The influx of Chinese electric cars into Europe will impact Germany's core industry The influx of Chinese electric cars into Europe will impact Germany's core industry

The influx of Chinese electric cars into Europe will impact Germany's core industry

The influx of Chinese electric cars into Europe will impact Germany's core industry

Chinese goods are pouring into the European market in large quantities, and the first batch of affected industries in Germany have already taken shape. Experts estimate that trade tensions may intensify.

According to the German "Le Monde" report, sales of electric vehicles, consumer goods and industrial products in China have stagnated, and state-owned enterprises have overcapacity. China’s plan is to flood the European market with these products. The first signs have appeared in Bremerhaven. The cargo ship "BYD Explorer 1" docked in Bremerhaven a few days ago.

The white freighter is 200 meters long. Opening the large hatch at the rear, 3,000 electric vehicles from Chinese manufacturers are gradually disembarking.

Reports say that technically they are at least on par with most German cars, but in terms of price, they are sometimes significantly cheaper. This is a precursor to launching an attack on Germany's core industry, the automobile industry. It is reported that BYD alone plans to invest in seven more cargo ships in the next few years to transport vehicles from Asia to Europe.

In the near future, a wave of industrial products may spread from China to Germany, forcing businesses and politicians to find new answers to the challenge.

According to reports, products from China no longer only involve steel batteries and solar panels. On these products, China has undisputedly dominated the market for many years with its unrivaled prices. At the same time, China's increasing investment in mechanical engineering is putting increasing pressure on European manufacturers.

China cannot rely on a sharp increase in domestic demand as real estate and stock prices continue to fall, unsettling Chinese consumers and undermining their buying sentiment. The remaining options are to increase industrial production and increase exports.

The extent to which China's supply exceeds domestic demand can be seen in electric vehicles. It is reported that Chinese manufacturers can produce about 50 million vehicles per year, but domestic demand may only be 23 million vehicles.

8 Comments

  1. China cannot rely on a sharp increase in domestic demand as real estate and stock prices continue to fall, unsettling Chinese consumers and undermining their buying sentiment. The remaining options are to increase industrial production and increase exports.

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