Great Wall Motors' European headquarters in Munich, Germany, plans to close at the end of August under the dual pressure of slowing growth in electric vehicles in the European market and policy uncertainty. Great Wall Motor's European business will be handed over to the Chinese department. Currently, 100 employees have received notices of dismissal. Great Wall's previous market expansion plan to expand to eight new countries in Europe will be temporarily shelved. According to data from European market research organization Dataforce, Great Wall Motors' sales in the European market in the first four months of this year were 1,621 units. Although the year-on-year growth rate reached 147%, the overall scale of the European market is still small.

On January 12, BYD became the official travel partner of Euro 2024。This is the first time that the European Cup has joined hands with new energy automobile brands, and it is also the first time that Chinese automobile brands have been "married," which has promoted the further enhancement of the international influence of Chinese automobiles.。UEFA representative Guy Laurent Epstein said: "We are delighted to have BYD as a partner for Euro 2024.。BYD is the world's largest new energy car company, this cooperation is in line with our vision of building a green European Cup, we are optimistic about BYD's role in promoting the green transformation of the European Cup.。"

According to media reports on December 10, Zhang Minggang, deputy general manager of Huawei's French branch, revealed that Huawei's first overseas factory has been confirmed to land in France, covering an area of about 8 hectares, and is expected to be put into production by the end of 2025.。Huawei is reportedly expected to invest 200 million euros (1 euro is about 7.72 yuan - this net note), the annual output value of up to 1 billion euros, the rate of return is quite high, and will create 800 jobs, of which 300 in the near future, 500 in the long term.。The factory is expected to produce 1 billion units per year, but not smartphones, but the chipsets, motherboards and other components needed for 4G and 5G base stations, which can supply the entire European market.。Huawei entered France in 2003 and currently has six R & D centers and one global design center in Paris.。Huawei announced in 2019 that it would set up a plant in France, originally planned to start production in early 2023, but due to various reasons such as environmental protection, it has been delayed for a long time.。

Dominic Johnson, Secretary of State for Business and Trade, said at the Foreign Direct Investment Summit at Hampton Court Palace on 27 November that "Chinese investment is essential if we are to achieve our net zero (emissions) targets... I welcome greater business cooperation between the UK and China in terms of mutual investment.。He added, "Of course, I have an ambition to try to attract a Chinese car manufacturer (to invest in the UK)."。"China has a very strong electric vehicle industry.。I hope they make great cars in the UK, and then we can profit from it and export。Johnson said.。

Beginning in the first half of this year, news such as "Dell's supply chain will leave China" has been circulating in the market.。In this regard, Dell's global senior vice president Wu Dongmei recently responded to rumors that the company may withdraw from the Chinese market at an event: "We have never released any so-called information or comments that the Dell supply chain will withdraw from China."。Dell's global code of conduct is not to comment on "rumors."。This is our consistent position。But unfortunately this attitude has been misinterpreted and one-sided as confirmation without comment ', and some have even fabricated relevant information from Dell officials'.。What is clear is that these rumors are definitely 'rumors'! "

Recently, according to Indian media reports, as one of Apple's largest foundries, for nearly three years, Chinese company Lixun Precision has been trying to expand its business in India and hopes to invest in a factory in India to assemble Apple mobile phones.。However, India's attitude towards foreign investment has led Lixun Precision to dismiss plans to build a factory in India and instead add an additional 3.$300 million investment to expand production in Vietnam。This is the second well-known Chinese company to do so recently.。As early as 2021, BYD also tried to expand its presence in India, but the status of a Chinese-owned company has stymied India's Foreign Direct Investment Authority.。Finally in May this year, BYD announced that it would shift to Vietnam, investing more than 1.800 million U.S. dollars for the production of electronic components, compared to India's attitude towards foreign investment, Vietnam is a completely different look, choose to pragmatic money。India has always been known as a foreign-funded harvester, despite having the world's largest consumer potential market, but India makes money India spends, a separate investment environment that wants to take home has made many foreign companies back down.。In addition to foreign companies that have not yet entered the Indian market, those that are already in the Indian market are also mixed in their hearts.。Predictably, if India does not change its attitude towards foreign companies, it will only see more and more foreign companies leave India, and Modi's Made in India will become completely empty talk.。

