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Path: news.eternal-september.org!eternal-september.org!feeder3.eternal-september.org!i2pn.org!i2pn2.org!.POSTED!not-for-mail From: ltlee1@hotmail.com (ltlee1) Newsgroups: soc.culture.china,alt.politics.usa Subject: Re: What a $15,000 Electric SUV Says About U.S.-China Car Rivalry Date: Fri, 16 May 2025 13:38:54 +0000 Organization: novaBBS Message-ID: <b9a7b02c68d5a83552be5f9a02301ab6@www.novabbs.com> References: <2c21729ed1338c6c30b15aa9bb636036@www.novabbs.com> MIME-Version: 1.0 Content-Type: text/plain; charset=utf-8; format=flowed Content-Transfer-Encoding: 8bit Injection-Info: i2pn2.org; logging-data="602144"; mail-complaints-to="usenet@i2pn2.org"; posting-account="pxsmGrN7Y7mF0hfJcY//7F6kiWqDRq/tZN4FOOcim3s"; User-Agent: Rocksolid Light X-Spam-Checker-Version: SpamAssassin 4.0.0 X-Rslight-Site: $2y$10$6UGxm5nM1DMOWivEoA4DWew54iJVoxH3XQpBFUpvmZTW49jbagarq X-Rslight-Posting-User: 0099cdd7dc5bd7b25c488bf8bcfab81a117b2ffc Trump does not seem to believe climate change and green energy. Europeans have a different view. Cidob (Barcelona Center for International Affair) had a piece this May (originally in spanish) which Google translated English title is “Green Soft Power.. China’s New Strategy in Europe” “By increasing investment in green technology in Europe, China has been able to improve its image in various European countries, creating jobs and offering quality products at competitive prices. Beyond the offices of Brussels, various local and central governments of European states have strengthened relations with China through this sector. In recent years, China has positioned itself as a major green power, generating soft power that has helped it rebuild ties with a Europe with similar climate goals. Private Internationalization, Geopolitical Gains In the last five years of cooling political relations between the EU and China, the electric vehicle sector has been central to maintaining economic relations between the two powers. By 2023, investments in the EV field already accounted for 70% of China’s foreign direct investment in Europe. China’s new green manufacturing in Europe has been largely concentrated (85%) in the battery sector, with new factories announced in recent years in countries as diverse as Hungary, France, Germany, Slovakia, Spain, and Poland. Furthermore, the European Union is already the largest export market for EVs manufactured in China. This internationalization of companies in the electric vehicle sector in Europe was not a premeditated strategy by the Beijing government, but was initiated primarily by the Chinese private sector, due to the high level of domestic competition in the Asian country. After years of highly successful industrial policy, China has established itself as a major electric vehicle power, producing 60% of the world’s EVs and 80% of batteries. Both local companies such as BYD and foreign companies producing in China, such as Tesla, have benefited from China’s industrial policy, generating fierce internal competition despite the market distortions that public subsidies and aid often generate. China has also positioned itself as a major hub for high innovation in batteries, which currently represent more than a third of the cost of an EV.” (Google translated English version) https://prod.cidob.org/publicaciones/soft-power-verde-nueva-estrategia-china-europa