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https://cleantechnica.com/2024/04/11/unsold-chinese-evs-are-piling-up-at-european-ports/ https://cleantechnica.com/2024/04/11/unsold-chinese-evs-are-... https:
by zer00eyz 2y ago
https://cleantechnica.com/2024/04/11/unsold-chinese-evs-are-piling-up-at-european-ports/ https://cleantechnica.com/2024/04/11/unsold-chinese-evs-are-...
https://www.scmp.com/business/article/3253116/chinas-lithium-ion-battery-industry-faces-excess-inventory-production-capacity-ev-market-downshifts https://www.scmp.com/business/article/3253116/chinas-lithium...
China gave out huge incentives in the last decade to move to EV's. There are something like 100 different EV makers in china. No that number is not an exaggeration.
The idea that in the current economic storm EV dumping is going to happen is a real thing. The Biden move is proactive and the EU is going much slower but on the same path.
- asadotzler 2y agoOnly a few of those have the capacity to export and those have got less subsidies than US EV makers. Tesla ~$8B vs BTD ~3.5B for example.
- zer00eyz 2y agoYou missed a step: The average programmer in china makes less than half what their US counterpart makes. Cost of living far less than half of the us, pay for factory workers is far far less than the dollars to yuan conversion. It's far morespending power than just 3.5 vs 8