The Rise of Chinese Automakers in the Face of Trade Barriers

Chinese auto manufacturers face trade barriers like Trump's 27.5% import tariff on all Chinese vehicles and Joe Biden's Inflation Reduction Act subsidies for EVs that meet local content requirements. European nations are now beginning to question the current approach of subsidizing these cars, but at present German automakers oppose any protectionism. China still produces 3-quarters of all lithium-ion batteries and has 70% of production capacity for cathodes and 85% for anodes - vital components of EV batteries.