• Home
  • Motorcycles
  • Electric Motorcycles
  • 3 wheelers
  • FUV Electric 3 wheeler
  • Shop
  • Listings

Subscribe to Updates

Get the latest creative news from CycleNews about two, three wheelers and Electric vehicles.

What's Hot

2025 Triumph Speed Twin 1200 RS Review [11 Fast Facts]

How the Farm Industry Spied on Animal Rights Activists and Pushed the FBI to Treat Them as Terrorists

“Mario Kart World” Devs Broke Their Own Rule on Who Gets to Drive

Facebook Twitter Instagram
  • Home
  • Motorcycles
  • Electric Motorcycles
  • 3 wheelers
  • FUV Electric 3 wheeler
  • Shop
  • Listings
Facebook Twitter Instagram Pinterest
Cycle News
Submit Your Ad
Cycle News
You are at:Home » How China’s EV Boom Caught Western Car Companies Asleep at the Wheel
Electric Motorcycles

How China’s EV Boom Caught Western Car Companies Asleep at the Wheel

cycleBy cycleOctober 14, 202303 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


David Tyfield, a professor of political economy at Lancaster University and author of the 2019 book Liberalism 2.0 and the Rise of China, tells me there is “no future for the EV which does not feature significant, if not disproportionate, Chinese presence. Chinese companies are just too far in the lead across the whole supply chain of the electric vehicle: from the minerals to the batteries to the building of the cars.”

Policymakers worldwide fret over China’s ambition to control entire supply chains—for instance, the minerals inside EV batteries. Such domination by China is claimed to threaten individual economies and the (Western-led) global innovation system.

“Global markets are now flooded with cheaper electric cars. And their price is kept artificially low by huge state subsidies,” complained European Commission president Ursula von der Leyen earlier this year.

Speaking in Beijing last month, shortly after the EU opened an anti-subsidy investigation against China, Valdis Dombrovskis, the EU’s trade commissioner, said the trade bloc was “open to competition” in the EV sector, but “competition needs to be fair.”

Responding to the imports probe, Cui Dongshu, secretary general of the China Passenger Car Association, urged the EU to cease the economic saber rattling. “I firmly oppose the EU’s evaluation of China’s New Energy Vehicle exports, not because of huge national subsidies, but because of the strong competitiveness of China’s industrial chain under full market competition,” wrote Cui on his personal WeChat account, almost certainly echoing official state views.

His Chinese-language blog is essential reading for automotive industry watchers. Alongside insider commentary, it regularly posts sales figures. On September 24, Cui reported that from January to August 2023, China’s cumulative automobile exports—EV and ICE, including trucks, too—hit 3.22 million units, with exports expanding at a rate of 65 percent, knocking Japan off its perch as the world’s largest automobile exporter.

“From January to August 2023, 1.08 million new energy vehicles were exported, a year-on-year increase of 82 percent,” wrote Cui. Nearly all of these, some 1.04 million, were passenger vehicles, a 90 percent increase year-on-year.

EU First, US Later

BYD now ships cars to Thailand, the UAE, Japan, Australia, Norway, the UK, Germany, Brazil, Costa Rica, and Mexico. It’s already the best-selling EV brand in Singapore. The company has an electric bus division in the US but no official sales channel for its cars.

“The US market isn’t under our current consideration,” Stella Li, a senior vice president at BYD, told Bloomberg earlier this year. She said that President Joe Biden’s “new green deal” Inflation Reduction Act may “slow down EV adoption in the US,” because it will make affordable EVs inaccessible to American consumers.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleTOP 5🔥BEST ELECTRIC SCOOTERS IN INDIA 2023 | Price, Range, Review | ELECTRIC SCOOTER 2023
Next Article Are Adult Tricycles UNSTABLE? Adult 3 Wheel Bikes and How They Balance on Three Wheels
cycle
  • Website

Related Posts

How the Farm Industry Spied on Animal Rights Activists and Pushed the FBI to Treat Them as Terrorists

June 3, 2025

“Mario Kart World” Devs Broke Their Own Rule on Who Gets to Drive

June 3, 2025

‘Mario Kart World’ Races Are More Chaotic—and Better—Than Ever

June 3, 2025
Add A Comment

Leave A Reply Cancel Reply

You must be logged in to post a comment.

Demo
Top Posts

2025 Triumph Speed Twin 1200 RS Review [11 Fast Facts]

June 3, 2025

The urban electric commuter FUELL Fllow designed by Erik Buell is now opening orders | thepack.news | THE PACK

July 29, 2023

2024 Yamaha Ténéré 700 First Look [6 Fast Facts For ADV Riding]

July 29, 2023
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest Reviews

Subscribe to Updates

Get the latest tech news from FooBar about tech, design and biz.

Demo
Most Popular

2025 Triumph Speed Twin 1200 RS Review [11 Fast Facts]

June 3, 2025

The urban electric commuter FUELL Fllow designed by Erik Buell is now opening orders | thepack.news | THE PACK

July 29, 2023

2024 Yamaha Ténéré 700 First Look [6 Fast Facts For ADV Riding]

July 29, 2023
Our Picks

NASA Will Do Space in Style With the Prada Axiom Spacesuit

The New York City Subway Is Using Google Pixels to Listen for Track Defects

The WIRED Guide to Protecting Yourself From Government Surveillance

Subscribe to Updates

Get the latest news from CycleNews about two, three wheelers and Electric vehicles.

© 2025 cyclenews.blog
  • Home
  • About us
  • Get In Touch
  • Shop
  • Listings
  • My Account
  • Submit Your Ad
  • Terms & Conditions
  • Stock Ticker

Type above and press Enter to search. Press Esc to cancel.