1 00:00:07,133 --> 00:00:10,453 Speaker 1: You're listening to this Saturday Morning with Jack Team podcast 2 00:00:10,573 --> 00:00:13,213 Speaker 1: from News Talks. A'd be on my. 3 00:00:13,293 --> 00:00:18,333 Speaker 2: Route home is a big arterial road with a whole 4 00:00:18,373 --> 00:00:21,053 Speaker 2: line of different car dealerships, you know the ones. You know, 5 00:00:21,173 --> 00:00:24,133 Speaker 2: They're just those roads where like car dealership sort of 6 00:00:24,173 --> 00:00:27,853 Speaker 2: flock together. So there's a Toyota yard, there's a Ford dealership, 7 00:00:27,893 --> 00:00:31,413 Speaker 2: a Masda one, a Volkswagen dealership. There's a series of 8 00:00:31,773 --> 00:00:37,093 Speaker 2: uber fancy ones selling everything from Oadis to McLaren's to Lamborghini's. 9 00:00:37,853 --> 00:00:40,373 Speaker 2: And as I made my home. As I made my 10 00:00:40,413 --> 00:00:42,653 Speaker 2: way home one night a couple of weeks ago from work, 11 00:00:43,093 --> 00:00:48,013 Speaker 2: a new sign outside a dealership caught my eye. What 12 00:00:48,293 --> 00:00:54,013 Speaker 2: the hell is Zeka, I wondered. Actually, truth be told, 13 00:00:54,613 --> 00:00:57,773 Speaker 2: I already had a pretty good hunch and a quick 14 00:00:57,933 --> 00:01:02,853 Speaker 2: google that evening confirmed my suspicion. Zeka z e e 15 00:01:03,533 --> 00:01:08,133 Speaker 2: k R so no final z z ee kr Zeka 16 00:01:09,093 --> 00:01:12,813 Speaker 2: is the latest premium Chinese EV company to hit the 17 00:01:12,853 --> 00:01:17,013 Speaker 2: New Zealand market. You can add it to Gielely and Farazon, 18 00:01:17,413 --> 00:01:20,693 Speaker 2: which are EV brands owned by the same Chinese conglomerate. 19 00:01:20,973 --> 00:01:25,413 Speaker 2: Add those to x Ping, which had its first dealerships 20 00:01:25,453 --> 00:01:28,973 Speaker 2: and sells a pretty smart looking coop suv, added to 21 00:01:29,053 --> 00:01:31,773 Speaker 2: leap motor, added to dong Fing and added to old 22 00:01:31,773 --> 00:01:35,893 Speaker 2: Mate byd. If you have spent any time on the 23 00:01:35,973 --> 00:01:38,773 Speaker 2: roads the New Zealand of late, you have surely noticed 24 00:01:38,813 --> 00:01:41,013 Speaker 2: we are in the bit. We are in the midst 25 00:01:41,573 --> 00:01:44,573 Speaker 2: of a bit of a revolution when it comes to 26 00:01:44,693 --> 00:01:49,253 Speaker 2: Chinese evs. And it's not just us, of course, it's everywhere. 27 00:01:49,813 --> 00:01:56,053 Speaker 2: Last year, China exported one hundred and fifteen billion dollars 28 00:01:56,053 --> 00:01:59,893 Speaker 2: worth of electric vehicles. Just think about that, one hundred 29 00:01:59,933 --> 00:02:05,813 Speaker 2: and fifteen thousand million dollars worth of Chinese evs. That 30 00:02:05,973 --> 00:02:10,453 Speaker 2: was a forty three percent increase in exports compared to 31 00:02:10,493 --> 00:02:14,933 Speaker 2: the year before twenty twenty four. And they're not just 32 00:02:15,013 --> 00:02:18,933 Speaker 2: relying on a single export market for their sales. No, No, 33 00:02:19,173 --> 00:02:24,893 Speaker 2: Chinese EV sales are booming almost everywhere. Sixty six countries 34 00:02:24,973 --> 00:02:29,053 Speaker 2: last year spent more than one hundred million US dollars 35 00:02:29,173 --> 00:02:33,453 Speaker 2: on Chinese made electric vehicles. Why am I telling you this, well, 36 00:02:33,493 --> 00:02:35,333 Speaker 2: I reckon. There is good reason to think that