[ad_1]
The "war" between the United States and China, triggered by the increased export tariffs of US President Donald Tramp, affects the auto industry, but some automakers have found ways to lighten the losses
pixamay.com
These moves have had a particularly negative impact on Tesla and BMW, which produce tens of thousands of vehicles a year in the United States.
They have found the solution to this situation by increasing investments in the opposite camp in China, which, unlike the United States, has relaxed its statutes vis-à-vis foreign companies.
Up to now, foreign manufacturers have been able to manufacture their cars in China only in partnership with local companies in a range of 50 to 50%. Since 2022, this rule has been abolished.
For this reason, BMW has already announced that it would become the first foreign majority owner of a Chinese company after reorganizing its ownership structure at Brilliance China Automotive Holdings.
On the other hand, Tesla announced the construction of a Chinese Gigafactory plant, which will have a capacity of 500,000 vehicles per year.
BMW will produce its current Series 1, Series 2 Active Tourer and some Series 5 versions of its Chinese company.
As for Tesla, the factory in China will drastically reduce the price of vehicles on this market. Teslini cars currently in China cost 70% more than in the United States.
In response to the recent increase in export duties, Tesla raised the price of Model S and Model X for over $ 20,000.
!
[ad_2]
Source link
