US and Europe accuse China of overproduction and dumping electric cars on global market
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13 днів томуThe US and Europe have accused China of overproduction and dumping electric cars on the global market.
More than half of all new electric cars sold worldwide are from China and it can make them cheaper and faster than its competitors.
Europe is investigating putting tariffs on Chinese electric vehicles and the US have called them an 'existential threat' to America's auto industry.
Read more: news.sky.com/story/theres-a-n...
#skynews #carproduction #china
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@jubnaa 11 днів тому
capitalist countries complaining about capitalism.
@Xcelcior6780 11 днів тому
😂😂😂so true
@pallascat1743 11 днів тому
Right? What happened to the idea of healthy capitalist competition? It's the premise we are told that makes capitalism so great.
@r1pperuk 11 днів тому
I know...that headline is so confusing lol.
@agathachristieblack5crypto467 11 днів тому
Exactly 😂😂😂😅
@burns281981 11 днів тому
At what point did zero product quality become the major driving part though? China made is a curse.
@yeetian2774 11 днів тому
When China was making shoes and socks the US and Europe never complained about “overproduction or dumping”
@niceguy76 10 днів тому
and underwears 😂😂
@rpatel0074able 9 днів тому
Exactly, that's my point also
@yeetian2774 9 днів тому
@@rpatel0074able they will say the same to India when India becomes a manufacturing powerhouse
@rpatel0074able 9 днів тому
nope- india is largest democratic government-mother of all democracy- no spying from India on usa not like china
@saidibrahim5931 8 днів тому
😂😂😂😂
@marduk3633 11 днів тому
western countries are afraid of competitive markets? its not democratic
@burns281981 11 днів тому
More so the cheap made China made products.
@neilnelson7603 11 днів тому
Their democracy needs to be re-evaluate
@burns281981 11 днів тому
@@neilnelson7603 please learn to speak English for the English website.
@ShadowPhoenixMaximus 11 днів тому
There is nothing competitive about the CCP. Cheap slave labour, stolen IP, heavily discounted export costs and more all lead to a predatory form of sales. For example Temu is designed to destroy small businesses in the West by flooding the market with extremely cheap goods that they have no hope of competing with. This isn't the early 2000's where the CCP could take advantage of the West, whilst painting them as the chief enemy to a domestic audience.
@user-sk2hc9lm9r 11 днів тому
They went from being 'democracies' to 'Plutocracies' where the Oligarchs rule ,decades ago. But they still pretend to be Democracies to keep the majority fooled.
@DannyChean 11 днів тому
0:36 "And companies in the west are worried they can't compete " - Why is this China's problem?
@kevint1160 10 днів тому
Because the shareholders won't be happy and C-suite won't get more obscene bonuses on top of their already obscene bonuses.
@Shrooms247 10 днів тому
Because it’s state-sponsored and co-ordinated, weaponising of the capitalism model. Also Xi has a huge personal stake in it. Subsidise, build cheap, flood overseas markets, destroy local competition. Rinse and repeat.
@Shrooms247 10 днів тому
State sponsored and conscious decision by CCP to flood overseas markets. Capitalism weaponised. Xi had huge personal stake in green tech too. This trend already seen in other industries.
@zacksmith5644 10 днів тому
@@Shrooms247 good No one cares If china can make better products . Let them.
@zacksmith5644 10 днів тому
@@Shrooms247 that's tesla subsidised Lockheed Martin bombs subsidised Entire wars subsidised by usa uk Europe We are happy to buy chinese products
@vandevonshuaibaliyakubu5268 11 днів тому
Anytime China is leading in something the western world starts going against them😂
@burns281981 11 днів тому
If the quality is China made, then ya it should be pointed out how garbage it is.
@sessy4088 10 днів тому
It called jealousy
@zacksmith5644 10 днів тому
@@burns281981 prove it
@jogana6909 9 днів тому
US ban Huawei, ban tiktok, ban DJI drones, ban chinese EVs, ban anything US can't compete with.
@elbahry3399 8 днів тому
Similar to Huawei... Similar to 5G... Similar to Tiktok...
@gingarrison104 11 днів тому
For sky news, a day without cursing China, is a day wasted
@vicoob9983 9 днів тому
😂😂😂lol
@Cosmicmiind 8 днів тому
Couldn’t agree more 👏👏🤣🤣🤣👍👍
@ulyssis 7 днів тому
Rupert Murdoch owns this news outlet.
