US and Europe accuse China of overproduction and dumping electric cars on global market
Вставка
- Опубліковано 25 кві 2024
- The US and Europe have accused China of overproduction and dumping electric cars on the global market.
More than half of all new electric cars sold worldwide are from China and it can make them cheaper and faster than its competitors.
Europe is investigating putting tariffs on Chinese electric vehicles and the US have called them an 'existential threat' to America's auto industry.
Read more: news.sky.com/story/theres-a-n...
#skynews #carproduction #china
SUBSCRIBE to our UA-cam channel for more videos: / skynews
Follow us on Twitter: / skynews
Like us on Facebook: / skynews
Follow us on Instagram: / skynews
Follow us on TikTok: / skynews
For more content go to news.sky.com and download our apps: Apple itunes.apple.com/gb/app/sky-n... Android play.google.com/store/apps/de...
Sky News Daily podcast is available for free here: podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: / @skynewsespanol
To enquire about licensing Sky News content, you can find more information here: news.sky.com/info/library-sales - Розваги
capitalist countries complaining about capitalism.
😂😂😂so true
Right? What happened to the idea of healthy capitalist competition? It's the premise we are told that makes capitalism so great.
I know...that headline is so confusing lol.
Exactly 😂😂😂😅
At what point did zero product quality become the major driving part though?
China made is a curse.
When China was making shoes and socks the US and Europe never complained about “overproduction or dumping”
and underwears 😂😂
Exactly, that's my point also
@@rpatel0074able they will say the same to India when India becomes a manufacturing powerhouse
nope- india is largest democratic government-mother of all democracy- no spying from India on usa not like china
😂😂😂😂
0:36 "And companies in the west are worried they can't compete " - Why is this China's problem?
Because the shareholders won't be happy and C-suite won't get more obscene bonuses on top of their already obscene bonuses.
Because it’s state-sponsored and co-ordinated, weaponising of the capitalism model. Also Xi has a huge personal stake in it. Subsidise, build cheap, flood overseas markets, destroy local competition. Rinse and repeat.
State sponsored and conscious decision by CCP to flood overseas markets. Capitalism weaponised. Xi had huge personal stake in green tech too. This trend already seen in other industries.
@@Shrooms247 good
No one cares
If china can make better products . Let them.
@@Shrooms247 that's tesla subsidised
Lockheed Martin bombs subsidised
Entire wars subsidised by usa uk Europe
We are happy to buy chinese products
As an economist, it’s a strange concept that each country should only produce what its market can consume. If that is the case, why do we have trade?
Because the entire system is rigged so that everything is overpriced for an eternity and everyone is in permanent debt.
Not strange at all because China didn't follow the rules written by the US.
China electric car production is still well below their fossil fuel cars yearly sales. So the idea they are over producing is nonsense.
its just propaganda being spun by western news media influenced by expensive lobbyists
Because it has nothing to do with economics but maintaining the interests of politicians and connected "capitalists".
U.S. overproduction of debt and bonds is the biggest problem.
western countries are afraid of competitive markets? its not democratic
More so the cheap made China made products.
Their democracy needs to be re-evaluate
@@neilnelson7603 please learn to speak English for the English website.
There is nothing competitive about the CCP. Cheap slave labour, stolen IP, heavily discounted export costs and more all lead to a predatory form of sales.
For example Temu is designed to destroy small businesses in the West by flooding the market with extremely cheap goods that they have no hope of competing with.
This isn't the early 2000's where the CCP could take advantage of the West, whilst painting them as the chief enemy to a domestic audience.
They went from being 'democracies' to 'Plutocracies' where the Oligarchs rule ,decades ago. But they still pretend to be Democracies to keep the majority fooled.
China only exports less than 20% of their NEV. G7 and its allies export 70% of their cars. It's underperforming Gangster 7 group. Yet they labeled China as overcapacity.
Anytime China is leading in something the western world starts going against them😂
If the quality is China made, then ya it should be pointed out how garbage it is.
It called jealousy
@@burns281981 prove it
US ban Huawei, ban tiktok, ban DJI drones, ban chinese EVs, ban anything US can't compete with.
Similar to Huawei... Similar to 5G... Similar to Tiktok...
Very disgusting accusation.
