UK-EV Show/EU Tariffs

EU tariffs on Chinese EVs undermine industry development: insiders

  • English

Shotlist


London, UK - Recent (CGTN - No access Chinese mainland)
1. Visitors at exhibition

Luton, UK - Recent (CGTN - No access Chinese mainland)
2. Various of Vauxhall van factory of Stellantis

London, UK - Recent (CGTN - No access Chinese mainland)
3. Various of vehicles on display, visitors at expo

UK - Recent (CGTN - No access Chinese mainland)
4. Various of exterior of building with sign of Ford
5. Various of workshop, workers

London, UK - Recent (CGTN - No access Chinese mainland)
6. Various of vehicles on display
7. Discussion in progress
8. Signboard showing information of London EV Show
9. SOUNDBITE (English) Michelle Zhang, sales director, Shenzhen Sinotech Technology Co., Ltd. (starting with shot 8/ending with shot 10):
"It's affected all the industrial bases because it means it will be more expensive for the European guys to buy EV cars, to import cars from China."
10. Charging pile on display
11. SOUNDBITE (English) Carsten Astheimer, product director, ELM Mobility (ending with shot 12):
"I think there's a lot of uncertainty in the market at the moment - tariffs are fluctuating, legislation is changing. So, I think the thing that we need as manufacturers and designers and developers of electric vehicles is we need a bit of certainty."
12. Various of vehicles on display
13. Peter Chen, vice general manager, MDS, talking with visitor at expo
14. SOUNDBITE (English) Peter Chen, vice general manager, MDS (starting with shot 13):
"As you can imagine this tariff, if in place, will definitely impact the demand for EV vehicles, which in turn will, we believe, impact the demand for EV charging supplies as well."
15. Equipment on display
16. Picture showing power distribution structure
17. Various of visitors trying vehicles at expo, people talking, car on display
18. Sign of BYD

Storyline


The European Union's (EU) decision to impose definitive countervailing duties on Chinese-made electric vehicles (EVs) will increase consumer costs for Europeans and undermine the development of the sector, said industry insiders at the London EV Show, which concluded on Thursday.

The show displayed the latest technology from the EV industry, with several leading Chinese firms among the many participants.

While excitement about the future of the industry was clear among attendees, the show also came amid turmoil, tariffs, and growing tension in the industry between carmakers and governments.

There was no sign of Stellantis at this year's London EV Show, but the Amsterdam-based firm's announcement that it plans to shut its Vauxhall van factory in southern England cast a shadow over the event.

Six months ago, the company, which owns the Peugeot, Citroen, Chrysler and Fiat brands, urged the UK government to do more to boost demand to help it comply with rules requiring automakers to sell more EVs.

But now it's joining Volkswagen, Ford, Nissan and GM in cutting jobs amid softening sales of electric vehicles, which consumers see as too expensive.

On Wednesday, the managing director of Ford UK called on the government to give car buyers more incentives to purchase EVs, saying the current mandate to end sales of new combustion vehicles by 2030 "just doesn't work".

Meanwhile, China continues to negotiate with the EU after the world's largest trading bloc increased tariffs on Chinese-built EVs to as much as 45.3 percent for at least five years.

More than just an opportunity for exhibiting companies to boost sales, the three-day event was place to connect and exchange ideas on the big issues. The EU tariffs on China were among the most prominent of these.

"It's affected all the industrial bases because it means it will be more expensive for the European guys to buy EV cars, to import cars from China," said Michelle Zhang, sales director of Shenzhen Sinotech Technology Co., Ltd, a Chinese manufacturer of EV chargers and cables.

"I think there's a lot of uncertainty in the market at the moment - tariffs are fluctuating, legislation is changing. So, I think the thing that we need as manufacturers and designers and developers of electric vehicles is we need a bit of certainty," said Carsten Astheimer, product director of ELM Mobility, a company committed to zero-emission last-mile transport.

"As you can imagine this tariff, if in place, will definitely impact the demand for EV vehicles, which in turn will, we believe, impact the demand for EV charging supplies as well," said Peter Chen, vice general manager with MDS, a portable chargers maker.

As negotiations between China and the EU continue, there are fears among some European automakers that the tariffs could cause disruption to supply chains and lead to higher costs for consumers.

If that happens, it could pile extra pressure on an industry that is already struggling.

