red dog casino no deposit bonus
powerballresultstonight|Interview: Protectionism wrong approach to dealing with China's EV industry: German expert
super 2024-06-16 23:03:13
16

FRANKFURTpowerballresultstonight, June 16 (Xinhua) -- Protectionism is the wrong approach to dealing with the rise of China's electric vehicle (EV) industry, and would be detrimental to European automakers, a German expert in the field has said.

European countries will emerge as the losers if the European Union (EU) imposes additional tariffs on Chinese electric vehicles in the EU, warned Ferdinand Dudenhoeffer, director of the Center for Automotive Research (CAR) in Bochum in a recent interview with Xinhua.

In the event of "decoupling," automakers in the EU will "go directly" to invest in China, which has leading technology and innovation, Dudenhoeffer argued. He is convinced that German carmakers, as global players, will continue their "strong cooperation" with China.

Dudenhoeffer recently wrapped up a visit to China, and said he was impressed by the dynamism and fast development of the auto industry there.

Sales of new energy vehicles (NEVs) in China, including battery electric vehicles, hybrid electric vehicles and fuel-cell electric vehicles, surged 37.9 percent year-on-year to about 9.5 million last year, compared with just 75,000 a decade ago, according to the China Association of Automobile Manufacturers.

The pace of development of the new energy sector in China puts the world in a better position to tackle climate change, according to Dudenhoeffer.

The scale of the new energy vehicle market in China has allowed automakers in the country to bring down production costs, a competitive edge European automakers do not currently have, Dudenhoeffer said.

As China is in a leading position to drive forward the development of EV industry globally, the expert said that German automakers have been increasing their investments in China, where cost advantages and cutting-edge technologies are available.

powerballresultstonight|Interview: Protectionism wrong approach to dealing with China's EV industry: German expert

The EU will also damage their business by imposing additional tariffs on EVs made in China, he said, adding, "It will hurt our cooperation with China. It will hurt ourselves. So it's a tragedy for the German car industry."

According to statistics from the European Federation for Transport and Environment, around 20 percent of all-electric cars sold across the EU last year, or 300,000 units, were made in China. More than half of them come from Western carmakers, such as Tesla, Dacia and BMW, which produce them in China for export.

With the world currently facing the daunting task of fighting climate change, Dudenhoeffer believes that cooperation and partnership with China is very important.

Related recommendations
powerballresultsfortoday2021payoutstoday|Jordan launches initiative to support amputees in Gaza
powerballresultsfortoday2021payoutstoday|Jordan launches initiative to support amputees in Gaza
A boy from Gaza, who lost an arm and two legs in an Israeli raid, practices with prosthetic limbs at King Hussein Medical Center in Amm...
playtoearncryptogamesonmobile|Villagers dry agricultural products in county of Yichun, E China
playtoearncryptogamesonmobile|Villagers dry agricultural products in county of Yichun, E China
Villagers dry agricultural products in Lutian Village of Tonggu County, Yichun City, east China's Jiangxi Province, on Augplaytoearncry...
SafariSpinSafari|Across China: Wetland tourism heats up in China's "ice city"
SafariSpinSafari|Across China: Wetland tourism heats up in China's "ice city"
HARBINSafariSpinSafari, Aug. 26 (Xinhua) -- While many Chinese cities are still battling the summer heat, citizens in Harbin, northeast...
luckotheirishmegaways|Explainer: China pilots housing pension system to enhance people's living quality
luckotheirishmegaways|Explainer: China pilots housing pension system to enhance people's living quality
BEIJING, Augluckotheirishmegaways. 26 (Xinhua) -- China is piloting a housing pension system in 22 cities including Shanghai, which aim...
fatcrashbandicoot|Senior CPC official meets Cambodian deputy PM
fatcrashbandicoot|Senior CPC official meets Cambodian deputy PM
Li Ganjie, a member of the Political Bureau of the Communist Party of China Central Committee and head of the CPC Central Committee's O...
cryptop2e|China vows to cultivate high-quality teachers to strengthen education sector
cryptop2e|China vows to cultivate high-quality teachers to strengthen education sector
BEIJING, Augcryptop2e. 26 (Xinhua) -- China has vowed to strengthen its teaching workforce by cultivating more competent and high-quali...
daiwawindcastdeadbait300|Netanyahu warns of further action after "preemptive" airstrikes in Lebanon
daiwawindcastdeadbait300|Netanyahu warns of further action after "preemptive" airstrikes in Lebanon
JERUSALEMdaiwawindcastdeadbait300, Augdaiwawindcastdeadbait300. 25 (Xinhua) -- Israeli Prime Minister Benjamin Netanyahu warned Hezboll...
bestgamingcryptotoinvestin2022|Chinese vice premier stresses high-quality development of commercial spaceflight
bestgamingcryptotoinvestin2022|Chinese vice premier stresses high-quality development of commercial spaceflight
HAIKOU, Augbestgamingcryptotoinvestin2022. 25 (Xinhua) -- Chinese Vice Premier Zhang Guoqing has emphasized promoting high-quality deve...
mirrorcarp|Four technological developments to spur momentum for new quality productive forces: Kevin Kelly
mirrorcarp|Four technological developments to spur momentum for new quality productive forces: Kevin Kelly
HARBIN, Augmirrorcarp. 25 (Xinhua) -- Developments in energy networks, robotic tasks, real-time language translation and accelerated in...
casinoholdem|Chinese swimmer Sun Yang wins first gold after long suspension
casinoholdem|Chinese swimmer Sun Yang wins first gold after long suspension
Gold medalist Sun Yang(C), silver medalist Xu Haibo(L) and bronze medalist Xu Yizhou pose for group photos during the awarding ceremony...
热榜