As we all know, the vigorous development of electric vehicles in China has made the West very unhappy, and countries, including the United States, are targeting and suppressing it openly and covertly.
For example, recently the New York Times published an article saying that the development of electric vehicles in our country will threaten the "Detroit" of the United States. The article said that Ford, GM and Stellantis were in trouble, the threat of the Big Three - Chinese electric vehicles.
The rationale is that last year we sold 3 million electric vehicles, more than any other company, and now have enough capacity to produce 4 million cars a year. But that's not enough: we're building new factories in Brazil, Thailand, Hungary and Uzbekistan, which will produce more cars.
In contrast, the American one cannot. Three years ago, Ford and General Motors laid out an ambitious plan to transition to electric vehicles. But it didn't take long for them to fall on their heels. Last year, Ford lost more than $6 for every electric car sold$40,000.
It can be seen that as long as China has achieved a lot in any area, the United States cannot sit still, because China used to make toys and clothes, then electronics and batteries, and now cars and airplanes.
Of course, not only in the United States, but also in the European Union, otherwise there would be no talk of investigating the dumping of electric vehicles in China. Renault recently said that Europe is lagging behind China in accessing materials, refining and gigafactory capacity, and that it must do more "to create the power and scale that China has achieved in electric vehicles."
According to his vision, it is to set up an "automotive Airbus" to integrate the industrial chain, especially in the upstream part of the electric vehicle value chain, such as mineral procurement and production, so as to compete with Chinese companies.
Similarly, the UK is preparing to do the same thing as the EU – according to Politico, the UK is considering whether to investigate China's subsidies to electric car manufacturers.
What the UK means is that the EU is now investigating, and if the results come out and the tariffs on Chinese EVs are imposed, it will see a lot of Chinese-made EVs moving from the EU to its market, and for that, the UK will have to take action as well.
Currently, China dominates the global electric vehicle sector, with sales growing at an annual rate of 37% last year, with about 9 million new electric vehicles sold and a market share of 34%.
According to Rystad Energy research** global electric vehicle sales will reach 17.5 million units this year, with an annual growth rate of 185%。As a result, the share of new car sales for battery electric or plug-in hybrid electric vehicles will increase from 192% by the end of 2024Around 8%.
With such a big cake, global car companies will inevitably strive to grab it. Riding on the momentum of last year, Chinese automakers are aggressively expanding into emerging markets, eclipsing established Western auto companies, which will also attract more blame and vilification, which we need to face in the future.