According to industry sources, Samsung Display issued an internal announcement stating that the group headquarters has made a major strategic adjustment and will completely stop the OEM of displays produced in China in the fourth quarter of 2023 and shift subsequent supply to factories in Vietnam.。The release of this announcement means that Samsung Display will completely bid farewell to Chinese manufacturing, and its production capacity and supply chain system will be transferred to Vietnam.。Sources revealed that the transfer of Samsung Display's factory in China has long been carried out in the dark, and a number of Chinese companies in its supply chain have also planned to follow Samsung's transfer of production molds and continue to cooperate with Samsung.。

The recent EU sanctions against China's export industry are really wave after wave, first on October 4, the EU announced the opening of a countervailing investigation into Chinese electric vehicles, and now, there is news that the EU wants to impose new tariffs on Chinese steel and aluminum.？At present, there has been news that the United States and the European Union are secretly negotiating, will be held on the 20th of this month, the European and American steel and aluminum trade summit announced the adoption of a so-called "global sustainable steel and aluminum agreement."。Regardless of how high the name is, this is actually a sanctions agreement.。Under the agreement, the EU will impose new tariffs on steel and aluminum imports from countries and regions, including China, to suppress Chinese steel and aluminum exporters.。The EU's tax on Chinese exporters is subject to U.S. instructions, and in return, the U.S. promises that it will no longer impose tariffs on EU steel and aluminum exports to the U.S. in the future, reducing the burden on EU steel companies.。The U.S. has its own calculations, with EU officials saying President Biden needs to protect jobs for steelworkers in swing states such as Pennsylvania and Ohio to win votes for himself in next year's election。Professionals also revealed that the EU and the EU and the United States are forming a "common front" against China's trade exports, in addition to electric vehicles and steel, the EU is also ready to investigate the development of China's wind turbine manufacturers.。

On August 29, Xiaomi Group released its second quarter 2023 results。In the results conference call, Xiaomi Group partner and group president Lu Weibing said that Xiaomi encountered a lot of pressure in the Indian market in the second quarter, but if you look at the third or fourth quarter, you can see that Xiaomi has bottomed out and rebounded.。And, he expressed great confidence in the global market。

According to media reports, for the industry's concern about Xiaomi India's 4.8 billion yuan capital situation, Xiaomi Group President Lu Weibing responded in the 29th performance call, the funds are only frozen by the Indian government, not confiscated, is still being resolved through legal channels.。Lu Weibing said that Xiaomi's operations in India have always been legal and compliant and are actively communicating with local government departments.。Despite the very long process, Xiaomi believes in the impartiality and independence of the Indian judiciary。Lu Weibing also said that Xiaomi's business adjustment in the Indian market has achieved significant results, and in the future we will see new changes in Xiaomi's market share and product mix improvement in India.。

Why can Wang Chuanfu be so convinced in 2018 that photovoltaic energy storage in electric vehicles must be the future？In 2003, BYD got the qualification to build cars, and BYD's real first mass-produced car, F3, officially rolled off the production line in April 2005. Yes, Wang Chuanfu never came for fuel cars. He started from the beginning. It is to make trams. In his eyes, electric vehicles must be the future, and the core of electric vehicles is power batteries. Photovoltaic, new energy vehicles, and energy storage power stations are just three carriers of batteries。From the beginning of the car, BYD has invested a lot of money and manpower to study new energy vehicles.。Understanding technology allows BYD to understand the future。Technology is king, innovation is the development philosophy that BYD adheres to。When BYD was building batteries, Wang Chuanfu was the one who knew the most about battery technology in the company.。And in addition to the admiration of technology, BYD's technology explosion can not be separated from its other advantages, vertical integration, vertical integration is difficult to do, BYD because of this model was once in a very big dilemma。The so-called vertical integration, is the industry's upstream and downstream all in their own hands。In 2003, Wang Chuanfu decided to bring the vertical integration model into the automotive industry.。Two years later, BYD F3 opened BYD's production line, and the joint venture model looks no different from it, the price is only half of the former, relying on vertical integration, relying on cheap。Over the next five years, F3 sales skyrocketed, surpassing 1 million units in 2010, during which it received a huge investment from Warren Buffett.。Wang Chuanfu also took advantage of the victory, bringing the vertical integration model into the then unformed photovoltaic and energy storage fields.。A deep understanding of technology has given BYD an advanced strategic prediction and confidence, and Wang Chuanfu's fascination with technology has brought BYD a strong technical culture, which is interdependent and indispensable.。Wang Chuanfu blew a cow in 2017, to be number one in the country in 2015, to be number one in the world in 2025, and the cowhide blew through in 2015, but the 2025 goal doesn't seem to be so far away。

