Unsold Chinese EVs Are Piling Up At Ports

[silvrsvt]

https://jalopnik.com/unsold-chinese-evs-are-piling-up-at-ports-1851415290

 

https://europe.autonews.com/automakers/chinese-ev-imports-massing-european-ports-sales-slow {paywallled)

[jpd80]

Mostly at European ports, looks like a mixture of falling buyer interest in them possibly 

exacerbated by reductions in subsidies. The other looming issue here is that the EU

takes a dim view of manufacturers that seem to be “dumping” vehicles into its market,

something that could be made worse if Chinese EVs have discounted prices to move them

 

[silvrsvt]

1 hour ago, jpd80 said:

Mostly at European ports, looks like a mixture of falling buyer interest in them possibly 

exacerbated by reductions in subsidies. The other looming issue here is that the EU

takes a dim view of manufacturers that seem to be “dumping” vehicles into its market,

something that could be made worse if Chinese EVs have discounted prices to move them

 

The US Government has already warned Mexico not to offer Chinese Auto makers any incentives to build plants in its country also, since both the EU and NA are pushing back on the Chinese dumping product in both markets because of weak demand in China. 

[Gurgeh]

11 hours ago, jpd80 said:

Mostly at European ports, looks like a mixture of falling buyer interest in them possibly 

exacerbated by reductions in subsidies. The other looming issue here is that the EU

takes a dim view of manufacturers that seem to be “dumping” vehicles into its market,

something that could be made worse if Chinese EVs have discounted prices to move them

 

EU authorities are also reacting to the many billions of dollars in Chinese government subsidies that have gone into BYD and every other part of the Chinese EV industry. They only like that sort of thing when it is Airbus.

[jpd80]

6 hours ago, Gurgeh said:

EU authorities are also reacting to the many billions of dollars in Chinese government subsidies that have gone into BYD and every other part of the Chinese EV industry. They only like that sort of thing when it is Airbus.

Correct, the EU is very protective of its own market, this is turning into a giant mess..