Re:BYD Overtakes Tesla as Most Popular EV Maker
by Goodroo on Saturday December 30, 2023 @03:48PM
(#38818960)
German auto firms sell more cars in China than in Europe or the US.
European Protectionism would hurt German cars as China would retaliate.
In fact Chinese cars like NIO and BYD would benefit from the move at they would now have a 27 million car market for themselves.
That's not going to happen. The German industry itself doesn't support protectionism because virtually all carmakers are heavily invested in the Chinese market both for its consumers and for manufacturing.
Audi last year alone invested 3 billion in a new factory in Changchun[1] together with FAW. Anti-subsidy investigations from the EU are not going to result in any major trade issues.
[1]https://www.audi-mediacenter.com/en/press-releases/cornersto...