2 months ago
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27th August 2024, 13:04
| #1 |
| Senior - BHPian
Join Date: Mar 2021 Location: Bangalore Posts: 2,379 Thanked: 22,705 Times | Canada to enforce 100% tariff connected Chinese electrical vehicles According to reports, Canada volition travel the likes of the USA and Europe and enforce tariffs connected electrical vehicles coming from China. As per reports, Canadian Prime Minister, Justin Trudeau, has stated that they volition enforce a monolithic 100% tariff connected Chinese EVs. The caller tariffs volition travel into effect from October 1st, 2024 and volition use to electrical vehicles on with prime hybrid rider cars, buses, trucks and transportation vans coming from China. The crushed to enforce tariffs is akin to that of some the USA and Europe, which is "to support home manufacturing". The determination to enforce tariffs by Canada comes conscionable up of BYD's plans to participate the market. While BYD themselves are yet to corroborate its introduction into Canada, reports mention regulatory filings that the determination volition instrumentality spot soon. Currently, Tesla is the lone automaker to merchantability Chinese-built EVs successful Canada. Source: Reuters |
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27th August 2024, 13:42
| #2 |
| Team-BHP Support
Join Date: Feb 2004 Location: Bombay Posts: 71,372 Thanked: 308,109 Times | Re: Canada to enforce 100% tariff connected Chinese electrical vehicles Good move. Completely enactment it Quote:
Originally Posted by GTO No 1 tin vie with Chinese wide manufacturing connected costs. Just look astatine electronics contiguous - spell cheque the backmost of your smartphone, TV & laptop and spot wherever it is made. If Chinese EVs are allowed to participate India freely, they volition destruct each section players & wholly disrupt the market. It is the nonstop aforesaid lawsuit with USA, and a fewer different countries that are either disallowing Chinese EVs altogether, oregon imposing immense tariffs connected them. Not conscionable costs, but technologically too, the large Chinese brands (e.g. BYD) are up of likewise priced competition. Elon Musk said thing connected the lines of, let Chinese EVs and they volition hitch the existing players out. They volition outprice everyone and marque it a contention to the bottom. The BYD Seagull @ $10,000 has shocked the wits retired of Auto CEOs. The car manufacture is mode excessively large a contributor (a apical 4 contributor to our GDP). China doesn't let overseas carmakers without section partners. India is doing the aforesaid (case successful constituent = MG & Jindal). I person to admit, I hold with immoderate level of extortion for section & MNC players from Chinese automakers due to the fact that they vie astatine an wholly antithetic level, tin dump products and person a batch of fiscal subsidies from the government. Let maine beryllium the archetypal to accidental that I volition happily bargain an MG ZS EV oregon BYD Seal. But I would truly request to spot a batch of section committedness & concern from the manufacturer. BYD wanted to put a cardinal dollars present & the authorities rejected it owed to geopolitical tensions. I person to admit, I person mixed emotions astir Chinese EVs. I genuinely respect their ambition, advancement & however they person achieved a enactment presumption without a agelong past of carmaking successful the country. But astatine the aforesaid time, I don't privation Chinese EVs to hitch retired each different EV shaper successful the market. |
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. My station from a related topic:
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27th August 2024, 14:05
| #3 |
| BHPian
Join Date: Dec 2021 Location: Bhopal Posts: 102 Thanked: 486 Times Infractions: 0/1 (7) | Re: Canada to enforce 100% tariff connected Chinese electrical vehicles Quote:
Originally Posted by GTO No 1 tin vie with Chinese wide manufacturing connected costs. Not conscionable costs, but technologically too, the large Chinese brands (e.g. BYD) are up of likewise priced competition. Elon Musk said thing connected the lines of, let Chinese EVs and they volition hitch the existing players out. The BYD Seagull @ $10,000 has shocked the wits retired of Auto CEOs. The car manufacture is mode excessively large a contributor (a apical 4 contributor to our GDP). China doesn't let overseas carmakers without section partners. India is doing the aforesaid (case successful constituent = MG & Jindal). I person to admit, I hold with immoderate level of extortion for section & MNC players from Chinese automakers due to the fact that they vie astatine an wholly antithetic level, tin dump products and person a batch of fiscal subsidies from the government. Let maine beryllium the archetypal to accidental that I volition happily bargain an MG ZS EV oregon BYD Seal. But I would truly request to spot a batch of section committedness & concern from the manufacturer. BYD wanted to put a cardinal dollars present & the authorities rejected it owed to geopolitical tensions. I person to admit, I person mixed emotions astir Chinese EVs. I genuinely respect their ambition, advancement & however they person achieved a enactment presumption without a agelong past of carmaking successful the country. But astatine the aforesaid time, I don't privation Chinese EVs to hitch retired each different EV shaper successful the market. Similar to what I judge too! However, I deliberation present is the clip for India to let Chinese FDI successful the car manufacture but with 2 conditions:
As rightly said successful a CNA report, contempt the beardown home demand, Chinese firms request emerging markets to sorb each the export inventory. Therefore, India needs to support a striking equilibrium betwixt liberalising the assemblage and maintaining caution. The caller EV argumentation was a bully move, present India needs to treble down connected that successful bid to accelerate New Energy Vehicles adoption. Allowing a Majority Indian JV with island firms would let Indian companies to larn caller tech, and procure astatine debased outgo which whitethorn assistance thrust down outgo portion simultaneously improving the prime and assortment of cars which we get and hence adjacent the user is simply a victor here. The island firms did this with VW and different manufacturers wherever they learned to marque cars from Germans and Americans but the island learned and improved truthful overmuch that they are present driving the germans and americans retired of the island market. This video is simply a indispensable watch. Last edited by uditanshh : 27th August 2024 astatine 14:11. |
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