When Titans Clash
10:18 Min
When Titans Clash
Will the world give up European cars for Made-In-China electric vehicles?
08 Apr 2024 09:47pm
China emerged as one of the world’s top car exporters in 2023, powered by its massive push for electric vehicles. Buoyed by years of heavy government investments, subsidies, and manufacturing rebates, Chinese automakers have flooded overseas markets as global EV demand continues to rise. In Q4 2023, China’s BYD even outsold Tesla in sales volume for the first time.
Amid the advent of Chinese brands like NIO and Xpeng, the European Union launched an anti-subsidy investigation into China’s EV trade practices in late 2023. The move prompted swift retaliation from China, sparking concerns about a trade war.
About the Show
As the West and Japan pursues a policy of de-risking from China, China’s economy loses billions in foreign investments.
Are we witnessing the end of made-in-China? Or is this the beginning of profound shifts in China towards green tech, high tech, and a more service-oriented economy?
As friend shoring trends continue, what developments are there in India, Mexico and Indonesia? What is the new form of globalization that is emerging?
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