Challenging China’s Electric Vehicle Export Surge: US and Europe Diverge
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China has emerged as the leader in electric vehicle (EV) production and sales, with overcapacity and a surplus of 20 million vehicles aimed at international markets. The US has raised security concerns about Chinese EV imports and directed the Commerce Department to investigate the security implications of Chinese EV electronic systems. The European Commission has launched an anti-subsidy investigation into the Chinese EV industry and placed provisional duties on Case EV imports. European leaders are divided on how to respond, with some advocating for investment in European companies to boost competitiveness. Chinese EV companies are pursuing a foreign investment strategy and may face pushback if the US blocks Chinese EVs manufactured or assembled in other countries. The clash between Chinese and European carmakers is uncertain, with the history of the solar manufacturing industry as a potential model. Time will tell how the US and Europe navigate the challenge of China's EV dominance.
#China #ElectricVehicles #Evs #Us #Europe #Trade #Security #Investigation #Antisubsidy #Competition
https://www.aei.org/technology-and-innovation/challenging-chinas-electric-vehicle-export-surge-us-and-europe-diverge/
American Enterprise Institute /
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2024-06-26 10:13:05
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wss://relay.nostr.band/allPublished at
2024-06-26 10:13:05Event JSON
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"content": "Challenging China’s Electric Vehicle Export Surge: US and Europe Diverge\n==========\n\nChina has emerged as the leader in electric vehicle (EV) production and sales, with overcapacity and a surplus of 20 million vehicles aimed at international markets. The US has raised security concerns about Chinese EV imports and directed the Commerce Department to investigate the security implications of Chinese EV electronic systems. The European Commission has launched an anti-subsidy investigation into the Chinese EV industry and placed provisional duties on Case EV imports. European leaders are divided on how to respond, with some advocating for investment in European companies to boost competitiveness. Chinese EV companies are pursuing a foreign investment strategy and may face pushback if the US blocks Chinese EVs manufactured or assembled in other countries. The clash between Chinese and European carmakers is uncertain, with the history of the solar manufacturing industry as a potential model. Time will tell how the US and Europe navigate the challenge of China's EV dominance.\n\n#China #ElectricVehicles #Evs #Us #Europe #Trade #Security #Investigation #Antisubsidy #Competition\n\nhttps://www.aei.org/technology-and-innovation/challenging-chinas-electric-vehicle-export-surge-us-and-europe-diverge/",
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