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Chinese electric carmakers ramp up push overseas, setting up clash with U.S., European auto giants
CNBC ^ | PUBLISHED MON, SEP 4 2023 | Arjun Kharpal

Posted on 09/05/2023 1:02:54 AM PDT by cba123

Munich, GERMANY — The IAA in Munich, Germany is one of Europe’s most high-profile auto shows. And it was dominated by Chinese electric car firms looking to expand their presence on the continent and challenge incumbents from BMW to Ford in the new era of battery-powered vehicles.

Chinese start-ups and players had some of the biggest stands at the event with high-profile press conferences and vehicle launches, underscoring their intention to make a splash in the European market.

China, the world’s largest EV market, has seen a tidal wave of electric car companies pop up in the last few years, driven by government subsidies and venture capital funding. But a slowing market at home, due to tepid consumer spending after Covid-19 restrictions were lifted, coupled with an attractive market in Europe, has seen Chinese firms launch cars abroad and expand their footprint.

“Europe is one of the largest (second after China) mass market vehicle markets ... If the Chinese EV makers want to secure a growth path beyond their local market, its very logical to look at Europe,” Daniel Roeska, senior research analyst at Bernstein Research, told CNBC via email.

Roeska added that Europe, with its “stringent de-facto” ban on combustion engine cars in 2035, “is pushing the market faster towards EVs at a time when most EU brands ... do not have a perfect offering yet, making market share gains easier.”

Many of the European carmakers have been seen lagging in their push into EVs at a time when Chinese players have launched dozens of new vehicles.

(Please click on link for full article)

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; China; Foreign Affairs; News/Current Events
KEYWORDS: chat; evs; nothingtoseehere
I know EVs are not real popular in the US yet, but China is MASSIVELY invested in Electronic vehicles.

Europe is close behind.

We seem to have more or less, abandoned the markets.

1 posted on 09/05/2023 1:02:54 AM PDT by cba123
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To: cba123

Red China and the EU are forcing (or attempting to force) those firetraps on their unwilling populace.


2 posted on 09/05/2023 1:12:17 AM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: cba123
We seem to have more or less, abandoned the markets.

Pushing EV nonsense- again....

3 posted on 09/05/2023 1:22:13 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: cba123

Electric cars aren’t worth the time or the money invested.


4 posted on 09/05/2023 2:51:04 AM PDT by popdonnelly (All the enormous crimes in history have been committed by governments.)
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To: cba123

At least in China they’re still producing electricity. EV’s make less sense here unless you live in a state that still produces electricity and/or live in an area that’s good for you producing your own power with solar.


5 posted on 09/05/2023 3:03:04 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: cba123

They make all the batteries for the cars. Once they have their cars in the market, they can have “supply chain problems gor hhrir competition.


6 posted on 09/05/2023 4:08:27 AM PDT by TheCipher ( RINO politicians in DC are the only reptiles in the world with no backbone)
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To: TheCipher

..for their


7 posted on 09/05/2023 4:09:13 AM PDT by TheCipher ( RINO politicians in DC are the only reptiles in the world with no backbone)
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To: TheCipher

True that. We block the mining of cobalt, nickel, and lithium here in the U.S., all while demanding people switch to EV’s.


8 posted on 09/05/2023 4:19:14 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: cba123

The upcoming strike should help. /sarc


9 posted on 09/05/2023 6:37:15 AM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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To: cba123

—”Europe is close behind.”

More like falling behind.

In EV Transition, German Carmakers Lag Behind Tesla and China
https://www.wsj.com/business/autos/in-ev-transition-german-carmakers-lag-behind-tesla-and-china-5f60a99f

“For decades, German carmakers dominated their industry with brands that were bywords for excellence and consumer appeal. But as the sector transitions toward electric vehicles, they are falling behind. “

VW fired CEO Diess because he wanted to slim down the company; Back in 2020, Herbert Diess, former CEO of VW said it takes VW 30 hours to produce a car compared to Tesla’s 10 hours.
The union did not want to hear this.
So he was toasted.


10 posted on 09/05/2023 7:36:51 AM PDT by DUMBGRUNT ( "The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message)
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To: cba123

Well, yes. EVs make no market sense in this country, that’s why the government had to step in with mandates.

I make several 500-mile trips per month. I can do it in just over 8 hours with my ICE vehicle. With an equivalent EV, the trip would take two days. And I get 60,000 miles on a set of tires, not 3,000 miles on a much more expensive set of tires. Nope. EVs make no sense for me, or for a lot of other normal Americans.


11 posted on 09/05/2023 8:01:38 AM PDT by Cincinnatus.45-70 (What do DemocRats enjoy more than a truckload of dead babies? Unloading them with a pitchfork!)
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To: Cincinnatus.45-70
I make several 500-mile trips per month. I can do it in just over 8 hours with my ICE vehicle. With an equivalent EV, the trip would take two days.

It depends. EV's shouldn't be mandated or subsidized or any of that. But to say that EV's aren't good for trips, well it depends.

