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Transcripts For BBCNEWS World 20240703

At the moment, deliveries for this year are likely to be less than last year. A challenging environment, the ev market globally is slowing and lots more competition is rising particularly in china which can make Electric Vehicles at low cost. Talk to me about Electric Vehicles at low cost. Talk to me about that Electric Vehicles at low cost. Talk to me about that competition, if people are thinking of making a switch, given the cost of living crisis, they might think they cant afford tesla, they should go for a cheaper chinese one, is that hurting the bottom line . We cheaper chinese one, is that hurting the bottom line . The bottom line . We are seeing a wave of chinese the bottom line . We are seeing a wave of chinese cars the bottom line . We are seeing a wave of chinese cars in the bottom line . We are seeing a wave of chinese cars in europe, l the bottom line . We are seeing a l wave of chinese cars in europe, the ports are full of chinese Electric Vehicles. They are not only chea

Transcripts for BBCNEWS World Business Report 20240604 10:35:00

On china amid a worsening Trade War with the us. The General Manager says the move to mexico makes economic and logistical sense. They already employ a50 people and have ambitious plans to expand. We hope, to triple or even quadruple production, he says. The intention here in mexico is to bring our Production Levels up to that of our factories in vietnam. Whether its furniture, T Shirts or car parts, the proximity to the us and the skilled Labor Force here makes mexico an attractive prospect to chinese companies. And as more chinese firms reach that same conclusion and set up factories here. Its been an important shot in the arm to the mexican economy, particularly post the covid pandemic. The Sofa Factory is located inside a Chinese Mexico Industrial Park in the city of monterrey. Demand for plots is sky high, with every available

Transcripts for BBCNEWS World Business Report 20240604 10:40:00

Ban on short videos, it is ust that latform. ~ ,. , platform. Lawmakers in the us are 0 ticall platform. Lawmakers in the us are optically nervous platform. Lawmakers in the us are optically nervous about platform. Lawmakers in the us are optically nervous about an platform. Lawmakers in the us are optically nervous about an outrightj optically nervous about an outright ban, voting 360 58 to ban it or divest it. At the same time it was packaged without bill would offer aid to ukraine and israel. Giving a sense that they wanted to push it through without garnering too many headlines. I through without garnering too many headlines. ~. , through without garnering too many headlines. ~. ,. ,. , headlines. I think that is a fair oint but headlines. I think that is a fair point but it headlines. I think that is a fair point but it has headlines. I think that is a fair point but it has been headlines. I think that is a fair point but it has been under. Point but it has been under discussion f

Transcripts for BBCNEWS World Business Report 20240604 10:41:00

Please a political entity. The. Uestion please a political entity. The question is. Please a political entity. The question is, is please a political entity. The question is, is this please a political entity. The question is, is this a please a political entity. The question is, is this a stand off, the us was to look strong in the face of concerns about China And Chinas dominance in Trade And Computer chips and components. Ultimately, we will get some form of compromise, is that your assessment . I think they will be quite serious about tiktok, i think it is up to bytedance to look at divestment if it wants tiktok to survive. This is being talked of as if it is a ban, there is an option here, it is not an option that is impossible if the government in beijing permits it. If it doesnt permit it, as i say, it strengthens the american case. It is going to be a large kerfuffle, but i think it will get through. Goad going to be a large kerfuffle, but i think it will get through. Think it

Transcripts for BBCNEWS World Business Report 20240604 10:37:00

China and how to deal into this new triangular relationship. I whether a Back Door to the us or part of a costly war between the superpowers. Near shoring is here to stay, and mexico must be pragmatic if its to reap the long Term Benefit of this new, often hostile global trade arrangement. A us ban on tiktok moved a Step Closer over the weekend as the House Of Representatives passed a bill effectively prohibiting it, unless its chinese owner sells its stake within a year. Fears that the data about millions of american tiktok users could wind up in chinese hands has driven the us to demand the firm splits from its beijing based parent company, bytedance. Tiktok says bytedance is not an agent of china or any other country and points out the firm is 60 percent owned

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