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trying those electric vehicle industry. so i thought taping point, well it flies or correlates under the pressure on one front. domestic manufacturers are engaged in multiple prize worth of feature bathrooms. where on the other, they face global threats from steve terrace and the subsidy. you as you as a, are ready to slam the brakes on chinese tvs going global. the chinese domestic market is not the biggest in the world. yes, only test last b y, d and b all adults has been able to make a profit. we have so left with the vendors, these rates, but what's up all the cash with over $400.00. the electric vehicle companies have bad and the staggering 90 percent has gone van crossing, just the 60 it's only giants like tesla, b, y, b and we also have managed to turn a profit in this cuts so much to uncomfortable. this is

a battle of survival and to see who is the strongest manufacturer. chinese companies have gained a cost advantage through cut throat competition in recent years, so only the strongest survive in china. we've done. this is basically all easy production supply chains are under chinese control, giving 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 is the electric vehicle industry getting such a head start as what does the future hold behind the success of companies like b, y, d? how many have been left in the task brought to you by the deputy red light. so into the i'm told stories of china electric vehicles industry. busy in may 2024. while general. what's the steel? deliberating by the on how to impose a special terrace?

i'm trying these made electric vehicles. the united states took the size of step. if decided to raise the tigris. i'm trying. he's made electric vehicles from 25 percent to 100 percent folks. look, i'm determined that the future electric vehicles to be made in america by you and you'd work period. now do you then find them? find out what is yes and the us government's decision to quite drupal, the punitive tariff, not to 100 percent. is a very, very drastic stand up to so far beyond what might be expected. would you say it lets me see cartoon network get me all with us bar. awesome, i was a bit surprised and i find it 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, so don't forget the 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 is currently in campaign mode. when you didn't to binds this moment, time in by comes to send it. 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, which is really a negligible proportion of chinese is that the export isn't giving out. i'm tired of funding. she needs as an export and politic tonsils in comparison, try like sports. it's over 5000000 vehicles globally in 2023. the economic impact of selling child cells and fewer eaves in the us 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 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 and i remain confident that more progress can be achieved. at the same time, we stand ready to make for use of our trade, the 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. saying 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 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 discussed these issues with the badging governments want and it seems so ins in china is likely greater than that of the us due to the minimal number of eaves exported to the us home. even know, so we need to edit cool thoughts not to explain to the like the us to use mean criticism. i'll try 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, thoughts as our as to, to yours have pointed out in previous episodes, europe and the u. s. have also provided substantial subsidies to industries like e b y even is just so much focused on criticizing the chinese government for its subsidies. to answer this, we need to understand the extent of aging subsidies a diesel as of 2019 statistics for industrial subsidies provided by the chinese government compared to key o e c. d countries. trying those about street times. that of the 2nd place, the united states, nearly 10 times that of japan as more than 15 times instead 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 their time. his government's approach was to gradually incorrect enterprises to enter the new energy vehicle sector. well, supporting the development of production of battery technology. just related to roll materials. this gradually established a comprehensive tv industry chance in china, just being honest, mitch soto lumen on the, the new over months. my of the big investment. of course, this was all backed by government subsidies and encouragements, and sometimes direct investments from government supported funds on this as good industrial policy. and wild chinese companies obviously benefited greatly, far and companies like tesla also profited from this policy policy 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 tight advised. 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 do competition still exists in boxes . so no, it's not of the developed on all these 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 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 to not 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. shop needs a couple of complex c t company fuel surviving into tiny, small kitchen included to try and select 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 governments assessment, that's a much smaller number of companies will so far. so if half of the board call market will soon be electric. how much of that will be chinese? it'll china beckett's to reach over one meeting car exports. however, it only took a year to go from median to, to meetings another year, to a surprise, 3 meetings in 2020. so we try not exploded 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 europeans haven't done so, but they probably will soon. 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, you know, to statewide the market print a closer look at the top 10 destinations for trying these cars 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 or in contrast for germany try those car markets remains crucial. dom uh, detroit,

dental german manufacturer of 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 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, gifts, china and almost insurmountable advantage. that's nearly impossible before the germans to catch up 2 directions. talk no one. what do you think? on what basis philadelphia which are global trades be built?

well, try these eves, dominate the global market one day. here i dw, with aim to provide you with unbiased information for 4 months. so share your thoughts in the comments below the if we humans work with a rather then it gives nature, we can help us selves our environment and our fellow creatures. welcome to eco africa. i'm chris allows illegals nigeria. well, every living creature has a role to play in each ecosystem. and sometimes they can do even more than we actually realize on the switch show will be looking at the many sizes that nature.