TLG - Media, page-16043

Yes and especially BYD- they will still make good profits after the tariffs. In fact with its dominance it’s main competitors aren’t exChina -they are Chinese, and those guys have lower margins ( less profit).
So bizarrely may in fact give the world’s biggest NEV producer even more dominance!
I assumed ( with others) China would target critical minerals to the EU in retaliation , but nup.
What did they do? They put huge tariffs on ICE vehicles into China, effectively wiping out those last profitable EU models .
What will that do? It’s working to Chinese dominance in critical minerals further.
If the EU want any auto industry they need to support the ex China ev material supply chain.
Relying on the ev’s themselves is complex. For eg Tesla in its Shanghai factory uses its own tech, Chinese materials, to reduce a Tesla which it exports to the EU