DOWNLOAD
  • ID : 8405816
  • Dateline : Recent
  • Location : United Kingdom
  • Category : economy, business and finance
  • Duration : 2'18
  • Audio Language : English/Narration
  • Source : China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2024-11-29 16:25
  • Last Modified : 2024-11-29 20:48:29
  • Version : 3

UK-EV Show/EU Tariffs

EU tariffs on Chinese EVs undermine industry development: insiders

Dateline : Recent

Location : United Kingdom

Duration : 2'18

  • English


London, UK - Recent (CGTN - No access Chinese mainland)
1. Visitors at exhibition

Luton, UK - Recent (CGTN - No access Chinese mainland)
2. Various of Vauxhall van factory of Stellantis

London, UK - Recent (CGTN - No access Chinese mainland)
3. Various of vehicles on display, visitors at expo

UK - Recent (CGTN - No access Chinese mainland)
4. Various of exterior of building with sign of Ford
5. Various of workshop, workers

London, UK - Recent (CGTN - No access Chinese mainland)
6. Various of vehicles on display
7. Discussion in progress
8. Signboard showing information of London EV Show
9. SOUNDBITE (English) Michelle Zhang, sales director, Shenzhen Sinotech Technology Co., Ltd. (starting with shot 8/ending with shot 10):
"It's affected all the industrial bases because it means it will be more expensive for the European guys to buy EV cars, to import cars from China."
10. Charging pile on display
11. SOUNDBITE (English) Carsten Astheimer, product director, ELM Mobility (ending with shot 12):
"I think there's a lot of uncertainty in the market at the moment - tariffs are fluctuating, legislation is changing. So, I think the thing that we need as manufacturers and designers and developers of electric vehicles is we need a bit of certainty."
12. Various of vehicles on display
13. Peter Chen, vice general manager, MDS, talking with visitor at expo
14. SOUNDBITE (English) Peter Chen, vice general manager, MDS (starting with shot 13):
"As you can imagine this tariff, if in place, will definitely impact the demand for EV vehicles, which in turn will, we believe, impact the demand for EV charging supplies as well."
15. Equipment on display
16. Picture showing power distribution structure
17. Various of visitors trying vehicles at expo, people talking, car on display
18. Sign of BYD


The European Union's (EU) decision to impose definitive countervailing duties on Chinese-made electric vehicles (EVs) will increase consumer costs for Europeans and undermine the development of the sector, said industry insiders at the London EV Show, which concluded on Thursday.

The show displayed the latest technology from the EV industry, with several leading Chinese firms among the many participants.

While excitement about the future of the industry was clear among attendees, the show also came amid turmoil, tariffs, and growing tension in the industry between carmakers and governments.

There was no sign of Stellantis at this year's London EV Show, but the Amsterdam-based firm's announcement that it plans to shut its Vauxhall van factory in southern England cast a shadow over the event.

Six months ago, the company, which owns the Peugeot, Citroen, Chrysler and Fiat brands, urged the UK government to do more to boost demand to help it comply with rules requiring automakers to sell more EVs.

But now it's joining Volkswagen, Ford, Nissan and GM in cutting jobs amid softening sales of electric vehicles, which consumers see as too expensive.

On Wednesday, the managing director of Ford UK called on the government to give car buyers more incentives to purchase EVs, saying the current mandate to end sales of new combustion vehicles by 2030 "just doesn't work".

Meanwhile, China continues to negotiate with the EU after the world's largest trading bloc increased tariffs on Chinese-built EVs to as much as 45.3 percent for at least five years.

More than just an opportunity for exhibiting companies to boost sales, the three-day event was place to connect and exchange ideas on the big issues. The EU tariffs on China were among the most prominent of these.

"It's affected all the industrial bases because it means it will be more expensive for the European guys to buy EV cars, to import cars from China," said Michelle Zhang, sales director of Shenzhen Sinotech Technology Co., Ltd, a Chinese manufacturer of EV chargers and cables.

"I think there's a lot of uncertainty in the market at the moment - tariffs are fluctuating, legislation is changing. So, I think the thing that we need as manufacturers and designers and developers of electric vehicles is we need a bit of certainty," said Carsten Astheimer, product director of ELM Mobility, a company committed to zero-emission last-mile transport.

"As you can imagine this tariff, if in place, will definitely impact the demand for EV vehicles, which in turn will, we believe, impact the demand for EV charging supplies as well," said Peter Chen, vice general manager with MDS, a portable chargers maker.

As negotiations between China and the EU continue, there are fears among some European automakers that the tariffs could cause disruption to supply chains and lead to higher costs for consumers.

If that happens, it could pile extra pressure on an industry that is already struggling.

ID : 8405816

Published : 2024-11-29 16:25

Last Modified : 2024-11-29 20:48:29

Source : China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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