I have seen (youtube) an electric car the size of an Toyota IQ. Price tag 4.000-7.000€ except for the European market 12.000-15.000€ (because of the regultions, I guess).
China subsidises EV manufacturers directly so EU uses tariffs to bring things to a level playing field. Many EU countries have subsidies for EV buyers which is better because that allows you to buy European, Chinese, Japapnese… Whatever you want, all with the same discount.
No secrets there. If the weight of the Chinese government backs your production you can go as cheap as you need it to sting your competitors.
The next schema is, that Chinese companies produce in the EU. There are some contracts and joint ventures on the way, but all in all the EV market race can simply no be leveled even, no matter the wild and holistic regulatory activism.
The already have 😂
I have seen (youtube) an electric car the size of an Toyota IQ. Price tag 4.000-7.000€ except for the European market 12.000-15.000€ (because of the regultions, I guess).
Video in German: https://www.youtube.com/watch?v=iGz1ofi70_I
https://wulingcars.com/wuling-mini-ev/
China subsidises EV manufacturers directly so EU uses tariffs to bring things to a level playing field. Many EU countries have subsidies for EV buyers which is better because that allows you to buy European, Chinese, Japapnese… Whatever you want, all with the same discount.
No secrets there. If the weight of the Chinese government backs your production you can go as cheap as you need it to sting your competitors.
The next schema is, that Chinese companies produce in the EU. There are some contracts and joint ventures on the way, but all in all the EV market race can simply no be leveled even, no matter the wild and holistic regulatory activism.