BYD Seal Wins a Japan Car of the Year Award — 1st Chinese Car to Achieve This! - CleanTechnica
BYD Seal Wins a Japan Car of the Year Award — 1st Chinese Car to Achieve This! - CleanTechnica
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! BYD news has been flying in. Here are a few more stories. BYD Seal Wins Prestigious Japan Car of the Year Award BYD is on a roll, but even with that said, I was ... [continued]
Meanwhile EU and especially US are trying to tariff them to death.
The EU tariffs supposedly reflect the level of government subsidies. So depending on that the rates vary typically between 15 to 30%.
This is not like the 100% tariff in USA. Byd is in the lower end with 17%.Byd has even stated it doesn't matter much in the long run, because they are moving large parts of production to Europe anyway.
https://www.reuters.com/business/autos-transportation/chinas-byd-warns-eu-tariffs-will-raise-prices-deter-buyers-2024-10-14/For the EU, car manufacturing is 7% of the GDP, so of course where they can't compete they think to stifle their rivals. For the US though, it's only 3%, so I don't think it's beneficial at all, not even through blinkered lenses, they just want to maintain an illusion of dominance, which is a shame as these tariffs both in Europe and the US come at the cost of progress.
For the EU, car manufacturing is 7% of the GDP,
I'm surprised, but it checks out with a quick check:
https://www.statista.com/statistics/1128973/revenue-motor-vehicle-manufacturing-european-union/
Annual revenue of the motor vehicle manufacturing industry in the European Union €1.2 trillion (2022)
https://en.wikipedia.org/wiki/Economy_of_the_European_Union
GDP $19.4 Trillion. (2024)
So although the numbers are not the same year, it's just below 7% comparing 2 years apart. So close enough IMO.
they just want to maintain an illusion of dominance, which is a shame as these tariffs both in Europe and the US come at the cost of progress.
Who's "they" and what companies are you even referring to here? The US only has 3 remaining domestic companies, GM, Ford, and Tesla while the rest here are foreign companies like Honda, Toyota, Kia, etc. You're telling me that every major auto manufacturer in the world outside of China is being held back from progress due to some tariffs in two markets? That's quite the claim.
What's the cost to progress when these Chinese EVs that sell way below cost put all those other manufacturers out of business? You're demanding a monopoly under the guise of increased innovation. Monopolies stifle innovation.