Germany's New Policy Benefits Chinese Automakers, Electric Vehicle Subsidies Open to Chinese Brands!
On January 20, Bloomberg reported: "Germany announced a 3 billion euro electric vehicle subsidy plan yesterday. The plan includes all automakers of Chinese brands. This is a revitalization measure after the subsidy ended at the end of 2023 and electric vehicle sales dropped sharply. Germany said there are no location restrictions and is willing to face competition directly. This decision benefits Chinese companies such as BYD. Although there is a minimum price set, Chinese companies can still be profitable. However, the subsidies in the UK and France exclude Chinese electric vehicles through environmental standards."
[Witty] Once the global industrial power, Germany now has to open the door for Chinese automakers to save its market in the electric vehicle race. Saying it is confident and ready to face competition, it is actually out of helplessness because its domestic industry cannot support the market. The UK and France play double standards on environmental issues to exclude foreign cars. The EU even first imposes tariffs and then discusses the pricing mechanism, revealing hypocrisy. Former industrial powers, facing the solid strength of Chinese electric vehicles, lose their technological advantages and resort to trade measures. In the end, they cannot resist the real choice of the market. This awkward situation is more embarrassing than losing the competition!
Original article: toutiao.com/article/1854791730217996/
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