@WorldSpaceRace 6 днів тому
Since a decade ago
@Mr11ESSE111 5 днів тому
they learn from Serpentza
@frankiedehockie 11 днів тому
As an economist, it’s a strange concept that each country should only produce what its market can consume. If that is the case, why do we have trade?
@lessdatesmoreonmyplates1457 11 днів тому
Because the entire system is rigged so that everything is overpriced for an eternity and everyone is in permanent debt.
@WalkOverHotCoal 10 днів тому
Not strange at all because China didn't follow the rules written by the US.
@DavidKnowles0 10 днів тому
China electric car production is still well below their fossil fuel cars yearly sales. So the idea they are over producing is nonsense.
@jeffjones114 9 днів тому
its just propaganda being spun by western news media influenced by expensive lobbyists
@ocanica3184 9 днів тому
Because it has nothing to do with economics but maintaining the interests of politicians and connected "capitalists".
@richardmarsden5610 11 днів тому
U.S. overproduction of debt and bonds is the biggest problem.
@thinkingaloud5379 11 днів тому
When they had excess capacity and China was poor and struggling, did they slow down for China?
@agathachristieblack5crypto467 11 днів тому
Nope‼️🤣
@mal7916 11 днів тому
They did. US imposed lower import taxes to help China before Trump. But that's none of my business.
@neilnelson7603 11 днів тому
@@mal7916"trust me bro" sources don't work anymore, bro.
@ShadowPhoenixMaximus 11 днів тому
Is that why the CCP still masquerades as a "developing country" in order to secure millions annually from the WTO?
@zacksmith5644 10 днів тому
Nope @@mal7916
@fortunekamanga 11 днів тому
Capitalism at its finest
@BencerCourt123 7 днів тому
Hypocracy at its best
@walterdayrit675 2 дні тому
And the sheer irony of capitalist countries complaining to a communist country for being an expert at capitalism. 😂😂😂
@hugm4339 11 днів тому
Very disgusting accusation.
@ShadowPhoenixMaximus 11 днів тому
A very good accusation. The CCP has bargained on Western ignorance for too long.
@zacksmith5644 10 днів тому
@@ShadowPhoenixMaximus which country is named west Point it on the map I bought chinese ev byd seal btw I prefer quality
@zacksmith5644 10 днів тому
@@ShadowPhoenixMaximusdon't care If china makes better products. We ll buy them
@ShadowPhoenixMaximus 10 днів тому
@@zacksmith5644 The collective West. Ask your wumao little pink friends to find it, they whine so much about the West they should have no problem identifying it.
@litowsean9724 11 днів тому
At least they are producing cars instead of tanks, ammunitions...
@ongsengfook 11 днів тому
China only exports less than 20% of their NEV. G7 and its allies export 70% of their cars. It's underperforming Gangster 7 group. Yet they labeled China as overcapacity.
@AzharKhan-cy5kt 11 днів тому
why complain every time china china china .... just admit your incompetency .... change the word hypocrisy in your dictionaries and name it Euro-US
@kevint1160 10 днів тому
It is because American companies work for their shareholders. While Chinese companies do things that make the best profits and also the government direction.
@happymelon7129 10 днів тому
@@kevint1160 95B, Taxpayers have lost again, taxation without representation Persons in Congress should wear the logo of their sponsors like NASCAR drivers do.
@AzharKhan-cy5kt 2 дні тому
@happymelon7129 the main sponsor will be AIPAC and i bet most of the AIPAC members are investors or affiliated with military complex
@mrakronyahoo 11 днів тому
If there was really dumping of EVs, why are EVs still so expensive here?
@JoeyBlogs007 11 днів тому
Cost of shipping transport and middle man importer profit margin.
@JoeyBlogs007 11 днів тому
Plus the law of demand Vs supply.
@barneymagee3285 11 днів тому
Because all the woke virtue signallers still buy them…..😂
@CattleFarmer667 11 днів тому
Why sell cheaper when there isnt much competition?
@JP-mg5hv 11 днів тому
Ora 03 on lease is cheapest EV in the market. Cheaper than a petrol 208
@craighillcoach 11 днів тому
They always use the word cheap to try and make it seem like it's trash! The real word is inexpensive!
@angec.4757 11 днів тому
Also 'affordable' or 'good value'
@IsaacTui 4 дні тому
Typical word play from propagandists
@josephkamau9741 11 днів тому
Eu and us are investing in wars while china is investing in production. What did they expect? They spent trillions on wars, sanctions then blame china😂😂😂
@Herodotus__ 11 днів тому
Isn't that what capitalism is all about!
