(VIDEO) Chinese EVs Flooding European Ports; Over 260K Sit Unsold in Parking Lots

Kind of odd that the Communist Chinese have either direct or indirect control over a rather large percentage of the planet’s lithium. Interesting, huh?

I’d also like to add that an awful lot of those who do the actual back-breaking work of mining of the same lithium are the textbook definition of “slaves.” A huge number of them are children, often digging with their bare hands. Sometimes those same child slaves have the benefit of a sharpened stick or an iron spike.

Yeah, St. Greta’s complaint of her childhood being “stolen” doesn’t quite squeeze out a lot of sympathy from me.

Just a guess, but I’d wager she’s never had dirt under her fingers, or ever went to bed hungry. I’m sure she came from the most disenfranchised and oppressed cul-de-sac in all of Stockholm.

Anyhow, back to the topic at hand.

As reported by John Varga of the Guardian newspaper of London, there’s a glut of cheap Chinese EVs (electric vehicles) flooding into Europe but failing to sell.

In quite the aggressive marketing move, the Beijing government won’t be slowing down exports to Europe, but actually increasing.

As noted by Varga;

Major EU ports are almost full to capacity with Chinese electric vehicles (EVs) that no one wants to buy. A slump in sales across Europe has caused parking lots at the Belgian ports of Antwerp and Zeebrugge to fill up with the Chinese imports.

The parking lots are each able to accommodate about 130,000 vehicles and are crammed full of MGs, BYDs, Nios, XPengs, Lynk & Cos, Omodas and Hongqis, among others.

The European Council passed a law last March requiring all new cars and vans sold in the bloc to be zero-emission by 2035.

But as of 2035, all cars and vans sold in the EU must have 100 percent emission reductions.

In an effort to encourage drivers to go green, many EU states have offered generous incentives using millions of euros of taxpayers’ money.

Yet EV sales in March slumped by 11.3 percent overall across the EU, with purchases in Germany down by as much as 28.9 percent.

Chinese EVs have continued to pour into Belgium despite the downturn, with as many as 1.3million arriving in the first quarter of 2024 – a 33 percent increase on last year.

A spokesman for the Port of Antwerp-Bruges, the second largest in Europe, said: “This is what is happening in all European ports that handle large numbers of cars.”

The port is expecting to receive as many as one million Chinese EVs during 2024, as the influx of imports shows no sign of slowing down.