A very good accusation. The CCP has bargained on Western ignorance for too long.
@@ShadowPhoenixMaximus which country is named west
Point it on the map
I bought chinese ev byd seal btw
I prefer quality
@@ShadowPhoenixMaximusdon't care
If china makes better products. We ll buy them
@@zacksmith5644 The collective West. Ask your wumao little pink friends to find it, they whine so much about the West they should have no problem identifying it.
They always use the word cheap to try and make it seem like it's trash! The real word is inexpensive!
Also 'affordable' or 'good value'
Typical word play from propagandists
For sky news, a day without cursing China, is a day wasted
😂😂😂lol
Couldn’t agree more 👏👏🤣🤣🤣👍👍
Rupert Murdoch owns this news outlet.
Since a decade ago
they learn from Serpentza
When they had excess capacity and China was poor and struggling, did they slow down for China?
Nope‼️🤣
They did. US imposed lower import taxes to help China before Trump. But that's none of my business.
@@mal7916"trust me bro" sources don't work anymore, bro.
Is that why the CCP still masquerades as a "developing country" in order to secure millions annually from the WTO?
Nope @@mal7916
At least they are producing cars instead of tanks, ammunitions...
Yep - usa also biggest arm ,lethal weapons producer- mankind killing machine maker - not complaining but fact - point is america need to look in mirrors-. for yrs smerica poking other countries affair good or bad - american military-.young peoples go fight some one else business - that's not patriotic- fighting for usa
They are producing those too don't worry
Capitalism at its finest
Hypocracy at its best
And the sheer irony of capitalist countries complaining to a communist country for being an expert at capitalism. 😂😂😂
I have no words for double standard western countries. 😊😊😊
That's probably true, but don't US and Europe literally do the same things in other industries?
They are over represented in the military killing industry
If there was really dumping of EVs, why are EVs still so expensive here?
Cost of shipping transport and middle man importer profit margin.
Plus the law of demand Vs supply.
Because all the woke virtue signallers still buy them…..😂
Why sell cheaper when there isnt much competition?
Ora 03 on lease is cheapest EV in the market. Cheaper than a petrol 208
Eu and us are investing in wars while china is investing in production. What did they expect? They spent trillions on wars, sanctions then blame china😂😂😂
All of a sudden, it's not about climate change anymore :)
The funny thing is US and EU are protecting their low tech car brands.
why complain every time china china china .... just admit your incompetency .... change the word hypocrisy in your dictionaries and name it Euro-US
It is because American companies work for their shareholders. While Chinese companies do things that make the best profits and also the government direction.
@@kevint1160
95B, Taxpayers have lost again, taxation without representation
Persons in Congress should wear the logo of their sponsors like NASCAR drivers do.
@happymelon7129 the main sponsor will be AIPAC and i bet most of the AIPAC members are investors or affiliated with military complex
Pure jealous from US and Europe😂
A communist beating capitalists at their own game
Isn't that what capitalism is all about!
That's what they feed to the sheeple. What it's really about is monopolies and total market domination.
Communist China, that’s not forget that. When they’re strong, they will take what they want.
borrow a quote here:
% of the cars produced are exported.
Germany: 75%
South Korea: 70%
Japan: 50%
China: 15%
U$ : China has overcapacity.
Cars per thousand people (from Wiki)
USA >900
Australia, France >700
Japan, Germany >600
Korea ~500
Malaysia, Brazil >400
Mexico, Russia >300
Thailand, Turkey ~270
--->> China ~238
U$ : China has overcapacity.
Yellen should lecture them the $ printer has overcapacity.
Well said.
Quote borrowed.
Isnt dumping "cheap green technology product" good for the world?
Not when it is big bad Chyna doing the 'dumping'!!!
😂😂😂what's wrong with competition. Good for end user.
The big worry for Gemany is they can no longer overcharge for their cars anymore, if i was buying an EV id go out of my way to buy a Chinese one.... Hypocrites
It wasn't long ago a 60 inch tv was 5000 dollars at Best Buy. And Sony priced themselves into oblivion. When Chrysler is asking over 50 grand for a Jeep, things need to come way down.
