Chinese EV will face difficulty in expansion to Europe and US markets.
The article revealed that Chinese EV (BYD , NIO, Xpeng, Li Auto etc) will face difficulty in expansion to global market like Europe and US. Here are some examples:
1. New cars feature dozens of sensors, complex software systems and semi-autonomous capabilities. Western leaders have only just begun to consider the security implications of fleets of foreign-made, sensor-stuffed cars on their roads. Beijing, by contrast, has imposed strict data localisation rules on Tesla — China is its biggest market outside the US — and banned Tesla’s cars from sensitive locations.
1. New cars feature dozens of sensors, complex software systems and semi-autonomous capabilities. Western leaders have only just begun to consider the security implications of fleets of foreign-made, sensor-stuffed cars on their roads. Beijing, by contrast, has imposed strict data localisation rules on Tesla — China is its biggest market outside the US — and banned Tesla’s cars from sensitive locations.
2. Italy’s recent decision to limit a Chinese shareholder’s influence in Pirelli, a leading tyremaker, signals a change.
3. US imposing major trade barriers such as the Trump-era 27.5 per cent tariff on imports of all Chinese vehicles. Now, Joe Biden’s Inflation Reduction Act provides generous subsidies for EVs that meet local content thresholds, excluding Chinese vehicles. In the face of these tariffs and subsidies, Chinese companies simply can’t compete in the US.
3. US imposing major trade barriers such as the Trump-era 27.5 per cent tariff on imports of all Chinese vehicles. Now, Joe Biden’s Inflation Reduction Act provides generous subsidies for EVs that meet local content thresholds, excluding Chinese vehicles. In the face of these tariffs and subsidies, Chinese companies simply can’t compete in the US.
4. France, however, recently announced environmental rules that, in practice, will ensure EV subsidies only apply to cars made in Europe. Senior French politicians call for dumping investigations — and even tariffs.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Lucid Group(LCID.US$
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OndrejSmekal : Nio is already in EU, dont spread fud.
Gosu8888 OndrejSmekal : Exactly
Riding Star : NIO already to whole world. It take time to expand. Nothing come out overnight. Different countries different system n law. It is not difficult.
ZnWC OP OndrejSmekal : Based on InsideEVs dated 3 July 2023, the overwhelming majority of NIO sales are in China. The company is just expanding its business also in Europe. The information shared above is based on an article. See source.
ZnWC OP Gosu8888 : Based on InsideEVs dated 3 July 2023, the overwhelming majority of NIO sales are in China. The company is just expanding its business also in Europe. The information shared above is based on an article. See source.
Lu Loh : NIO is a very good car
Gosu8888 ZnWC OP : No need to cut and paste. You will be influence and get smoke by each and every article. Articles are always lag behind in stock market.
modest Crow_1687 : Some China car also in USA.
ZnWC OP Riding Star : But it's market share in US and Europe may fall as compared to the local brand like Tesla, VW, Ford, GM etc.
ZnWC OP Gosu8888 : Just to reply to your comment. The article is based on data, not 'smoke'. FUD comment is when there's no source of information. How the stock market react will depend on what investors believe.
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