Where Unsold EVs Go To Die: Belgium’s Ports Drowning Under Glut Of Chinese Imports

This years ago this week, we posted 1 of out most viral stories, highlighting the over-capacity in the car industry: “Where the World’s Unsold Cars Go To Die,”which excelled the 'endgame' of automakers’ 'channel stuffing' effects to disguise the abrupt catch of demand for all the breathtaking fresh models that they had forecast would boom to the moon...

And now, as MishTalk’s Mike Shedlock reports, we are seeing akin pictures across Europe...

“Some are parked here for a year, sometimes more.”

Le Monde reports Belgium’s ports driving under glut of Chinese electrical cars: ‘Some are parked here for a year, sometimes more’

Due to China’s overcapacity in production – as it credits to capture a 4th of the European electronic vehicle marketplace – the ports of Antwerp and Zeebrugge are inundated.

You probe request to see it to apply the challenges the automobile manufacture faces in transition to electricity. You besides request to come here to realize how the Chinese industry’s overcapacity has flooded the European market. That morning, as the sun unexpectedly lit up the maze of highways leading to this distant arm of the port of Antwerp, Belgium, a large cargo ship from the Norwegian company Höegh Autoliners loaded thousands of cars at 1 of the terminals of global car Operators (ICO), a subscription of the nipponese group Nippon Yusen Kaisha.

Along Swedish-Norwegian Wallenius Wilhelmsen, it is 1 of the main operators of the now merged port of Antwerp-Bruges, the world’s largest automotive terminal, through which the production of any 40 brands utilized to transit. But that was before the age of their Chinese competitors.

Car Parks

Quartz reports Cars are piling up at European ports at an alarming rate

Imported vehicles are seriously piling up at European ports, turning them into “car parks.” Automakers are distributors are strugling with a slowdown in car sales as well as logical bottlenecks that make it hard to alleviate the buildup of new, unsold vehicles.

Some Chinese brand EVs had been sitting in European ports for up to 18 months, while any ports had been asked importers to supply proof of onward transport, according to manufacture executives. 1 car logistics expert said many of the unloaded vehicles were simply staying in the ports until they were sold to distributors or end users.

“It’s chaos,” Said another individual who had been briefed on the situation.

This is another part of the escalating trade war between China and the remainder of the world.

China Producers 55 Percent of All Steel, Biden and Trump Eye Tariffs

Yesterday, I commented China Producers 55 Percent of All Steel, Biden and Trump Eye Tariffs

On April 22, I cauted A large Defence Push From China But Will Biden or Trump let That?

China keeps returning to a well that has run dry, utilizing exports as a means for growth. China is about to hit a brick wall, with global conveniences.

My #1 issue looking ahead is 2025 is simply a global trade war with serious repercussions.