{"id":14372,"date":"2023-10-08T18:49:00","date_gmt":"2023-10-08T17:49:00","guid":{"rendered":"https:\/\/www.carscoops.com\/?p=2825103"},"modified":"2023-10-08T18:49:00","modified_gmt":"2023-10-08T17:49:00","slug":"nio-loses-35000-a-car-that-should-scare-the-u-s-and-europe","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2023\/10\/08\/nio-loses-35000-a-car-that-should-scare-the-u-s-and-europe\/","title":{"rendered":"Nio Loses $35,000 A Car. That Should Scare The U.S. And Europe"},"content":{"rendered":"

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The EU has opened an investigation into whether Chinese automakers have received state aid that gives them an unfair advantage<\/a> over Western carmakers. Which seems about as pointless as the 2015 study that set out to find whether the Mexican drug war increased homicide rates.<\/p>\n

But a new report in the New York Times<\/em> lays bays exactly how much of an advantage Chinese firms have when it comes to pricing their cars. The standout stat in the article is that Nio loses $35,000 on every car it makes. No wonder European automakers and regulators are worried.<\/p>\n

American automakers are already protected to some degree in their home market from Chinese competition by import tariffs. But if China<\/a>’s car companies like Nio can sustain those kind of losses and still keep powering forward, at least for now, then America should be every bit as concerned as its allies in Europe.<\/p>\n

Related: China Lashes Out And Warns EU Of Consequences For Possible EV Tariffs<\/a><\/strong><\/p>\n

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