Translated material
China does not cope with car export
Demand for cars from China around the world is growing faster than the possibility of shipping cars for export, reports South China Morning Post (SCMP). China car manufacturers have been providing the country with the first place in the rating of exporters, but they still do not have enough ships to send them by sea.
The companies began to create their own fleet of ships in order to depend less on independent carriers and save on expenses. Journalists note that the lack of ships is most noted in the European direction - Chinese shipyards are forced to produce ships with a record pace in order to be in time for increasing demand.
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Journalists report that an increase in the production of transport ships is one of the priorities of the Chinese authorities. They believe that consolidating the leadership positions in the global car market will help Beijing keep control of world transportation.
Earlier, The Wall Street Journal reported that the growth of car exports from China caused the adoption of prohibitive tariffs in the United States even under the previous President Joe Bayden. They expressed concern in the European Union-an investigation began against Chinese companies in Europe because of the too large, according to the EU, subsidies from the Chinese state.
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The Chinese company BYD has practically equal to the world leader in the sale of electric vehicles by the American company Tesla, which is forced to reduce its employees due to a fall in sales. The total export of cars from China continues to grow - in 2024, the country put 23 percent more cars on the world market than in 2023.
The Economist reported that the United States and European countries are afraid of possible mass contractions at local manufacturers, as well as dependence on Chinese batteries. At the same time, journalists noted that China’s subsidy was also aimed at the production of electric vehicles, the sale of which in the world will continue to grow due to environmental legislation in Western countries. “If China wants to spend money on subsidizing world consumers and accelerate the energy transition, this will be the best answer,” concluded in The Economist.
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