@lessdatesmoreonmyplates1457 11 днів тому
That's what they feed to the sheeple. What it's really about is monopolies and total market domination.
@XTSu-sl1bb 11 днів тому
Communist China, that’s not forget that. When they’re strong, they will take what they want.
@sultanmswahilitv4864 10 днів тому
Pure jealous from US and Europe😂
@dengist8172 11 днів тому
That's probably true, but don't US and Europe literally do the same things in other industries?
@DARKGAMING-lg2qf 2 дні тому
They are over represented in the military killing industry
@geopoliticsfan 11 днів тому
I have no words for double standard western countries. 😊😊😊
@bobdoe38 11 днів тому
Hey we don’t want that in the U.S. consumers are happy to pay for overpriced vehicles 😂😅
@lessdatesmoreonmyplates1457 11 днів тому
Exactly! Affordable and well build cars? NO THANKS! Give me that overpriced bare bones SUV with a 1.5l engine for $45.000 pls 🤩🤩
@happymelon7129 10 днів тому
😂CC commitment ? 29-3-2024, Biden’s $7.5 billion investment in EV charging has only produced 7 stations in two years. After two years, that program has only delivered seven open charging stations with a total of 38 spots where drivers can charge their vehicles, according to a spokesperson for the Federal Highway Administration. (The funding should be enough to build up to 20,000 charging spots or around 5,000 stations, according to analysis from the EV policy analyst group Atlas Public Policy.)
@cyberpunk1234 11 днів тому
It wasn't long ago a 60 inch tv was 5000 dollars at Best Buy. And Sony priced themselves into oblivion. When Chrysler is asking over 50 grand for a Jeep, things need to come way down.
@byrne1916 11 днів тому
Seen a 60inch TV the other day for 600 euro... 50inch was 450... There wasn't even a sale and the shop is a rip off. First plasma tv in my country was 50,000euro 😅
@cyberpunk1234 11 днів тому
@byrne1916 Ironically the only mass produced electronic to really inflate is a flagship phone. Almost 2000 dollars for an s24 ultra in Canada, way more than a 50 inch tv, and more than most laptops. crazy expensive.
@byrne1916 11 днів тому
@@cyberpunk1234 they claim it's because of lack of chips and putting up the price "relieves demand 😂 There's a climate catastrophe too, but when China sells solar panels for 25% of the price, EU considers banning them. It's all a hustle man.
@willeisinga2089 11 днів тому
Thank China for Affordable Electric Cars. Clean Air Blue Sky Health Better Life.
@abhijithshivaswamy7962 9 днів тому
Isnt dumping "cheap green technology product" good for the world?
@seanoduinn5638 11 днів тому
The big worry for Gemany is they can no longer overcharge for their cars anymore, if i was buying an EV id go out of my way to buy a Chinese one.... Hypocrites
@YinYangInvestor 10 днів тому
All of a sudden, it's not about climate change anymore :)
@earlvarner9479 10 днів тому
The funny thing is US and EU are protecting their low tech car brands.
@MUHAMMADHAMZA-jy1lu 11 днів тому
West has started panicking
@abc98127 11 днів тому
Eu and us focus on Israel and Ukraine and China is leading Global Business
@fpking7531 11 днів тому
borrow a quote here: % of the cars produced are exported. Germany: 75% South Korea: 70% Japan: 50% China: 15% U$ : China has overcapacity. Cars per thousand people (from Wiki) USA >900 Australia, France >700 Japan, Germany >600 Korea ~500 Malaysia, Brazil >400 Mexico, Russia >300 Thailand, Turkey ~270 --->> China ~238 U$ : China has overcapacity. Yellen should lecture them the $ printer has overcapacity.
@MUHAMMADHAMZA-jy1lu 11 днів тому
Well said. Quote borrowed.
@Sash52 11 днів тому
😂😂😂what's wrong with competition. Good for end user.
@lw3649 9 днів тому
Everyone can tell US cars are over priced. It's not that Chinese cars are cheap
@neilnelson7603 11 днів тому
A communist beating capitalists at their own game
@Johntor8888 11 днів тому
new word: Unfair, IP theft, Now: overcapacity.... Next: ????
@lessdatesmoreonmyplates1457 11 днів тому
LOW QUALITY!!! Meanwhile the Chinese cars are up to par with European cars and in more cases now even out do them when it comes to quality lol...
@harshildhaduk3766 7 днів тому
Western countries are unable to compete with china😂😂😂.
