, you can navigate the round them by choosing specific construction methods for an electric motor. if you look at battery than one content, well this is
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a chinese plate because the largest, the largest suppliers are chinese. but if you look at the venue chain for batteries, that picture is a little bit differentiated because the raw materials, while they are coming from countries like australia, canada jelly and so on, right? but what china has is a large part of the refinery of the production chain. and this is for a c, or c, a position. what are the countries, america, u. s. or other continents need to need to manage and the need to need to put on the plan how to deal with this situation. all right, pitiful, thank you very much. russia and india are in advanced talks to sign a free trade deal as commercial dealings flor following russia's war in ukraine. india's imports from russia almost quadruple to $46000000000.00 over the last year to largely to a big jump in oil purchases. according to the reuters news agency, the deer would enable russia to import more than $500.00 products from india,
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including cars, aircraft, and train all key to maintaining rushes war efforts. boosting trade with asian countries like india and china is a key part of math skills. trashy to cushion the blow of western sanctions. to find out more by this. let's bring in detail the corresponding child cart k in delhi. taro is this all just about cheap oil when it is definitely the biggest piece of that picture. but then the thing is, what the thing is that talks for a free trade agreement had been going on between india and not just russia, but the, you region, economic union for a long time. in fact, what i'm saying is that these talks had been going on since before the ukraine was even before the pandemic. and these talks were sort of interrupted by the pend demik. and so what you had said is that it would light, these talks will be resumed. now both countries had a bilateral trade target of about $30000000000.00 by 2025. and what they are saying
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is that they have met this target and exceeded this target rather much before time . but what it has resulted in is a trade and balance, which is not any deals favor and india would want that to be correct. so that's what the concern is at this point time. kate. ok, so this has been a long time in the making. but we also talked recently about how india wants to wrap. sorry, ramp up in military exports. is it, i'm russia off as a marcus. well, of course, there's a long list of products that india is interested in talking about for a spot is increasing, it's exposed to russia is concerned defense really doesn't figure on, on the top of that list. i mean, what in the foreign minister said is that there are various products and services that russia would be looking at. these include automobiles and spare parts, electronic goods, medical devices, or even solar photovoltaic models, textiles, food and agricultural products. so these are the kind of products or the areas
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where india would want in the russian cooperation to, to, to expand and india to benefit and the trade in balance to be corrected. kate. now the timing of this is quite interesting to india is also talking to the u. k. about a free trade agreement. it's decision to cozy up to moscow will not go down well in london. does india care? well kate, i mean it's definitely it's, it's a tricky matter for india, but, you know, we have seen into, has been doing this tightrope walk ever since the ukraine war began the western countries including the u. k. we know they have not been happy within the us dance and all these countries, including the u. k, we have conveyed on several occasions that they are not happy. but then in those appears to be pretty confident in the, in its assumption that given the fact that none of the western countries have not sort of penalized in the are not taking any extreme action against india. so india perhaps is confident that a,
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when it goes on intensifying its trade relationship with russia, it's relationship with the western countries will also not be jeopardized because they probably understand the various forces at play and. and then that could be behind the timing of the smooth kid rice, cherry kite k in delhi. thank you very much. and a reminder of our top story. the shang i also show has kicked off on its electric vehicles that are grabbing the spotlight following years of state investment. china is leading the way in electric mobility with domestic grounds, pacing competitors, including germany's and the end of the year. and that brought up our show for more you can always log on to t, w dot com slash business on the w news youtube channel to check us out there from the an entire business team here in berlin. if the buy ah
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into the conflict with sebastian for 15 weeks, israel has been in crisis, the math 7th grade. she was triggered by visual reforms, the professor showing no signs of giving up how much damage isn't doing to israel, the home and abroad. my guest is the american lawyer allen does. with that you often labeled israel, lead attorney in the court of public opinion, conflicts on next. on d, w to the point in strong opinion, clear positions, international perspectives, top secret documents leaked online have provided detailed accounts and some of ukraine's military capabilities and are rare wind up in 60 minutes. on d w who hold. we've got some hot tips for your bucket list, a magic corner,
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check hot spot for food and some great cultural memorials to boot w travel. we go for 15 weeks, israel has been in crisis. the mass demonstrations triggered by government judicial reforms, the protest, those showing no signs of giving up prime minister benjamin netanyahu paused the overhaul last month offering no compromises. but will he? my guest is the american lawyer and former harvard law professor allan dutch wits often labelled israel's lead attorney in the court of public opinion. he talks directly to the israeli prime minister. you want balance. she used the word balance for times with me. he's willing to accept compromise.

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