![]() "It could ultimately work, but this must go in parallel with an active industrial policy to make sure EU industry quickly develops its competitiveness."Ĭhinese state subsidies for electric and hybrid vehicles were $57 billion from 2016-2022, according to consulting firm AlixPartners, helping China become the world's biggest EV producer and to pass Japan as the largest auto exporter in the first quarter of this year.Ĭhina terminated a generous 11-year subsidy scheme for EV purchases in 2022 but some local authorities have continued to offer aid or tax rebates to attract investments, as well as subsidies for consumers. "This is the start of a long journey," said analyst Simone Tagliapietra of think tank Bruegel. Not for a race to the bottom," she said, noting the EU did not want to repeat the experience of its solar panel industry, which was decimated by cheaper Chinese imports. Von der Leyen stressed the importance of electric vehicles to the EU's ambitious environmental objectives. ![]() Germany's car industry relies on China for a large proportion of its sales revenue and has long advocated keeping trade doors open. rival Tesla, which has cut prices several times this year even as that has eaten into its margins.īut Germany's VDA auto association said the EU must take into account a possible backlash from China and focus on creating the conditions for European players to succeed - from lowering electricity prices to reducing bureaucratic hurdles. Like other EV makers, it also faces increased pressure from U.S. Renault announced in July that it aimed to slash production costs for its electric models by 40%. ![]() From July 30 to 31, the country dispatched more than 3,000 fire commanders and thousands of service members from the People's Armed Police to participate in the rescue operations.The influx of cheaper Chinese electric vehicles has already prompted some European carmakers to take action. The All-China Federation of Trade Unions recently provided 15 million yuan (about $2 million), and The Organization Department of the Communist Party of China Central Committee provided 44 million yuan (about $6.1 million) to support disaster relief work.Ī large number of rescue forces, including units from the People's Armed Police, firemen and nongovernmental rescue teams, have been jointly involved in the rescue. On Tuesday, China's Ministry of Finance and the Ministry of Emergency Management earmarked 110 million yuan (about $15.35 million) from the central natural disaster relief fund to support rescue and relief work in the Beijing-Tianjin-Hebei region recently hit by torrential rain. Work teams have been dispatched by the headquarters to Beijing, Tianjin, Hebei, Shanxi and Henan, which have been severely affected by the heavy rain, to help with local flood prevention. On Monday night, the State Flood Control and Drought Relief Headquarters, together with the Ministry of Water Resources and other departments, further deployed flood prevention and disaster relief work in affected areas in the Haihe River Basin. The flood control in the Haihe River Basin, China's largest water system in northern China and one of the seven major rivers in China, has entered a critical period as 13 rivers, including the mainstream and tributaries of the Yongding River, had exceeded warning levels by Monday.Īreas around the Haihe River Basin is densely populated as it runs through Beijing, the capital of China, Tianjin, the Hebei, Shanxi, Shandong, Henan and Liaoning provinces, and the Inner Mongolia Autonomous Region. So far, the trapped passengers have been safely rescued. Three trains bound for Beijing had been stranded in Beijing's Mentougou District since July 30 due to flooding and mudslides, during which the stranded passengers' food and drink were bought by the crew and rescuers nearby. In order to prevent flooding, Beijing opened the water gate of the Beijing section of the Yongdinghe River on Tuesday. On July 31, the water of the Yongding River surged, and the raging river led to the collapse of the Xiaoqinghe Bridge in Beijing. The rushing flood caused by the heavy rain swept away cars, turned roads into rivers, triggered mudslides, and caused water and power cuts and communication signal interruptions. As of Tuesday, a total of 11 people had died and 27 others remained missing in Beijing, according to local authorities. Floods in many places in Hebei Province and the southwest of Beijing have caused casualties and property losses.īeijing has been drenched with rain in recent days, with the heaviest rainfall since records began 140 years ago, the China Meteorological Administration stated. Triggered by Typhoon Doksuri, torrential rains have battered northern China and the Huang-Huai region since July 29, causing water levels to rise in major rivers.
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