Masses of unsold Chinese EVs are piling up and blocking European Ports

Numerous re

ports

have just emerged that Chinese cars, particularly Chinese electric ones, are clogging and

blocking

ports

in Europe. There are apparently so many Chinese cars at the moment saying that there are hordes of cheap electric cars that are worrying Europe a lot and, apparently, for a while. There are a variety of reasons that I am about to explain. Chinese EVs have been

piling

up at European ports and are basically just sitting there. Hello friends, welcome to the channel. I'm Sam Evans. You are looking at the electric Viking. It's great to see them. Thank you. To tune in now we haven't seen any response here from any of the manufacturers of these electric cars, who are the manufacturers?

Well of course you have B, there are quite a few B cars in the ports at the moment, there are vehicles from In fact several different manufacturers of mg vehicles, there are also Neo cars and even some X Punk vehicles as well as the threat of hordes of cheap clean-tech EVs made in China, has governments worried in Europe and the U.S. And the truth is, yes, I'm talking about Europe. They said that they did an official investigation and found that the Chinese government is intentionally providing direct subsidies to BMG and others, basically, to all the Chinese component manufacturers for every electric vehicle that they sell, every car that they sell in China, in Europe? they get a subsidy payment direct to their bank accounts apparently this is happening but Tesla is not receiving these payments only real Chinese companies are receiving them.

The US tariff on Chinese EVs is 27.5%, which has prevented Chinese electric cars from being sold in the United States now there. There are some that are made in China and then sold in the United States, for example, you also have electric vehicles made by General Motors that are sold in the United States, but the only reason that happens is because GM ships some of their cars Made in the United States. From the United States to China and the American government allows a one-to-one exchange, so if you sell an American-made car in China, then you can import, without any import tax, a Chinese-made car to the United States .

I think it's kind of fair trade, however there is a bit of hysteria right now about concerns that Chinese EVs will flood the global car market and basically take over car markets around the world and get rid of basically annihilating manufacturing in Europe and the United States. Senator Joshly, although he is a Republican. has introduced a bill that would increase tariffs on China's EVs to 100% to protect us auto workers from the existential threat posed by China. 100% seems ridiculous to me, that's crazy, what do you think is a good idea? seven car transport ships and in fact last time I checked there were over 130 different car transport ships being built for Chinese car manufacturers with the aim of obviously expanding overseas and now we know that China is the largest exporter of vehicles in the world, they have surpassed it.

Germany has overtaken California, it has overtaken Japan in the last 6 months, it is growing at a really fast pace and the courts have cited a Financial Times report that says Chinese manufacturers are shipping more electric vehicles to Europe. than they can actually sell, this has led to thousands of them being parked in port facilities. I have reported about this. The interesting phenomenon that b hasn't been successful in selling cars in Europe, it just hasn't worked. B is really doing it. Well, in other places like Thailand, Australia and Israel, but in Europe their vehicles have not been received as positively, so now they are starting to pile up at the ports and the port operators are not happy about the number of cars interfering with they.

In other port activities, some say that they are no longer ports, but parking lots for the newly arrived Chinese EVs, which is an interesting phenomenon, since the ports have literally become parking lots for the Chinese EVs, so Chinese EVs are flooding European ports and numerous different reporters have mentioned this, this is not something that is an isolated report, it has actually become a global story now that officials representing the ports are blaming the Chinese automakers for clogging their facilities with Chinese EVs by not arranging transportation of their cars to dealerships afterwards. They come, what happens is that Chinese manufacturers don't usually have their own dealerships, so they depend on outside dealerships to pick up the cars and that's not happening.

Executives representing the anwp port in Brues, the busiest port for car imports in all of Europe. They say the cars arrive with nowhere to go. They said car dealers are increasingly using port parking lots as storage instead of storing cars at dealerships. They pick them up at the car terminal. This is what has been mentioned in the Financial Times according to supply chain experts and automotive industry executives um in Europe Chinese car manufacturers are not selling their vehicles fast enough and some are spending up to a year and a half before find a buyer or be transported to another location.