Seen a 60inch TV the other day for 600 euro... 50inch was 450... There wasn't even a sale and the shop is a rip off. First plasma tv in my country was 50,000euro 😅
@byrne1916 Ironically the only mass produced electronic to really inflate is a flagship phone. Almost 2000 dollars for an s24 ultra in Canada, way more than a 50 inch tv, and more than most laptops. crazy expensive.
@@cyberpunk1234 they claim it's because of lack of chips and putting up the price "relieves demand 😂 There's a climate catastrophe too, but when China sells solar panels for 25% of the price, EU considers banning them. It's all a hustle man.
Eu and us focus on Israel and Ukraine and China is leading Global Business
West has started panicking
Thank China for Affordable Electric Cars. Clean Air Blue Sky Health Better Life.
new word: Unfair, IP theft, Now: overcapacity.... Next: ????
LOW QUALITY!!! Meanwhile the Chinese cars are up to par with European cars and in more cases now even out do them when it comes to quality lol...
Hey we don’t want that in the U.S. consumers are happy to pay for overpriced vehicles 😂😅
Exactly! Affordable and well build cars? NO THANKS! Give me that overpriced bare bones SUV with a 1.5l engine for $45.000 pls 🤩🤩
😂CC commitment ?
29-3-2024, Biden’s $7.5 billion investment in EV charging has only produced 7 stations in two years.
After two years, that program has only delivered seven open charging stations with a total of 38 spots where drivers can charge their vehicles, according to a spokesperson for the Federal Highway Administration. (The funding should be enough to build up to 20,000 charging spots or around 5,000 stations, according to analysis from the EV policy analyst group Atlas Public Policy.)
Everyone can tell US cars are over priced. It's not that Chinese cars are cheap
Today, car no longer for Elite only. Now everyone can afford to own an EV from China's.
Thanks China.
I am hoping "overcapacity" & "intense competition" will eventually mean affordable automobiles (50% off current price) for average Americans
Overcapacity of whinging at others by the Yanks.
They are helping the common man! ❤
There worried about loosing all there profits and having to lower the prices of the very expensive cars all I can say is China keep up the good work bringing affordable cars to the market
What about Apple and Microsoft overproduction ?
Theres just no satisfying some countries wow. UK is pushing for EV's hard but theyre overpriced and Taxed heavily. The world pushes for more EV cars for cleaner energy:
China: "Ok sure we'll work with that, make it as cheap as we can so everyone can access them"
US and Europe: "Err no, only we should profit from this"
It's going to tank their industry. Loss of jobs etc. 😮
Great , one day I may afford an EV at an affordable price. Rather than the overpriced cars in Europe
Us and Europe cant keep up and its getting them upset
They're lagging behind in technology.
Free trade was good as long the US and Europe dominated the markets; now that they are facing a serious competitor who is beginning to outperform them they are falling back into their old European mercantilist way of thinking and are putting down the shutters.
Removing natives from their land was the first sign of weakness. I have lowered my standards for this country.
This is absolutely insane. It’s really telling when countries that are supposed to be pro-protecting the environment, are against another country and producing the vehicles that are supposed to be better for it. I’m against the Chinese communist party and don’t want to support them, but even I know the planet as a whole is more important and I would be totally willing to buy one of these cars if it falls within my price range, versus ludacris prices For EV we are still expected to pay some companies here in the West.👌🏼
Give me one.
Don’t be so hard on the CCP.
The CCP had brought 800 mil Chinese out of poverty.
China per capita was the same as India in 1949, now it is 5 times higher.
The CCP have 90 mil members in China and they are the country’s elite.
The CCP had build China with patriotic bureaucrats that are smart and not corrupted.
As compared to many third world country.
I am a Malaysian and I travel to China often for hols.
The CCP practices modern socialism that lifted the country.
No homeless, mandatory education, cheap university fees , universal healthcare etc .
US should stop printing excess dollar notes.
Gotta love propagandist words like "overproduction" and "dumping".
“They can build them cheaper and quicker” isn’t that what we want? What a joke.
If it was an American company they would be praising them.
Capitalists complaining about Competition 😂😂😂 to Communists 😂😂😂... 😅😅😅
Very well done China. It is free market in a free world.
