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Britain should be wary of BYD: From Thailand to Brazil, imports from China's EV producer have the familiar pattern of being followed by the destruction of domestic jobs (www.spectator.co.uk)

submitted 2 days ago* (last edited 2 days ago) by Scotty@scribe.disroot.org to c/unitedkingdom@feddit.uk

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From Thailand to Brazil, a surge of imports from Chinese electric vehicle (EV) producer BYD has the familiar pattern of being followed by the destruction of domestic automotive jobs. The UK is unlikely to be the exception. This week’s news that Britain has become the number one market for BYD should ring alarm bells. Our domestic automotive producers, that have already announced thousands of job losses this year, are unlikely to emerge unharme.

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Chinese EV producers have a track record of flooding previously open automotive markets in Thailand, Turkey, and Brazil, with supply quickly outstripping demand. The domestic automotive industry then pays the price of increased Chinese market share with job losses and factory closures.

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[In Brazil], in the same month that BYD’s car carrier arrived in the country, Brazilian prosecutors announced plans to sue BYD and two of its contractors for ‘slave like conditions’ at a factory site. BYD has previously said it has ‘zero tolerance for violations of human rights and labour laws.’

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Seeking to shut the stable door after the horse has bolted, Turkey and Brazil have imposed tariffs on foreign EV imports and introduced other restrictions with limited effect in resurrecting their domestic automotive industries. The UK will soon face a similar choice between erecting tariffs and increasing taxpayer support to keep its domestic automotive sector afloat, or letting it wither further on the vine.

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[–] Flax_vert@feddit.uk 3 points 2 days ago

Can we be wary of other foreign cars in that case, too?