Only 18.4 billion in new restrictions!Turkey is more than the EU?

Mondo International Updated on 2024-01-30

With the increasing global awareness of environmental protection and the call for sustainable development, the new energy vehicle market has risen rapidly. Tesla, the world's largest electric vehicle manufacturer, has always held a leading position in the market. However, as one of the world's largest automotive markets, the development of China's new energy vehicle industry has also attracted much attention. Local Chinese brands such as BYD have also achieved great success in this area. However, due to the concern of some countries about the rapid growth of Chinese automakers, they have continuously introduced restrictive measures, which have caused great restrictions on the overseas layout of China's new energy vehicles. Against this backdrop, Turkey's new restrictions have attracted widespread attention and are considered more excessive than those in the EU. This article will examine this issue from different perspectives.

Turkey recently announced a new regulation that imposes restrictions on the import of new energy vehicles overseas. According to this regulation, every EV brand that wants to enter the Turkish market needs to set up a call center and have 140 authorized service stations, and these requirements must be completed by December. If these conditions are not met, the product will not be officially sold, even if you are able to obtain a license file. This is clearly a targeted restrictive measure for Chinese automakers. It is worth noting that the new regulations make it clear that European automakers are exempt from this restriction. In the first 10 months of this year, Chinese manufacturers received only 1$8.4 billion in import targets. It can be said that Turkey's practice of restricting China's new energy vehicles is unfair and has caused great distress to Chinese automakers.

1. Turkey's concerns and practices

Turkey's new restrictions are largely driven by concerns about the rise of new energy vehicles in China. Turkey's local NEV brand Togg has received a $1.2 billion subsidy program and tax breaks, which can be understood as an attempt to protect local industry. However, restricting the entry of new energy vehicles in China is not the fundamental solution to the problem. At the same time, China's new energy vehicles have made tremendous progress in terms of technology and market, especially with companies such as CATL and BYD becoming global industry leaders. It must be understood that Turkey wants to develop easy-to-use new energy vehicles, and cannot bypass China's technology.

2. The impact of unfair treatment

Turkey imposes taxes and fees of up to 40% on new energy vehicles in China, compared to 10% in other countries, which limits the choice of local consumers. By restricting and suppressing China's new energy vehicles, Turkey is trying to gain more R&D time and market share for local companies. However, a great product itself does not need to be advertised. Huawei's 5G technology is a good example of this, and despite the restrictions imposed by some countries, its technological leadership has been recognized globally. Similarly, the development of China's new energy vehicle industry will not be hindered by some small tricks. The scale and potential of the Chinese market are sufficient to support R&D investment and the healthy development of the industry. Therefore, Turkey's restrictive measures will only weaken its competitiveness in the field of new energy vehicles.

China's new energy vehicle industry is an area that has attracted much attention and is full of potential. With the advancement of technology and the promotion of the market, China's new energy vehicles will achieve rapid development. For Chinese automakers, expanding overseas markets is the only way to enhance brand influence and achieve long-term development. However, we cannot enter the market blindly, and the cooperation must be mutual. Therefore, after the Huawei incident, Chinese companies began to focus on technology research and development, and sought opportunities in the global market, rather than relying on a specific market. Chinese enterprises can learn from Huawei's development strategy, which is not only to stay ahead in terms of technology, but also to focus on brand building and market layout. In this way, China's new energy vehicle industry will be able to achieve long-term and healthy development.

China's new energy vehicle industry is rising rapidly and has achieved a world-leading position. However, some countries have imposed various restrictions on the import of new energy vehicles in China out of their own interests. Turkey's latest restrictions have attracted widespread attention, but they have had a limited impact on the development of China's new energy vehicle industry. Chinese companies have huge advantages in terms of technology and market, and restrictions will only slow down the market process and will not change the development trend of China's new energy vehicle industry. Chinese enterprises should keep up with the pace of technological development, pay attention to brand building and market layout, and achieve the development goal of globalization through scientific and technological innovation and international cooperation.

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