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european car company executives: tariffs on chinese electric vehicles hurt european companies

2024-09-02

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[global times reporter tang yarenzhong] swedish electric car manufacturer polestar said on august 29 that the eu and the united states' imposition of import tariffs on chinese-made electric cars will hurt european companies. according to reuters, polestar's chief financial officer ansgar told analysts in a conference call that he attended a meeting with the european commission that day to discuss electric car tariffs. he believes that the european commission cannot protect european industry by imposing tariffs because it will hurt companies that invest in technology and create jobs in europe.

polestar is a swedish electric car brand founded by volvo and geely group. reuters said that as of august, many of polestar's main electric cars were produced in chinese factories.according to the latest eu tariff plan, polestar's products will be subject to a 19.3% tariff. however, its suv model polestar 3 has been put into production at volvo's south carolina plant in early august for the us and european markets. after canada announced the imposition of tariffs on chinese electric vehicles, polestar told reuters that it was evaluating the situation. when asked whether it had confirmed that the us factory would supply products to canada, the company did not elaborate.

spain's vanguard reported on august 29 that the "most logical solution" for chinese electric vehicles to enter the european and american markets seems to be to build cars directly locally. he xiaopeng, ceo of chinese electric car manufacturer xpeng, recently expressed his intention to implement "made in europe" in an interview with bloomberg. vanguard said this shows that chinese manufacturers are prepared to compete not only on price, but also on innovation and quality.

"'china revolution': why are china's electric cars so cheap while europe can't compete?" columbia automotive reported on august 31 that in the dazzling global auto market, china has become the undisputed leader in the development, production and sales of electric vehicles.the key to this success is the dual low cost of purchasing the vehicle and energy consumption. compared with european products, the price of chinese electric vehicles is much lower.for example, you can find many electric cars in the chinese market for less than 10,000 euros. the operating costs of electric cars in china are also much lower than those of fuel-powered cars. in china, the electricity cost per kilowatt-hour is about 0.4 yuan, which means that an electric car only costs 2.5 euros to travel 400 kilometers. in contrast, electric cars in europe are still considered luxury goods.

the report said that the eu's tariffs on chinese-made electric vehicles have made it difficult to "import affordable electric vehicles from china." in contrast, electricity in europe is much more expensive than in china. electricity prices in countries such as spain are 3 to 4 times higher than in china, and 6 to 8 times higher in germany. this comparison shows that europe has not effectively solved the energy transformation problem in the transportation industry.

columbia automotive network said that if europe wants to compete with china, it needs to consider implementing more effective incentives, such as tax cuts. the popularity of electric vehicles can drive investment in key infrastructure such as public transportation networks, which will not only benefit europe's domestic automobile manufacturing industry, but also promote renewable energy, create jobs and sustainable economic growth.