@BabaYaga826 11 днів тому
Today, car no longer for Elite only. Now everyone can afford to own an EV from China's. Thanks China.
@richardmarsden5610 11 днів тому
Overcapacity of whinging at others by the Yanks.
@datianlongan5567 11 днів тому
I am hoping "overcapacity" & "intense competition" will eventually mean affordable automobiles (50% off current price) for average Americans
@user-xg5oe9qy6q 11 днів тому
They are helping the common man! ❤
@kanavaro2010 11 днів тому
What about Apple and Microsoft overproduction ?
@Zer0JusTice-qh8bc 11 днів тому
Great , one day I may afford an EV at an affordable price. Rather than the overpriced cars in Europe
@bigd3470 11 днів тому
There worried about loosing all there profits and having to lower the prices of the very expensive cars all I can say is China keep up the good work bringing affordable cars to the market
@kakilander3238 11 днів тому
Theres just no satisfying some countries wow. UK is pushing for EV's hard but theyre overpriced and Taxed heavily. The world pushes for more EV cars for cleaner energy: China: "Ok sure we'll work with that, make it as cheap as we can so everyone can access them" US and Europe: "Err no, only we should profit from this"
@charlenefrench5404 11 днів тому
It's going to tank their industry. Loss of jobs etc. 😮
@pyschointellectual 11 днів тому
Us and Europe cant keep up and its getting them upset
@earlvarner9479 10 днів тому
They're lagging behind in technology.
@ThomasOrtlaufpg 11 днів тому
Free trade was good as long the US and Europe dominated the markets; now that they are facing a serious competitor who is beginning to outperform them they are falling back into their old European mercantilist way of thinking and are putting down the shutters.
@sirusvirus9650 11 днів тому
Capitalists complaining about Competition 😂😂😂 to Communists 😂😂😂... 😅😅😅
@xcc154 11 днів тому
Very well done China. It is free market in a free world.
@danielwhyatt3278 11 днів тому
This is absolutely insane. It’s really telling when countries that are supposed to be pro-protecting the environment, are against another country and producing the vehicles that are supposed to be better for it. I’m against the Chinese communist party and don’t want to support them, but even I know the planet as a whole is more important and I would be totally willing to buy one of these cars if it falls within my price range, versus ludacris prices For EV we are still expected to pay some companies here in the West.👌🏼 Give me one.
@windsong3wong828 9 днів тому
Don’t be so hard on the CCP. The CCP had brought 800 mil Chinese out of poverty. China per capita was the same as India in 1949, now it is 5 times higher. The CCP have 90 mil members in China and they are the country’s elite. The CCP had build China with patriotic bureaucrats that are smart and not corrupted. As compared to many third world country. I am a Malaysian and I travel to China often for hols. The CCP practices modern socialism that lifted the country. No homeless, mandatory education, cheap university fees , universal healthcare etc .
@TuxedoPanther 11 днів тому
Good, we need competitive prices and affordable electric cars, instead of lining the pockets of Elon Musk and his investors. Let China compete for the green tech, we need it.
@HenryKing679 11 днів тому
😂😂😂 the US and EU jist cant compete with China anymore😂😂😂Now China has got them by the throat,and people will just buy cheap EV from china😂
@jmkminh3595 10 днів тому
The question to ask: is it a good or bad thing for the consumers ?
@z-9884 10 днів тому
“They can build them cheaper and quicker” isn’t that what we want? What a joke. If it was an American company they would be praising them.
@russellfreestone8580 11 днів тому
Excellent well done, 🇨🇳 China. A government with a clear plan and focus. For the Western countries, they got what they wanted. Cheap EVs.
@jayhorton4088 10 днів тому
America is just jealous 😂
@alipaf2002 11 днів тому
I have sat in BYD and Tessla, BYD is really good.
@easwaransanthakumar297 10 днів тому
US should stop printing excess dollar notes.
@jordansyoutube2139 11 днів тому
We need a price drop then 😂😂😂
@shedopaulo3291 11 днів тому
Up your ante in competition stop smearing China with false narratives
@andilemtshe9063 10 днів тому
So they can't compete now they are crying 😂😅😂
@livingstonmech4250 11 днів тому
😂😂😂 fear fear
@belizarius_997 11 днів тому
Meanwhile the "budget" ID3 costs 40k EUR. Lawl.
@riccccccardo 11 днів тому
😂
@user-mt5vj3pr9y 2 дні тому
Really? ID3 only cost 16K EUR in China, and seller says that the sales did not meet expectations.🤔
@riccccccardo 2 дні тому
@@user-mt5vj3pr9y cos it’s a trash car.