On August 14, Liu Yangwei, chairman of Hon Hai Group, said in response to a question about the Indian plant plan at the second quarter online law conference that if the plan is fully implemented, Hon Hai Group's investment in India will reach billions of dollars, and this is just the beginning.。Liu Yangwei revealed that Hon Hai will produce key components in India in the future, and is also considering setting up an electric vehicle and chip factory in India。In addition, the Indian government has been actively promoting the development of electric vehicles and chip industries, and Hon Hai's investment will also help promote India's development in these areas。

On August 9, BYD's 5 millionth new energy vehicle - Tengshi N7 officially rolled off the production line。At the event, BYD Chairman and President Wang Chuanfu recalled BYD's nearly 20 years of development from 2003 to the automotive industry, and when it came to the hardships of starting a business, Wang Chuanfu choked up several times at the scene.。

In 2022, BYD successfully surpassed Tesla and took the top spot in global new energy vehicle sales.。If it goes on like this, will BYD be locked up like Huawei?？We don't think there's a high probability。First, because BYD is not as threatening as Huawei, and second, the auto industry is much more difficult to block than the mobile phone industry.。Unlike the chip industry, domestic cars are not overly dependent on a few foreign suppliers in the three-power system, and their three-power systems are not only self-sufficient, but also become suppliers to other large factories.。Tesla, for example, picked up BYD's blade battery in 2022, while Toyota's new electric BZ3 is a deeper collaboration。In fact, if you compare the automotive industry with the mobile phone industry in this way, BYD is more like Samsung, which is also a supplier of core components such as screens, memory, chips, etc. for mobile phones.。Huawei and its HiSilicon chips have been frantically targeted since five years ago because for the first time a Chinese company could dominate the development of industry standards。In contrast, the automotive industry is not so obvious strategic significance, coupled with the vast majority of BYD's orders are still generated in China, has not been able to kill the Quartet in the global market, so it seems that BYD and the entire Chinese automotive industry still have time to make up for the supply chain shortcomings.。Even though BYD's situation is not so bad, but in the crazy years still have to be prepared for the winter。

BYD fears a tax storm after being blocked from investing $1 billion in a joint venture to build a factory in India。According to people familiar with the matter, the Indian Tax Intelligence Agency claimed that BYD paid less tax 7.300 million rupees (about 64 million yuan)。The person added that BYD recovered the portion of the tax after the initial findings of the Indian Tax Intelligence Agency were released。Despite this, the Indian government's investigation into BYD has not been terminated and additional taxes and fines may be imposed on the company.。

According to the latest requirements of the Indian authorities, the import of electronic products such as laptops and tablets must obtain a license。This is the latest in a series of initiatives by the Indian government to encourage localized production of electronic products.。Local purchasers are required to obtain a license to import laptops, tablets, all-in-ones, ultra-small computers and servers, with immediate effect。

According to media reports, three Indian government sources said Tesla hopes to introduce Chinese supply chain companies as it studies the plant.。In response, Indian officials asked Tesla to follow Apple's example and allow relevant Chinese supply chain companies to start joint ventures with local companies.。The source mentioned that the Indian side is approving joint venture partnerships between some Chinese suppliers and Indian companies on a case-by-case basis.。