BYD, Geely And Other Chinese EV Makers Make A Strong Showing At Frankfurt Trade Fair Amid Restrictions From EU, US, Canada
BYD, Geely And Other Chinese EV Makers Make A Strong Showing At Frankfurt Trade Fair Amid Restrictions From EU, US, Canada
Automechanika's director, In a bold move to counter domestic profitability challenges and global trade barriers, nearly 900 Chinese auto suppliers and several EV manufacturers are showcasing their products at a Frankfurt trade fair.
爲了應對國內盈利挑戰和全球貿易壁壘，將近900家中國汽車供應商和幾家電動車製造商正在法蘭克福貿易展上展示他們的產品。
What Happened: Chinese automakers like BYD (OTC:BYDDY) (OTC:BYDDF), Geely (OTC:GELYF), Hongqi, and GAC International are set to present their vehicles at the Automechanika fair. This marks a new trend for the event, which has traditionally been a platform for suppliers.
消息摘要：比亞迪（OTC:BYDDY）,吉利（OTC:GELYF）,紅旗和廣汽國際等中國汽車製造商將在Automechanika展覽會上展出他們的車輛。這標誌着這個活動的一個新趨勢，傳統上該活動是一個供應商的平台。
Despite the emergence of trade barriers in Europe and North America, aimed at limiting the influx of China-made EVs, China's auto sector continues to invest heavily in overseas expansion. The "EV Expo", which opens on Tuesday, was established in partnership with the China Council for the Promotion of International Trade.
儘管歐洲和北美出現了限制中國製造電動汽車進口的貿易壁壘，但中國汽車行業仍在海外擴張上大舉投資。星期二開幕的「電動汽車博覽會」是與中國國際貿易促進委員會合作共同建立的。
Automechanika's director, Olaf Musshoff, expressed at a press conference, "We want EVs made by Chinese carmakers which are currently to some extent unknown to gain trust in the industry."
Automechanika的主任Olaf Musshoff在一次新聞發佈會上表示:「我們希望中國汽車製造商生產的電動汽車能夠在行業中獲得信任，而目前這些製造商在一定程度上還相對較爲陌生。」
Moody's data shows that the auto sector's share of China's total outbound investments rose from 16% in 2018 to 22% in 2023, and car exports have hit record highs this year. The significant presence of Chinese suppliers at the fair, almost double the number of German suppliers, highlights their expanding role in the global supply chain. Chinese automakers are increasingly planning local production in Europe and other regions to circumvent trade tariffs limiting imports.
穆迪的數據顯示，中國汽車行業在2018年的中國對外投資總額中所佔的份額從16%增加至2023年的22%，今年汽車出口達到歷史新高。與德國供應商相比，中國供應商在這次展會上具有重要代表性，幾乎是德國供應商數量的兩倍，凸顯了他們在全球供應鏈中日益擴大的作用。中國汽車製造商越來越規劃在歐洲和其他地區進行本地生產，以規避限制進口的貿易關稅。
Why It Matters: The Chinese auto industry's move to expand globally comes in the wake of European Commission's additional tariffs of up to 37.6% on EV imports from China in July. The tariffs were a response to concerns that state-subsidized, cheaper EVs from China could push domestic players out of the market. The EU's steps are similar to the ones taken by the U.S. and Canada to restrict access of Chinese EVs into these markets.
爲何這個消息很重要：中國汽車行業全球擴張的舉措正是作爲對歐洲委員會今年7月份對從中國進口的電動汽車徵收高達37.6%的額外關稅的回應。這些關稅是對中國以國家補貼爲後盾、價格更低的電動汽車可能推動國內企業退出市場的擔憂的回應。歐盟的舉措與美國和加拿大采取的限制中國電動汽車進入這些市場的措施相似。
In response to these tariffs, Chinese EV manufacturers began exploring Africa as a potential market. However, China also voiced strong opposition to these tariffs in August, labeling them as "unfair" and assuring its commitment to safeguard its EV industry against such actions.
作爲對這些關稅的回應，中國電動汽車製造商開始探索將非洲作爲一個潛在的市場。然而，中國也於八月份對這些關稅表示強烈反對，將其稱爲「不公平」，並保證致力於保護自己的電動汽車行業免受這些行動的侵害。
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Photo via Shutterstock
圖片來自shutterstock。
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本報道使用Benzinga Neuro生成，並由Pooja Rajkumari編輯
譯文內容由第三人軟體翻譯。