Take the 500 mile trips you speak of. And I'll assume they are 500 miles one way. In our EV driving 80 mph would require two charging stops of 10-15 minutes each. Of course, that doesn't compare to a 5-10 minute gas fill up (my ICE pickup gets 500 miles running the AC, so I'd need a fill-up to be sure I make it)...unless you realize that your first fill-up (the one for when you leave home) doesn't have to happen in an EV (charged at home). So two 10-minute stops to charge the EV is just 10 minutes longer than two 5-minute gas fill ups in the ICE. The same for starting the trip back if the hotel you stay in has a complimentary charger (wake up to a full charge unlike with an ICE car needing a fill up).

All the more so with my wife being always with me on trips and she always asks to stop every 200 miles anyway and walk around for 10-15 minutes to stretch her legs, our EV charging is conducive for that. Maybe if you're not asked to stop every 200 miles you'd be more inclined to not want to make that 10-minute charging stop --you'd take the ICE car. Likewise geography matters. Our road trips aren't up north in the winter where it's too cold for EV's to function efficiently (perhaps your trips are in the cold and an EV isn't wise). Likewise if driving 500 mile trips through the low populated midwest where there are few fast chargers.

Another thing to consider is if you're married and need 2 cars anyway. By having one of them an EV and one an ICE (like we have), we're diversified in our energy dependencies for transportation. Basically, if we want or need to make a road trip at a time when the Dims jack up the price of gas to $5/gallon (IMHO it's still too expensive at $3.45/gallon) or there are shortages at the pump --- we have the EV car. Or if the Dims make the grid less dependable (brownouts) in areas we're driving to -- we have the ICE pickup. In other words, just like it's a mistake for the Dim cultists to be all EV, it may be unwise for us conservative couples to be all ICE.

Last but not least is what home solar brings to the table for energy self-sufficiency -- an EV extends that onto the road at least for local driving. Solar sucks as far as making the grid depend on it -- the grid should be nothing but dependable power. But decentralized solar in the south works for us, and that includes charging the EV. On your 500 miles trips obviously home solar can't handle the whole trip. But it makes the first 240 miles free for us (during the 10 months out of the year I have good solar, and driving 80 mph). We drive 26K miles per year in our EV largely because my wife and I share it -- whoever drives the most that day takes the EV. Plus we take it on our trips (I'm sure the day is coming when we'll drive a trip that the ICE would be better at). About 22K or 23K of those miles are charged at home. In the past 12 months (since I added onto our solar) 82% of our power has been free for our all-electric home, including charging the EV. (Most of the 18% of the power I pulled from the grid was during 2 cold winter months.)

There are many free market reasons to not get an EV (i.e. take lots of trips in cold weather or charging deserts, not married and thus need only 1 car so it should be ICE for the times an EV won't cut it, can't charge at home, etc.). But it's a mistake to completely diss EV's altogether without seeing if an EV is best for your situation (at least the next time you have to replace one of your cars anyway and are deciding what car to get). At least, that's my two cents' worth.

12 posted on 09/05/2023 8:55:05 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: cba123

I have had more countless products destroyed and rendered useless by one small cheaply made chintzy Chinese made piece of crap part then I can even count.
Think of spending 50 grand for a machine that has 5000 parts just like that sitting inside of it...


13 posted on 09/05/2023 10:16:06 AM PDT by mowowie
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To: Tell It Right

Sorry, there is no way to recharge an EV in that time on any route available for me. Maybe you have a super expensive EV I can’t afford, but I need a pickup truck at the other end of the trip. None have the range and charge time you refer, especially with the available charging stations.

And you didn’t mention the extreme wear on the hugely expensive tires. Tire replacement alone would cost as much as gasoline in a non-government mandated price schedule. (Jack up gasoline prices to make EVs more attractive.)

And you didn’t mention the extreme danger of the electric batteries. I need an off-road capable truck. If I run over a stump in the swamp in 4WD and damage the EV battery, will I survive the fire? It’s a rhetorical question. If it just gets stuck in the swamp, the EV truck will be massively heavier than my current vehicle. What kind of tow vehicle will get it out of the swamp?

EVs are great for pasty white liberals in 15-minute cities, and can be made to work for some other folks, but otherwise I just don’t think they are ready for real-life prime time. Not your fault, of course, and if it works for you, great!


14 posted on 09/05/2023 11:05:32 AM PDT by Cincinnatus.45-70 (What do DemocRats enjoy more than a truckload of dead babies? Unloading them with a pitchfork!)
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To: Cincinnatus.45-70
I agree wholeheartedly that EV trucks don't cut the mustard. Both with towing range and in charging time (even when not using them as a pickup they take longer to charge than an EV car).

Tires, though, aren't more expensive. At least not for me. Now I do go through tires more frequently in the EV than in the ICE car. But IMHO I make up for that by not needing my brakes worked on as often in the EV (most braking done through regen saves on brake pad wear).

And don't get me started on how everybody would be better off without govt mandates and tax credits. Even us EV owners should hate the tax credits because the tax credits artificially inflated the EV prices (like everything else the govt "helps" us with).

15 posted on 09/05/2023 11:13:04 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: cba123

https://www.youtube.com/watch?v=_lrpkV2XaJA&pp=ygUhY2hpbmVzZSBlbGVjdHJpYyBjYXJzIGluIHN0b3JhZ2Ug

There are several videos on YouTube about the Chinese electric vehicle scam


16 posted on 09/05/2023 11:16:39 AM PDT by shotgun
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