@mehdikhider1891 7 днів тому
They are accusing china of making too many cars!!!??????
@danieljamescornthwaite4729 11 днів тому
What happens to climate changes I think when it comes to competition they forget about climate changes 😂😂😂
@siemen7800 11 днів тому
usa and europe should wake from sleep that now is 2024 and not 1950. Hallo ...
@xman1533 7 днів тому
They are busy printing dollars for BB and Zelensky 😂
@johnhemryjson8673 11 днів тому
The bully hate losing
@enochrichard9146 10 днів тому
Now I can afford a car. Thank God
@jimwhite1756 11 днів тому
If this is true, isnt this good news for US consumers and their environment? The west had the same misguided attitude when the japanese start to build better cheaper vehicles in the 80's. Partner up with China rather than try to compete.
@gregmaurice379 10 днів тому
😂 China was too Polluted , Remember ? Now CHINA is Too GREEN 💚 😂
@Hypocrites-507 11 днів тому
These hypocrites complain about environment China overproduction of EV n solar panels more cheap n reliable EV so many people can afford to drive n put solar panels more vis better 😂😂😂
@neric37 11 днів тому
Incapacity to challenge overcapacity.
@ishakkyusuf8784 10 днів тому
US and Europe accuse China of overproduction😂
@OlaOla-so3il 7 днів тому
So bad news is China making EV more affordable for the average buyer? Their helping us meet carbon zero sooner?
@harwinderkumar7939 10 днів тому
China at its best , others will complain
@Sara_Kuster 11 днів тому
WTF is overproduction 😂😂😂😂 just say jealous
@jaker3151 11 днів тому
Western countries/companies have been outsourcing manufacturing of everything from socks to iphones to China for decades. It's a bit late complaining or doing anything about it now.
@sujithdsk6305 11 днів тому
Never heard before that words can put national security at risk 😂😂 Over produuction Over developemt Over rich Over intelligent
@ethzero 8 днів тому
Gotta love propagandist words like "overproduction" and "dumping".
@reivell3699 7 днів тому
This is plaza accord all over again, but luckily, unlike the Japanese, Chinese people does not bow down.
@JW-xr9kb 10 днів тому
should we talk about the overproduction on weapons and dollar paper?
@Andy-pz1pl 11 днів тому
That is called competition which these losers Western countries forgot about it!
@rambodas2 11 днів тому
Seriously US 😂
@carlmorris7723 11 днів тому
It’s called business 🙈
@lucasmokou1676 8 днів тому
The Chinese have done their homework and that's a bitter pill to swallow for the west
@garfield2742 11 днів тому
When communist country doing capitalism better than capitalist country.
@xerianzakarias5359 4 дні тому
Just increaase the tariffs!
@jamie-ox8sg 11 днів тому
Isn't that the whole point if buissness flood the market with your product
@pleongv1 3 дні тому
A strange way to complain things are too cheap 😂… they love to pay expensive
@atky7032 7 днів тому
Most important is people being happy about cheaper cars. That's what matters right?
@WhatIsGoingOnPPL 8 днів тому
So what, they are banned in countries where people can afford them.
@awareofvacuity4238 9 днів тому
Rather have a cheaper Chinese car than a grossly inflated price of a European 'heritage' brand that's designed to last as long as a three year lease.
@russel242 День тому
There is no competition. There is a market for disposable cars. this is just like the bike sharing strategy
@margsritavargas5339 9 днів тому
But in U.S.A. are forbidden
@pevlez 6 днів тому
Their "free market" practices have come back to bite them
@doultonevans 2 дні тому
Let’s see where those parts come from 3 to 4 years in office the life of that car
@Nachscrach День тому
Every single car maker in the world gets government support by direct means or tax redemption
@u2ber888 7 днів тому
Tension? WTH? Isn't it a fair competition?
@ChocoLater1 11 днів тому
Capitalism. No not like that.
@keangwooichoo6138 4 дні тому
How come the price by dealers are not cheaper?
@kevinmjomba3394 10 днів тому
China only exports a fraction of the cars the produce, Germany exports nearly 70 % 9f their cars , Japan almost 50% percent😂so anyone with two brain cells can see through this 'overcapacity' nonsense 🤦🏾♂️😂the world needs electric vehicles💁🏾♂️😂
@rizalalejandro1917 10 днів тому
Their local cars are being bought because of obsolescence. Now they cry dumping 😮
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