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The United States has long considered China its number one economic enemy on earth. And wherever they can, they tighten the screws on Middle Kingdom affairs. But then
Now the US authorities, somewhat moved by reason regarding the environmental agenda, are doing their best to encourage an increase in the share of electric vehicles and hybrids in the country’s fleet. But for Chinese car brands, the road to the rich North American market is, figuratively speaking, littered with barbed wire, traps and wolf dens.
The AvtoVzglyad portal has already told how, despite everything, the Chinese managed to infiltrate this “bastion” through the production of batteries for the “future American car market”: electric vehicles. After all, more than 60% of the world’s lithium batteries for electric trains are produced in the same People’s Republic of China, as well as 70% of the synthetic graphite required for battery production.
This means that every hybrid or electric Korean car also contains parts from a Chinese supplier. Everything would be fine, but for a company that is going to sell promising cars in the most beautiful market in the world – in the USA – this is like death.
The fact is that several years ago, in order to combat Chinese economic influence, the Yankees passed a law according to which a joint venture in which more than 25% of the shares belong to a Chinese owner is classified as a “foreign entity of concern” . .” That is, absolutely all foreign car brands in the United States now (in fact) cooperate with such “troubling” companies. It turns out that from next year they can no longer count on preferences from the country’s authorities. For example, a special tax discount.
Thanks to this, the sales price of an electric car in the showroom is reduced by $ 7,500. They will also be excluded from the additional ‘state cashback’ program for any electric train buyer. From January 1, 2024, it will earn $7,500 for the buyer of a new car, and $4,000 for a used car.
Which, in particular, will lead to a collapse in sales of electric vehicles from Korean brands in America. And as the overseas authorities systematically strangle cars with internal combustion engines, the prospects for the “Asians” on the North American continent become illusory. The problem is so acute that Hyundai Motor Group, along with the battery divisions of Samsung and LG, have written a letter calling on the US government to delay the introduction of a law on subsidies for car companies that leave behind everything Chinese .
A kind of cry from the series “what are we for?” And for that! Unlike the rest of the world, the Chinese have made the right choice by buying up deposits of lithium and rare earth metals around the world. And also to develop the production of components for ‘green energy’. While the West and its satellites were enthusiastic about plans for a ‘green transition’ and invented laws for this.
And now, businessmen from the People’s Republic of China are quietly grinning as their economic enemies from the US, Japan and Korea (as well as Europe!) try to jump out of the arms of the ‘ecological stranglehold’ they have diligently imposed on themselves. the past 15-20 years.
Now the US authorities, somewhat moved by reason regarding the environmental agenda, are doing their best to encourage an increase in the share of electric vehicles and hybrids in the country’s fleet. But for Chinese car brands, the road to the rich North American market is, figuratively speaking, littered with barbed wire, traps and wolf dens.
The AvtoVzglyad portal has already told how, despite everything, the Chinese managed to infiltrate this “bastion” through the production of batteries for the “future American car market”: electric vehicles. After all, more than 60% of the world’s lithium batteries for electric trains are produced in the same People’s Republic of China, as well as 70% of the synthetic graphite required for battery production.
This means that every hybrid or electric Korean car also contains parts from a Chinese supplier. Everything would be fine, but for a company that is going to sell promising cars in the most beautiful market in the world – in the USA – this is like death.
The fact is that several years ago, in order to combat Chinese economic influence, the Yankees passed a law according to which a joint venture in which more than 25% of the shares belong to a Chinese owner is classified as a “foreign entity of concern” . .” That is, absolutely all foreign car brands in the United States now (in fact) cooperate with such “troubling” companies. It turns out that from next year they can no longer count on preferences from the country’s authorities. For example, a special tax discount.
Thanks to this, the sales price of an electric car in the showroom is reduced by $ 7,500. They will also be excluded from the additional ‘state cashback’ program for any electric train buyer. From January 1, 2024, it will earn $7,500 for the buyer of a new car, and $4,000 for a used car.
Which, in particular, will lead to a collapse in sales of electric vehicles from Korean brands in America. And as the overseas authorities systematically strangle cars with internal combustion engines, the prospects for the “Asians” on the North American continent become illusory. The problem is so acute that Hyundai Motor Group, along with the battery divisions of Samsung and LG, have written a letter calling on the US government to implement a law on subsidies for car companies that abandon all Chinese set.
A kind of cry from the series “what are we for?” And for that! Unlike the rest of the world, the Chinese have made the right choice by buying up deposits of lithium and rare earth metals around the world. And also to develop the production of components for “green energy”. While the West and its satellites were enthusiastic about plans for a ‘green transition’ and invented laws for this.
And now, businessmen from the People’s Republic of China are quietly grinning as their economic enemies from the US, Japan and Korea (as well as Europe!) try to jump out of the arms of the ‘ecological stranglehold’ they have diligently imposed on themselves. the past 15-20 years.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
