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Kam sun Leong
China Observer
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Comments by "Kam sun Leong" (@kamsunleong6648) on "Shanghai Volkswagen Plant Permanently Closes! Unstoppable Foreign Withdrawal, an Era Ends" video.
German automakers are in big trouble. VW are closing some of their factories back home, for the first time in their history. Germany saw the writing on the wall. They actually oppose EU intention to impose more tariffs on Chinese imports.
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Economy going to the toilet but hundreds of thousands of Chinese tourists have gone to Europe, Asean and Down Under to enjoy their golden week holiday. Sure
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Yet BYD alone sold more than 3 million evs last year and 2.7 million upto Sept this year which includes 33k overseas. Proof is the pudding. They are affordable and reliable. No wonder US and Canada had to rush to impose 100% tariff to protect their own car industry.
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VW is sinking. They are closing some factories back home as well, for the first time in their history. They know the writing is on the wall. Why do you think Germany is against EU intention to impose more tariffs on Chinese ev imports.
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