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Europa more aligned with China? I don't think so. They are very much opposed to evs from China. Thinking about added import taxes to reduce the massive import o

Europa more aligned with China? I don't think so. They are very much opposed to evs from China. Thinking about added import taxes to reduce the massive import of Chinese cars. Europe is also on old school oil continent in decline.

csomar 3y ago
> Europe’s ==incentives== are more aligned with China’s.
aurareturn 3y ago
Mercedes sells more cars in China than all of Europe. China is Audi’s biggest market. China is BMW’s biggest market outside of Germany. So if Europe decides to prevent Chinese EVs from coming into the market, China would do the same for European cars. This is why Chinese EVs are prioritizing Europe over US as a market. Plus the aforementioned fact that Europe wants to move off oil faster than US wants to.
- seanmcdirmid 3y ago
  Those are all JVs, Tesla is the only foreign auto company in China that isn’t part of a 51-49 JV. Europe would probably require china to reciprocate if they wanted to start exporting cars made in China into Europe (since China didn’t import many cars made in Europe in the first place).
  - wenyuanyu 3y ago
    Future automotive joint ventures (JVs) in China will cease following the completion of existing contract term. China is lifting all foreign investment restrictions in all its manufacturing sector this year[0][1]. [0] https://www.jdsupra.com/legalnews/china-to-remove-all-restrictions-on-7221095 https://www.jdsupra.com/legalnews/china-to-remove-all-restri... [1] https://www.scmp.com/economy/china-economy/article/3254259/chinas-two-sessions-2024-did-premiers-speech-move-needle-foreign-private-business https://www.scmp.com/economy/china-economy/article/3254259/c...
    - seanmcdirmid 3y ago
      Not sure why you were downvoted, but that's great. The JV structure no longer benefits china, However, China should still expect blowback from having their economy protected for so long.
- holoduke 3y ago
  Yes for Germany its a bit of a difficult situation, but Europe is itself is actually looking into adding more tax to Chinese evs. https://www.reuters.com/business/autos-transportation/eu-set-allow-possible-retroactive-tariffs-chinese-evs-2024-03-05/ https://www.reuters.com/business/autos-transportation/eu-set... The whole Europese car industry is in a bad shape today. And it successfully lobbied an extension of allowable ice cars. They might be more inclined to promote evs, but certainly not on the level of China. Us and Europe are much more alike.

csomar 3y ago

> Europe’s ==incentives== are more aligned with China’s.

aurareturn 3y ago

Mercedes sells more cars in China than all of Europe. China is Audi’s biggest market. China is BMW’s biggest market outside of Germany. So if Europe decides to prevent Chinese EVs from coming into the market, China would do the same for European cars. This is why Chinese EVs are prioritizing Europe over US as a market. Plus the aforementioned fact that Europe wants to move off oil faster than US wants to.

seanmcdirmid 3y ago
Those are all JVs, Tesla is the only foreign auto company in China that isn’t part of a 51-49 JV. Europe would probably require china to reciprocate if they wanted to start exporting cars made in China into Europe (since China didn’t import many cars made in Europe in the first place).
- wenyuanyu 3y ago
  Future automotive joint ventures (JVs) in China will cease following the completion of existing contract term. China is lifting all foreign investment restrictions in all its manufacturing sector this year[0][1]. [0] https://www.jdsupra.com/legalnews/china-to-remove-all-restrictions-on-7221095 https://www.jdsupra.com/legalnews/china-to-remove-all-restri... [1] https://www.scmp.com/economy/china-economy/article/3254259/chinas-two-sessions-2024-did-premiers-speech-move-needle-foreign-private-business https://www.scmp.com/economy/china-economy/article/3254259/c...
  - seanmcdirmid 3y ago
    Not sure why you were downvoted, but that's great. The JV structure no longer benefits china, However, China should still expect blowback from having their economy protected for so long.
holoduke 3y ago
Yes for Germany its a bit of a difficult situation, but Europe is itself is actually looking into adding more tax to Chinese evs. https://www.reuters.com/business/autos-transportation/eu-set-allow-possible-retroactive-tariffs-chinese-evs-2024-03-05/ https://www.reuters.com/business/autos-transportation/eu-set... The whole Europese car industry is in a bad shape today. And it successfully lobbied an extension of allowable ice cars. They might be more inclined to promote evs, but certainly not on the level of China. Us and Europe are much more alike.