CHINA Just STOPPED Shipping RAW MATERIALS to the U.S. & Will Shut Down the AUTOMOTIVE INDUSTRY!

CHINA Just STOPPED Shipping RAW MATERIALS to the U.S. & Will Shut Down the AUTOMOTIVE INDUSTRY! #chinanews #chinaautomotive #chinaupdate Mainland The world’s second-largest exporter of automobiles was China last year, and with domestic vehicle sales slowing, it may overtake the United States as the top exporter by 2023. Welcome everyone, in today’s video; we’re going to tell you CHINA Just STOPPED Shipping RAW MATERIALS to the U.S. & Will Shut Down the AUTOMOTIVE INDUSTRY! To maintain their success in the European market, Chinese automakers are enhancing their technology, design, and production procedures, capturing market share in new geographies, and addressing challenges with brand awareness. But before we proceed the further video, if you’re new to this channel, remember (go ahead and) to hit the bell icon to subscribe, so you won’t miss the informative videos we will upload in the future CHINA Just STOPPED Shipping RAW MATERIALS to the U.S. & Will Shut Down the AUTOMOTIVE INDUSTRY! Mainland The fast-growing automotive sector in China threatens to unseat established global legacy automakers by entering export markets. Through the first quarter of 2023, it overtook Japan to become the world’s top exporter of vehicles, overtaking Germany, which had previously held the No. 2 position. Can it keep that advantage for the remainder of the year? Chinese manufacturers are nevertheless wary of political risks and regulatory difficulties as they explore various international markets. According to data from China’s General Administration of Customs, the country exported million automobiles in 2022, with a 57 percent increase rate from the previous year. More than one-fourth of all exports were battery-electric vehicles. The rate hasn’t slowed down yet this year, with export volume soaring by 76 percent from January to April 2023 to reach roughly 1.5 million automobiles. Chinese automakers took advantage of the scarcity of chips and other essential components in the dispersed supply chains of the venerable Western OEMs to experience rapid expansion. While Western automakers were forced to reduce production, several Chinese automakers had access to a whole industrial chain, which enabled them quickly boost capacity. Strong vehicle exports from China have also aided in the country’s auto industry’s ability to withstand the effects of domestic demand for new automobiles declining. China’s new car industry is predicted to continue to experience challenges due to economic uncertainty and weak consumer spending in the upcoming quarters, placing pressure on domestic automakers to find new export markets. SAIC Motor and Chery currently hold the top two positions in terms of export volume, however BYD and Geely are stepping up their export activities. The present goal of BYD is to penetrate markets where there is currently an instant demand for new-energy vehicles, particularly in regions where there are subsidies, purchase tax reductions, or tariff reductions. The BYD network has grown from its launch locations in South Asia and South America to the Middle East and Europe by collaborating with skilled foreign distributors. world news cars in china china cars in america china cars china car chinese car electric car inside edition material transfer carts china electric car china mini ev car electric car market mini ev car manufacturer from china china vs philippines army china electric vehicles shipping to china