East Rising! China’s self-developed new energy technologies are unsettling the West!

Hello and welcome to Technical Information!In today’s video, host Steffan explores a groundbreaking development that is causing concern among Western powers – China’s remarkable ascent in the field of new energy technology. China has not only taken the global lead but is on the verge of challenging Western dominance in the energy sector, moving towards self-reliance. Over the past few years, China’s new energy vehicle industry has shown impressive growth, holding the global top spot for eight consecutive years. Recent data reveals a increase in new energy vehicle exports compared to the previous year, totaling a staggering 727,000 vehicles from January to August. This growth highlights China’s thriving domestic market and raises global interest in Chinese brands. At the Munich Motor Show in Germany, Chinese companies not only doubled their participation but also showcased their leadership in batteries, complete vehicles, and artificial intelligence. This development has left a global audience astonished, with Europe feeling particularly uneasy. Europe’s response has included initiating an anti-subsidy investigation aimed at countering China’s new energy vehicle industry. This investigation questions whether China provides subsidies and considers imposing punitive tariffs. Yet, several countries, including EU member states, have implemented policies to support their own electric vehicle industries. Some view these actions as attempts to obstruct China. China’s stance is clear, expressing ’grave concern’ and ’strong dissatisfaction’ with these measures. China calls on the EU to resist trade protectionism and maintain global industrial and supply chain stability. China is also considering retaliatory actions, which could have a significant impact on European industries. Europe faces various challenges, including high energy prices, inflation, and populist demands for increased welfare. Simultaneously, European countries are strengthening economic ties with China. Germany, in particular, continues to increase its investments in China. If China takes retaliatory measures, German industries may be the first to feel the impact, ultimately affecting all of Europe.