The question to ask: is it a good or bad thing for the consumers ?
absolutely good for customer but bad for politicians😅
😂😂😂 the US and EU jist cant compete with China anymore😂😂😂Now China has got them by the throat,and people will just buy cheap EV from china😂
I have sat in BYD and Tessla, BYD is really good.
So bad news is China making EV more affordable for the average buyer? Their helping us meet carbon zero sooner?
They are accusing china of making too many cars!!!??????
Western countries are unable to compete with china😂😂😂.
We need a price drop then 😂😂😂
😂😂😂 fear fear
Incapacity to challenge overcapacity.
Good, we need competitive prices and affordable electric cars, instead of lining the pockets of Elon Musk and his investors. Let China compete for the green tech, we need it.
Meanwhile the "budget" ID3 costs 40k EUR. Lawl.
😂
Really? ID3 only cost 16K EUR in China, and seller says that the sales did not meet expectations.🤔
@@user-mt5vj3pr9y cos it’s a trash car.
Excellent well done, 🇨🇳 China. A government with a clear plan and focus. For the Western countries, they got what they wanted. Cheap EVs.
What happens to climate changes I think when it comes to competition they forget about climate changes 😂😂😂
😂 China was too Polluted , Remember ? Now CHINA is Too GREEN 💚 😂
80% of German car is export. Is that overcapacity?
Up your ante in competition stop smearing China with false narratives
The bully hate losing
America is just jealous 😂
usa and europe should wake from sleep that now is 2024 and not 1950. Hallo ...
They are busy printing dollars for BB and Zelensky 😂
This is plaza accord all over again, but luckily, unlike the Japanese, Chinese people does not bow down.
A strange way to complain things are too cheap 😂… they love to pay expensive
So they can't compete now they are crying 😂😅😂
Now I can afford a car. Thank God
Germany has been subsidising their own industry for decades.
If this is true, isnt this good news for US consumers and their environment? The west had the same misguided attitude when the japanese start to build better cheaper vehicles in the 80's. Partner up with China rather than try to compete.
Their local cars are being bought because of obsolescence. Now they cry dumping 😮
The days of the US and the EU are numbers
WTF is overproduction 😂😂😂😂 just say jealous
These hypocrites complain about environment China overproduction of EV n solar panels more cheap n reliable EV so many people can afford to drive n put solar panels more vis better 😂😂😂
US and Europe accuse China of overproduction😂
This us and eu is out of the line...
Don't accuse China of success, try to be like her.
should we talk about the overproduction on weapons and dollar paper?
Just increaase the tariffs!
Western countries/companies have been outsourcing manufacturing of everything from socks to iphones to China for decades. It's a bit late complaining or doing anything about it now.
Why China always capable to make cheap product but relatively good quality? It is because the supply chain and cost. In China labour cost is far lower than Western, and the standard of living is much cheaper too. With large scale of production Chinese companies are better in cost control and sell their product in cheap price.
Mininum wage per hour in China is only USD2.60 while Germany is USD13.00. The labour cost itself already a great advantage for China. China didn't abuse the labour, the China living cost is cheap imagine a street food noodle is priced as low as USD1.5.
Have Boeing and Airbus overproduced and dominated the aircraft business for as long as we can remember ?
Rather have a cheaper Chinese car than a grossly inflated price of a European 'heritage' brand that's designed to last as long as a three year lease.
China was playing chess. Europe checkers. The USA was really caught off but at least they changed their policy to protect themselves. Germany seems unwilling to accept the short term losses.
Overproduction on good things with good price should be good for all rather than overpriced products
The completion of economy power transition from west to east just got started.
Let’s everyone use Car… Make it cheap.. Make it Green..
The US just enacted the chips act, subsidising firms to setup shop in the US? It's a state subsidy?
That's what we call exports. Like what BMW, Volvo and Ford have been doing for the past 50 years.
It’s called business 🙈
China at its best , others will complain
In Europe, most of the citizens can not even afford to buy a modest new normal car. EVs are definitely out of question. And when the cheap alternative is available, they are shutting the door on us. So from now on, nobody can talk about green transition when the cheap green alternative was banned by the very leaders who wanted to force this green nightmare on us.
US is dumping iphone on global market.
Never heard before that words can put national security at risk 😂😂
Over produuction
Over developemt
Over rich
Over intelligent
Seriously US 😂