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Ships Carrying Chinese Cars Aren't Being Targeted By Houthi Militia
The Houthi militia exempts ships carrying exclusively Chinese cars amid escalating attacks, reflecting China's expanding influence in the European auto market, which reached 5% last April.
4 Articles
4 Articles
Has China cut a deal with Houthis? Its car cargo sailing through Red Sea, others still taking a detour
An analysis by Lloyd’s List Intelligence, a British maritime information service, has said that at least 14 car-carrier ships passed through the Red Sea and Suez Canal from China to ports across Europe last month
While many shipping companies stay away from the route through the Red Sea, Chinese car transporters use it specifically, which gives manufacturers decisive advantages on the European market.
When electric cars produced in China, as well as other goods from the People's Republic, are transported on Chinese cargo ships, they reach Europe significantly faster than goods from other manufacturers. This is not due to particularly fast ships from BYD, Geely, and the like, but rather to a politically explosive deal. As the Münchner Merkur reports, citing the New York Times, the Chinese government has apparently struck a deal with the Houthi…
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