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Audi Stuck With Low Returns on Rising Europe, China Competition

  • China became the world's largest car exporter in 2023 by shipping 5.26 million vehicles abroad, surpassing Japan and the West.
  • This shift followed 15 years of Chinese government subsidies, infrastructure investments, and focused support for companies like BYD.
  • BYD exceeded Tesla's Q4 2023 electric vehicle sales, producing at unmatched scale from its large Zhengzhou factory and benefiting from government aid.
  • Chinese EVs sell for 30-40% less internationally while offering competitive technology, prompting U.S. And EU tariffs up to 100% and supply chain investments.
  • Observers warn China could dominate the EV supply chain by 2030, and failure to counter this may cause Western industries significant setbacks.
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hoimapost.co.ug broke the news in Uganda on Sunday, May 4, 2025.
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