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.
00:00 China’s growing dominance in EVs
01:30 Chinese EV quality sees rapid growth and demand
03:40 BYD’s global presence in the clean tech sector
04:28 China government support for automakers
06:55 Pushback from the European Union
08:55 A potential China-Europe trade war?
WATCH MORE When Titans Clash
Part 1: China vs The West: Does Trade War Spell End To Made-In-China Goods? | When Titans Clash 3 - Part 1/2
https://www.youtube.com/watch?v=M1IRnotpiU4
Part 2: New Economic World Order? Industrial Policies & De-Risking From China | When Titans Clash 3 - Part 2
https://www.youtube.com/watch?v=SJsL3db8NBI&t=0s
Have feedback or an idea for a story? Email [email protected]
============
About the show: As de-risking deepens, China’s economy loses billions in investments. Is this the end of made-in-China, and the rise of new manufacturing powerhouses like India and Mexico? What is the new form of globalisation that is emerging?
============
#CNAInsider #WhenTitansClashCNA #China #Trade #Economy #Autos #Manufacturing #GreenTech #CleanTech
For more, SUBSCRIBE to CNA INSIDER!
https://cna.asia/insideryoutubesub
Follow CNA INSIDER on:
Instagram: https://www.instagram.com/cnainsider/
Facebook: https://www.facebook.com/cnainsider/
Website: https://cna.asia/cnainsider