Donald 37 00:02:35,333 --> 00:02:39,733 Speaker 2: Trump's decision this week to scrap emission standards and environmental 38 00:02:39,773 --> 00:02:46,373 Speaker 2: regulations is the market equivalent of laying down your king 39 00:02:46,493 --> 00:02:51,133 Speaker 2: and resigning the chessboard. It might make combustion engine vehicles 40 00:02:51,213 --> 00:02:54,013 Speaker 2: a bit cheaper for US consumers in the short term, sure, 41 00:02:55,373 --> 00:02:58,653 Speaker 2: but as the world slowly shifts or quickly shifts to 42 00:02:58,693 --> 00:03:03,173 Speaker 2: cleaner technology, it hands the Chinese EV makers an even 43 00:03:03,413 --> 00:03:09,413 Speaker 2: greater advantage. Sorry on, I reckon the ship sailed. So 44 00:03:09,573 --> 00:03:11,853 Speaker 2: think about it, right, where is the incentive now for 45 00:03:12,013 --> 00:03:15,973 Speaker 2: US car makers to make good evs. Where's the incentive 46 00:03:16,013 --> 00:03:19,093 Speaker 2: to push consumers in the US towards electric vehicles. There's 47 00:03:19,133 --> 00:03:22,693 Speaker 2: a reason that Tesla has opposed scrapping the vehicle standards, 48 00:03:23,573 --> 00:03:25,773 Speaker 2: and what will it mean for US car makers trying 49 00:03:25,813 --> 00:03:29,813 Speaker 2: to sell into markets where emission standards are already in 50 00:03:29,893 --> 00:03:35,373 Speaker 2: place for it? For example, China's used some pretty extraordinary 51 00:03:35,373 --> 00:03:39,373 Speaker 2: methods to propel its clean tech industries that have subsidized 52 00:03:39,413 --> 00:03:42,053 Speaker 2: and propped up EV makers in a way that foreign 53 00:03:42,093 --> 00:03:46,493 Speaker 2: manufacturers say is anti competitive, anti competitive and blatantly unfair. 54 00:03:47,293 --> 00:03:52,693 Speaker 2: But look at BYD's extraordinary vertical integration. Right, they own 55 00:03:53,133 --> 00:03:57,613 Speaker 2: mining rights, they have revolutionized battery technology, they have purpose 56 00:03:57,613 --> 00:04:02,773 Speaker 2: built ships designed to the perfect specifications to maximize the 57 00:04:02,893 --> 00:04:05,933 Speaker 2: number of vehicles they can export around the world at 58 00:04:05,973 --> 00:04:09,453 Speaker 2: any one time, and honestly, look at the quality, the features, 59 00:04:09,533 --> 00:04:13,973 Speaker 2: and the price point of Chinese evs. There's good reason 60 00:04:14,013 --> 00:04:18,093 Speaker 2: they're proving so popular. I don't think for a moment 61 00:04:18,253 --> 00:04:22,613 Speaker 2: that evs are the solution to everything. No, no, but 62 00:04:22,693 --> 00:04:26,533 Speaker 2: I do think that on balance, they are very likely 63 00:04:26,893 --> 00:04:31,413 Speaker 2: to play a huge part in domestic transport around the 64 00:04:31,453 --> 00:04:34,813 Speaker 2: world in the very near future. And if you agree 65 00:04:34,813 --> 00:04:37,933 Speaker 2: with that, well, then in my view, Donald Trump and 66 00:04:37,973 --> 00:04:40,693 Speaker 2: the United States have just thrown in the towel and 67 00:04:40,853 --> 00:04:45,693 Speaker 2: more or less guaranteed that China will dominate that electric 68 00:04:45,813 --> 00:04:46,893 Speaker 2: vehicle future. 69 00:04:47,573 --> 00:04:50,653 Speaker 1: For more from Saturday Morning with Jack Tame, listen live 70 00:04:50,773 --> 00:04:53,933 Speaker 1: to News Talks' b from nine am Saturday, or follow 71 00:04:53,973 --> 00:04:55,533 Speaker 1: the podcast on iHeartRadio.