China emerged as one of the world’s top car exporters in 2023, powered by its massive push for electric vehicles. Buoyed by years of heavy government investments, subsidies, and manufacturing rebates, Chinese automakers have flooded overseas markets as global EV demand continues to rise. In Q4 2023, China’s BYD even outsold Tesla in sales volume for the first time.

Amid the advent of Chinese brands like NIO and Xpeng, the European Union launched an antisubsidy investigation into China’s EV trade practices in late 2023. The move prompted swift retaliation from China, sparking concerns about a trade war.

00:00 China’s growing dominance in EVs
01:30 Chinese EV quality sees rapid growth and demand
03:40 BYD’s global presence in the clean tech sector
04:28 China government support for automakers
06:55 Pushback from the European Union
08:55 A potential ChinaEurope trade war?

WATCH MORE When Titans Clash

Part 1: China vs The West: Does Trade War Spell End To MadeInChina Goods? | When Titans Clash 3 Part 1/2
   • China vs The West: Does Trade War Spe...  

Part 2: New Economic World Order? Industrial Policies & DeRisking From China | When Titans Clash 3 Part 2
   • New Economic World Order? Industrial ...  

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About the show: As derisking deepens, China’s economy loses billions in investments. Is this the end of madeinChina, and the rise of new manufacturing powerhouses like India and Mexico? What is the new form of globalisation that is emerging?
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