According to calculations, Turkey is one of the producers most supported by the Chinese state. BYD is coming.
Kiel Institute, based in Germany, is the shining star of the automobile industry. BYD company from the Chinese government in 2020 $236 millionin 2022 $2.26 billion revealed that he received direct subsidies. In this respect, “China heavily subsidizes green technology sectors, but domestic electric vehicle company BYD is the favorite child in this regard” comments are made, the company It is among the information that it has received a total of 3.7 billion dollars in direct support so far.. Thanks to this support, we are able to produce vehicles with high price-performance ratio and to be in the electric car market. Tesla The company, which was able to be successful by going up against a big rival like this, leaves its competitors in China significantly behind thanks to this investment. The brand, which is expected to win the electric car race and has demonstrated a tremendous performance in this regard so far, also reaches great sales figures in many markets with its vehicles with internal combustion engines.
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Before that, Chinese Commerce Minister Wang Wentao, had talked about the extra tax requested in the USA and Europe for electric cars. If you missed it, there has been a huge increase in recent years, especially in Europe. There is a Chinese auto boom. European Commission President Von der Leyen, who did not like this situation, said at the end of last year that Brussels was disrupting the European market. He announced that he would launch an anti-subsidy investigation into Chinese-made electric vehicles.. Von der Leyen on this subject, “Global markets are now flooded with cheaper Chinese electric cars, whose prices are kept artificially low by massive government subsidies. “This situation is disrupting our market.” he said.
This issue came to the fore again in recent months because authorities, after months of investigation, He said he had found evidence that China was “unfairly” subsidizing electric vehicles exported to Europe.. As far as reported, due to this situation, “retroactive” customs duties may be imposed on electric vehicles brought from China, and extra taxes may be imposed thereafter. The entire automobile world is closely following the process, which will end in November. It is known that European officials have been in China for a while and have been conducting on-site inspections.
The last person to bring this issue to the agenda was Chinese Trade Minister Wang Wentao. The Minister said that the rapid rise of the country’s electric vehicle companies is not due to government subsidies, but to the constantly developed new technologies, that is, basically innovation. he said. Evaluating the claims of the USA and Europe against its companies as unfounded, Wentao stated that the Chinese electric vehicle industry not only has a positive impact against climate change, but also makes a significant contribution to green and low-carbon transformation.