The Chinese defraud themselves and crash into the Dutch market – De Dagaily Standaard

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Regional transport operator Keolis rings the bell. The company suspects fraud involving contracts for Chinese buses. While the coronavirus is still raging across the country, Chinese companies are aggressively invading European markets. Don’t worry! State Secretary Mona Keijzer (CDA) of Economic Affairs is probably almost done with checking whether this problem belongs on her plate. Exciting!
The provinces of Gelderland, Flevoland and Overijssel are (very likely) has become the battleground for European and Chinese economic interests. Keolis announced in December with two Chinese electric bus manufacturers (called BYD and Ginaf) instead of the Dutch VDL. The latter could not have guaranteed the delivery of 300 buses.

BYD and Ginaf then got the contract, but now those Chinese companies seem to have made arrangements with Keolis (who have already suspended a director or two), outside of the official contracts. Agreements in which it has been agreed that BYD and Ginaf will not face fines or lawsuits if they do not meet their delivery guarantees: the reason for Keolis not to work with VDL!

BYD and Ginaf have a pretty shadowy past in that regard. The Americans, South Africans and the British know all about that, the article shows.

And this seems to me information that you should be able to find quite easily. BYD was established in 1995 as a producer of rechargeable batteries. Seven years later, the company bought out a car manufacturer. Eight years later, BYD became the sixth largest automobile manufacturer in China. And now that the company focuses on electric buses, the rest of the world can also enjoy BYD’s spectacular business operations.

It is obvious that this company is being pumped up with Chinese state aid. And with that, it is no longer “just” a fraudulent company that will get you back in line with a tap of your fingers. It is absurd that State Secretary Mona Keijzer has been investigating since December whether this economic invasion of the Chinese state-owned company may be purely a provincial affair.

The company supplies underpowered products, probably has enough resources to get rid of the competition and yet ignores the rules. These kinds of companies just settle here and the state secretary checks whether it is not a provincial thing. Sounds more like an invasion through the economic domain.

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https://www.dagelijksestandaard.nl/2020/05/chinezen-frauderen-zich-een-ongeluk-en-nestelen-zich-in-nederlandse-markt/

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