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Challenges and Strategies in the German Automakers' Relations ...
2024-06-19 06:17:13

Challenges and Strategies in the German Automakers' Relations with China amid EV Tariffs

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German automakers are facing concerns due to the European Commission's imposition of tariffs on Chinese EVs, impacting their significant sales in China. Bosch warns Chinese EV makers about the risks of an escalating price war on their profitability and global industry status, proposing a fair market mechanism.

Despite decreasing overall import numbers, China's share of electric car imports to Germany is on the rise. Meanwhile, a leading analyst suggests Detroit Three automakers should exit the Chinese market to save capital amidst the costly EV transition.

German Economy Minister Robert Habeck's visit to China aims to ease tensions over EU tariffs on Chinese EVs, focusing on trade issues and geopolitical developments to maintain a crucial export market relationship and prevent a tariff spiral.

Related news on that topic:

Rise of Chinese Electric Cars in Germany Amid Possible E-car ... E-car Tariffs

The surge in Chinese electric car imports to Germany, tripling in quantity and value compared to the previous year, highlights a significant trend. This increase poses a challenge for German manufacturers producing in China for the German market if EU tariffs are imposed. Despite declining overall demand in 2024, Chinese electric cars have gained a notable presence in the German market. China's BYD is aggressively entering the European market, challenging Tesla's dominance despite the looming threat of EU tariffs. The EU-China trade dynamics, involving electric vehicles and pork imports, reflect a complex situation with potential repercussions for both parties.

China's Response to EU Tariffs: Investigating Pork Imports

In retaliation to the EU's plans to increase tariffs on electric cars from China, China has launched an anti-dumping investigation into pork imports from the European Union. The investigation is expected to last about a year, impacting countries like Spain, the Netherlands, and Denmark. The move follows a trade dispute between the two parties and is in response to the EU's imposition of anti-subsidy duties on Chinese electric cars. While the EU remains unfazed by China's actions, German automakers are concerned about the tariffs and are seeking solutions to mitigate the impact on their sales in China.

The press radar on this topic:

The Street
19. Juni 2024 um 02:14

Germany automakers seek solution to big Chinese EV problem

Economy
Politics
The European Commission's decision to impose tariffs on Chinese EVs has caused concern among German automakers who have significant sales in China. German government officials are working to find a solution or mitigate the impact of the tariffs through direct talks with Chinese counterparts.
n-tv.de
18. Juni 2024 um 15:16

China increases share of electric car imports to Germany - n-tv.de

Politics
Despite the decreasing numbers, the share of Chinese electric car imports to Germany is increasing. In the period from January to April 2023, the share was 40.9 percent. Although the overall import numbers are declining, China's share of electric car imports has risen.
Yahoo News
18. Juni 2024 um 21:15

Detroit Three automakers should exit China, leading analyst says

Politics
Economy
Leading auto analyst suggests that Detroit Three automakers should exit the China market to save capital during the costly electric vehicle transition. The analyst highlights the challenges faced by U.S. automakers in China, emphasizing the need for aggressive cost-cutting measures in response to slower EV sales.
Global Economy - South China Morning Post
18. Juni 2024 um 23:00

Chinese EV makers, suppliers risk dent to global stature in price war, Bosch exec warns

Politics
Economy
German automotive supplier Bosch has warned Chinese electric vehicle (EV) makers that an escalating price war could harm their profitability and global industry leadership. The president of Bosch China proposed creating a fair and orderly market-based mechanism to avoid cutthroat competition among Chinese carmakers and supply-chain vendors. The warning comes amid concerns about the overall profitability of Chinese EV makers and component providers as they engage in an aggressive price war to win..
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