Ag grid competitors11/22/2023 But when it came to developing e-cars, they hesitated for too long. For decades, they benefited from the rapid growth in China and were pleased with their enormous sales figures of combustion cars there. A break with China would hurt the German auto industry extremely badly." The announcement from Brussels alone will cause anger among the Chinese, he said.Īt the same time, German automakers are coming under heavy pressure from competitors, some of whom are now superior. In view of China's economic importance, Dudenhoffer warned against punitive tariffs: "Should measures be taken against Chinese imports in Europe, we can expect with absolute certainty that China will react. With regard to e-cars, the Chinese leadership set out years ago the goal of becoming the technology leader. Solar equipment production has increasingly shifted to China in recent years, and the German solar industry has lost its interim importance. "We have not forgotten how China's unfair trade practices have affected our solar industry," von der Leyen said. One risk in dealing with China, for example, is that major industries are outsourcing their production. "We have to defend ourselves against unfair practices." At the same time, she stressed that it was essential to remain in dialogue with China. BMW said it would not comment on the announcement until concrete key points were in place.Įurope is open to competition, but not to an unequal undercutting race, von der Leyen explained. German automakers themselves were initially cautious in their comments. The Germans sell 30 to 40 percent of their cars on the Chinese market and would be the first target of countermeasures, in his estimation. It must be possible to measure damages, and possible counter-reactions from China must also be taken into account.įor the German auto industry in particular, the stakes are very high, the director of the Center Automotive Research, Ferdinand Dudenhoffer, told dpa. The spokesman also pointed out that EU anti-subsidy investigations are very formal procedures based on defined criteria and steps. Long-term strategies are needed, because the German and European location suffers from high energy costs, taxes, duties, levies and too much bureaucracy, a spokesman for the German Association of the Automotive Industry (VDA) said in response to a question. The auto industry argued that the investigation alone does not loosen existing challenges. The Green politician said in Berlin that it was not a matter of keeping high-performance, low-priced cars out of the European market, but of checking whether there were subsidies that unfairly distorted competition. German Economics Minister Robert Habeck welcomed the announcement of an investigation. In the past, the EU had already imposed anti-dumping duties on solar panels from China, among other things. It is expected that the share of Chinese electric vehicles will increase from the current 8 percent to 15 percent in 2025.Ī so-called anti-subsidy investigation can lead to punitive duties being levied, for example. According to commission data, Chinese electric cars are typically around 20 percent cheaper than EU-made models. Numerous innovative start-ups have emerged that, according to industry experts, build excellent cars with electric drives. Thanks not least to lavish subsidies, the People's Republic has become the largest market for electric vehicles. The world markets would be flooded by cheaper Chinese electric cars. "The price of these cars is artificially depressed by huge state subsidies - that distorts our market," the top German politician told the European Parliament in Strasbourg. EU Commission President Ursula von der Leyen announced Wednesday an investigation into subsidies for automakers from China. STRASBOURG (dpa-AFX) - The EU is taking aim at state demands for Chinese electric cars.
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