Comments by "tooltalk" (@tooltalk) on "Chinese EV Zeekr Sweeps Into Europe" video.

  1. >> So European consumers are being asked to pay more by their own governments? Very interesting concept...the tariff thing. << China has it a import tariff on foreign autos. You seem to be ok when China is doing it, but not the EU, why?
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  2. ​ @WalkOverHotCoal  ​ >> The fact that the Chinese export needs to add $22,000 to satisfy the EU, tells me that European cars are far more expensive than << the most expensive component in EVs is batteries which account for up to 40% of their build cost -- and this is one single greatest factor that keeps EVs out from most drivers. China's EV subsidies at least since 2015 likewise evolved around supporting own domestic battery industry and making sure that no foreign competitors had access to their NEV market, which in turn helped accelerate mass-production, commodification of China battery industry -- and, subsequently, lower price. The EU is just playing the same game to keep out Chinese battery powered EVs while they proceed with their battery industry buildout over next few years. So no worries there, European cars would get much cheaper when the battery constrains are relieved. Biden's response, the IRA enacted in 2022, to clean energy was also mostly inspired by and based on China's highly discriminatory and anticompetitive NEV policies to keep out Chinese EV/batteries and ensure no tax rebates/subsidies to anything sourced from China. Yes, do expect the cost of EV batteries in the US to drop by 30%-40% by 2025-2026 there as well. I strongly suspect that the EU Commission knows what they are doing -- they have been carefully observing all the shenanigans China pulled to gain advantage in supply-chain and EV/battery tech, and already warned against it back in 2018 -- see the EU's WTO dispute claim against China (WT/DS549) -- "China — Certain Measures on the Transfer of Technology." They just waited long enough for Chinese EVs to hit their shore for the next move.
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