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Episode #181 - China Stimulus, Congrats to BYD, Biden Admin Restrictions
Manage episode 446825333 series 3594265
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Tu and Lei spend the first few minutes of the podcast updating about the policy changes coming out of a major Chinese govt meeting that are meant to stimulate the Chinese economy and some of the reactions from the external non-Chinese financial institutions reactions to those new stimulus policies.
Tu asks Lei to go over some of the vehicle launches that happened that week continuing the barrage of introductions from Chinese EV makers which, in large part, is why the legacies are struggling to keep up. Tu compares and contrasts that with the still very few clearn energy vehicles that are entering the US market.
Tu changes gears to congratulate BYD on producing their 9 milionth vehicle. He then talks about how meaningful that is and how it was accomplished in such a short period of time relative to earlier milestones.
Tu and Lei move to unpacking the new Biden administration proposed restrictions on Chinese connected vehicle software and hardware. Tu talks about how this closes the Mexico backdoor and effectively keeps China EV Inc out of the US market for the foreseeable future.
They close out the podcast with a brief review of the situation in Europe for China EV Inc and a preview of what they look forward to at the Paris Motor Show.
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