AD #3838 - China Handed Out $230 Billion EV Subsidies; BMW Scraps $2B Northvolt Deal; Canada Considers China Tariffs
About this episode
China's massive $230 billion EV subsidies have fueled local automakers' dominance, though these incentives are now being phased out. Nissan is closing a plant amid fierce competition, while BYD expands in Mexico and its car insurance business in China. Canada considers tariffs on Chinese EVs following US and EU actions. BMW cancels a $2 billion battery deal with Northvolt, shifting focus to in-house development. Innovations include Neo's automated battery swapping, ZF's adaptive airbags for autonomous cars, and Portia's climate-simulating wind tunnel. The episode also highlights Bugatti's new hybrid hypercar, the Tourbillon, boasting 1,800 horsepower and advanced design.
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