Name: Inside a Chinese EV Graveyard in Hangzhou | WSJ
Uploaded: 2024-04-30T03:05:16.000Z
Duration: 5 min 15 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

of these models lie forgotten in the giant clearing

lost waves of new and improved Electric Cars.

Just like this one, China has shifted rapidly

The US is worried that Chinese car makers

and good electric cars posing a challenge

- [Narrator] Outdated EVs have been left in fields like this

- This EV Graveyard has hundreds of electric cars

and the Chinese government has pumped money

There has been technology developing very quickly

That also means that the older vehicles become obsolete

- [Narrator] Washington is worried that an oversupply

of Chinese EV will flood the global market

and there are already signs of a deluge of EVs in China.

In Hangzhou, we came across hundreds of new EVs

stored out in the open, many of them waiting to be sold.

China has the ability to produce roughly twice as many cars

behind the EV industry to cement China's global lead.

- China has the entire ecosystem working for it.

and the entire value chain is predominantly Chinese.

So eventually winner is going to be China.

- [Narrator] That threatens companies like Tesla,

which briefly lost its crown as the top EV seller

who think like the top 10 car companies are gonna be Tesla

- [Narrator] Chinese automakers have already

to Europe raising competition for local players.

The US doesn't want that to happen on its own shores.

To get ahead of the curve, president Biden announced

of electric vehicles will be made in America

- [Narrator] Despite resistance from the US,

The Beijing Auto Show is a chance for car makers

to show off their new EVs before they hit the market.

of new players over the years trying to cash in on the boom.

If you place an order today, you have to wait about six

and this is probably one of the hottest cars

or more just to get into this booth to try out this car.

- [Narrator] The company already has around 70,000 orders

in China and says it's highly automated plant.

It's able to build a car every 76 seconds.

Xiaomi SU wants to eventually ship its cars

- If anyone wants to start a conventional car company,

they need to have million, hundreds of thousands

Whereas EVs, the entry barrier is significantly lower.

Components are fewer components are prepackaged,

and therefore, if you and me decide to buy

- [Narrator] American automakers may also face competition

known for mass producing affordable cars.

which could help it circumvent the hefty tariffs

a buyer in America would end up paying at least double

China, which firmly opposes the new tariffs,

is already the world's biggest auto exporter.

But gasoline cars still make up a big part of the export.

that the exports will soon include more EVs.

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Inside a Chinese EV Graveyard in Hangzhou | WSJ

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