I think I'm the only person who has reported. about the fact that Chinese EV sales have for the most part been quite disappointing in Europe, they haven't been what anyone expected them to be. Have you ever looked at B's EV sales in Europe over the last 12 months? They have been well below what was predicted. Even the UK has huge stocks of electric cars built, but they are practically idle, their car sales are actually much smaller than anyone would have expected them to be by now, nobody really knows. The whole reason for this is that their vehicles sell quite well in Europe, they have been a huge success, but it is believed that buyers in Europe are more brand conscious and are not willing to take the risk of buying a car when they don't. they know. the brand you'd never heard of before China Passenger Car Association Secretary-General Qu Dong Shu told the Financial Times that booking inland shipments within Europe has been difficult for China's automakers.

Furthermore, he noted that the current guerrilla auto export strategy that Chinese automakers are practicing has the ability to throw themselves into an unfavorable situation, honestly, this is turning into a debacle and one of the reasons is that dealers, um , as in the distributors of these Chinese electric vehicle brands in Europe, are charging quite high price premiums, so when Tesla sells its cars in another country, they almost always do it themselves, but the Chinese electric vehicle manufacturers do not They do, they sell their cars through third parties, through distributors, through dealerships that they don't actually own, so they can't control. pricing strategy and they can't actually control the results as to how many vehicles are sold, which they say is without directly offending the Chinese government.

Chinese manufacturers cannot sell the cars they make in China and that is why they are looking to Europe. to absorb excess manufacturing, even the

chinese

government believes there is some truth to this story, they have commented similarly saying EVS production well, there are simply too many vehicles being produced, new brands appear every two weeks, xiaomi, suddenly, he says they are building new factories, uh, literally, there is a new car brand that makes a huge number of cars almost every week or two, at least every month; In other words, manufacturers are producing more cars than they can sell and putting the problem on the shoulders of others. that's according to Clean Technica.

I'm not really sure that's true. I think the automakers in China, even the manufacturers think these are great cars. You know, the price is excellent. The price they sell them for, they are trying to sell them. Which means that if these Chinese EV manufacturers were selling them, if they were distributors, they could sell them at much lower prices, but that's not the case. The situation at the ports is because car manufacturers in China, such as B xun Neo, are all increasing their exports. to Europe as part of an effort to keep its factories running and capitalize on demand for low-cost Chinese EVs in the region.

I mean, that's what cleantech says, is it true? Well, the reality is that electronic vehicle manufacturers in China are trying to take over the market. Share with me, in China, that's where they go more than anywhere else, they really target the Legacy automakers in China that sell internal combustion vehicles, but the truth is there are about 90 electric vehicle manufacturers in China, There are clearly too many, I mean, even if there are. There were 90 worldwide, which would be too many for the entire world, much less one country. The number of cars exported by Chinese manufacturers to Europe is almost 60% higher this year than last year and most of those vehicles arrive at ports in Belgium and the United Kingdom.

Germany and the Netherlands but actually the only Chinese brand EVs that have taken off have been mg and the reason I think is because buyers in Europe see that mg is European and think it's a British brand even though It is actually Chinese owned, so Vehicle Minister Wang wau is more willing to buy mg, he said that the accusations of overcapacity were completely unfounded and also touted that innovation and perfect supply chains were behind of their performance. Quite the opposite, although it can be seen on the ground at Europe's port of entry. Brands like by are building teams in Europe from the ground up and dealing with real-world logistical challenges.

Those working on those logistics issues noted that they have had difficulty finding storage companies that will prioritize their vehicles, since Chinese EVs are new to the European market, and so are you. I believe that story, basically the Chinese government is saying that the only reason these vehicles are stuck in ports and not being sold to consumers is because the trucking companies are not willing to move them from the port to the dealerships. I don't believe that story, I think it's completely absurd, I think it's fantastic, you're really going to have your EV stuck in a port for a year and a half because you can't find a logistics company to move it, yeah, I don't think that's true at all, but for some people maybe there is some truth in that story.

I just think it's extremely unlikely. I think it comes down to this: Dealers are charging high premiums, so Chinese EVs are not nearly as cheap in Europe as they are in Europe. China, I mean, if the prices were, say, 10% higher than in China, I think people would be willing to take a risk because the cars are actually very good, there are a lot of people who are smart enough to know this, but the prices are No, the prices are usually double and that means that Chinese EVs are not as cheap in Europe as they should be and therefore they are also not sold as they should, but let me know what you think .

This is clearly becoming There is a bit of a problem with these EVS flooding ports in Europe. Something has to be done about this and I'm not sure what the solution will be, but something has to change. Thanks for watching.